Examples of LCNB Common Shares in a sentence
The outstanding LCNB Common Shares have been duly authorized, are validly issued and outstanding, fully paid and nonassessable, and were not issued in violation of any preemptive rights.
The Exchange Agent shall not be entitled to vote or to exercise any rights of ownership with respect to the LCNB Common Shares held by it from time to time hereunder, except that it shall receive and hold in trust for the recipients of the LCNB Common Shares until distributed thereto pursuant to the provision of this Agreement all dividends or other distributions paid or distributed with respect to such LCNB Common Shares for the account of the persons entitled thereto.
All shares of LCNB Common Shares to be issued pursuant to this Agreement may be issued in book entry form without physical certificates in LCNB’s discretion.
Promptly after the Effective Time, the Exchange Agent shall distribute LCNB Common Shares and make payment of such cash as provided herein.
The holding period of the LCNB Common Shares received by a holder of First Capital Common Shares will include the period during which the First Capital Common Shares surrendered in exchange therefor were held, provided the First Capital Common Shares are a capital asset in the hands of the holder at the time of the Merger.
The LCNB Common Shares to be issued in the Parent Merger shall have been authorized for listing on the NASDAQ – Capital Market®.
Promptly after the Effective Time, the Exchange Agent shall distribute LCNB Common Shares and make payment of the Exchange Fund as provided herein.
For purposes of determining the character of this gain, such holder will be treated as having received only LCNB Common Shares in exchange for such holder’s First Capital Common Shares and as having redeemed immediately a portion of such LCNB Common Shares for the cash received (excluding cash received in lieu of fractional LCNB Common Shares).
The LCNB Common Shares to be issued in the Merger have been validly authorized and, when issued, will be validly issued, fully paid and nonassessable, and no current or past shareholder of LCNB will have any preemptive right or similar rights in respect thereof.
LCNB has a sufficient number of authorized and unreserved LCNB Common Shares to pay the Aggregate Stock Consideration.