Examples of LTC Common in a sentence
No certificate or scrip representing fractional shares of Healthcare Common Stock shall be issued as part of the Distribution and in lieu thereof, each holder of LTC Common Stock who would otherwise be entitled to receive a fractional share of Healthcare Common Stock will receive cash for such fractional share.
As consideration for the foregoing asset transfers on or prior to the Distribution Date, LTC shall receive from Healthcare a sufficient number of shares of Healthcare Common Stock to effect the Distribution to the Holders of LTC Common Stock.
LTC shall instruct the Agent to determine the number of whole shares and fractional shares of Healthcare Common Stock allocable to each holder of record of LTC Common Stock as of the Distribution Record Date.
The holders of record of LTC Common Stock as of the Distribution Record Date.
The GAIA Holding Stockholder has sufficient knowledge and experience in investing in companies similar to LTC so as to be able to evaluate the risks and merits of an investment in LTC Preferred and the underlying LTC Common.
In consideration of all the aggregate benefits to Ilion pursuant to the LTC-Ilion Termination Agreement, at the Closing (as defined below) Ilion agrees to sell to the Investor and the Investor agrees to purchase, subject to all of the terms and conditions hereof, the promissory notes of LTC set forth on Annex A (the "Notes") for the purchase price set forth on Annex A which are convertible into the number of shares of LTC Common Stock (the "Shares") set forth on Annex A.
Pending such surrender and exchange, such holder's certificate or certificates for shares of LTC Common shall be deemed for all corporate purposes, by virtue of the Merger and without any action on the part of the holder thereof, to evidence Merger Securities subject to the provisions of this Agreement and the Plan of Merger and the right to receive cash in lieu of fractional shares as provided by this Agreement and the Plan of Merger.
The average daily closing price of the LTC Common Stock on the Nasdaq National Market for the ten days preceding the fifth day prior to the Closing Date (the "CLOSING Price") shall not be greater than $20.00 per share.
PLL and the Exchange Agent shall be entitled to rely upon the stock transfer books of LTC to establish the identity of those persons entitled to receive the Merger Consideration specified in this Agreement and the Plan of Merger for their shares of LTC Common, which books shall be conclusive with respect to the ownership of such shares.
LTC and Ilion have entered into a Warrant Agreement relating to warrants to purchase 7,500,000 shares of LTC Common Stock pursuant to an Agreement and Plan of Merger dated as of January 19, 2000, as amended ("LTC - Ilion Merger Agreement") (the "Warrants").