Matrix Shares definition

Matrix Shares means shares of capital stock of Matrix Oil Management Corporation, a California corporation.
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Matrix Shares means those 2,439,348 fully paid and non-assessable common shares of Matrix to be issued at a deemed price of $0.001 per share to the Selling Shareholders by Matrix on the Closing Date;
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Examples of Matrix Shares in a sentence

  • Section 4.23 of the Disclosure Schedules lists all Contracts between Matrix and any executive officer or director of Matrix or any person owning 5% or more of the Matrix Shares (or any of such person’s immediate family members or Affiliates of such person) or by which any executive officer or director of Matrix or any person owning 5% or more of the Matrix Shares (or any of such person’s immediate family members or Affiliates) has any interest in any property owned by Matrix.

  • On the Closing Date, Matrix will have no more than 2,309,000 shares of Matrix Common Stock issued and outstanding immediately prior to the issuance of the Matrix Shares as contemplated by this Agreement.

  • The authorized capital stock of Matrix consists of 250,000 shares of common stock, no par value (the “Matrix Shares”), of which 7,085 Matrix Shares are issued and outstanding as of the close of business on the date of this Agreement.

  • Notwithstanding any other provision of this Agreement, no certificate for fractional shares of the Matrix Shares will be issued in the Transaction.

  • The Selling Shareholders acknowledge and agree that the Matrix Shares are being issued pursuant to a safe harbor from the prospectus and registration requirements of the Securities Act.

  • The Matrix Shares to be issued to the Selling Shareholders upon consummation of the Transaction in accordance with this Agreement will, upon issuance, have been duly and validly authorized and, when so issued in accordance with the terms of this Agreement, will be duly and validly issued, fully paid and non-assessable.

  • The Selling Shareholders acknowledge that Matrix has advised the Selling Shareholders that Matrix is relying on an exemption from the prospectus and registration requirements of the B.C. Securities Act to issue the Matrix Shares to the Selling Shareholders and, as a consequence, certain protections, rights and remedies provided by the B.C. Securities Act, including statutory rights of rescission or damages, will not be available to the Selling Shareholders.

  • As consideration for the sale of the FSona Shares by the Selling Shareholders, Matrix shall allot and issue the Matrix Shares to the Selling Shareholders on the basis of 2.2544805 Matrix Shares for each one FSona Share held by the Selling Shareholders.

  • Additionally, the Selling Shareholders acknowledge that resale of any of the Matrix Shares by the Selling Shareholders resident in Canada is restricted except pursuant to an exemption from applicable securities legislation.

  • Matrix has not undertaken, and will have no obligation, to register any of the Matrix Shares under the Securities Act; provided, however, that Matrix will assist in providing legal opinions to the Selling Shareholders at the Selling Shareholders’ cost when the Selling Shareholders may resell their respective shares under Rule 144 promulgated under the Securities Act.

Related to Matrix Shares

  • VMTP Shares means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Acquired Shares has the meaning set forth in the Recitals.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • New Shares means ordinary or common shares, whether of the entity or person (other than the Share Issuer) involved in the Merger Event or a third party, that are, or that as of the Merger Date are promptly scheduled to be, (i) publicly quoted, traded or listed on an exchange or quotation system located in the same country as the Exchange (or, where the Exchange is within the European Union, in any member of state of the European Union) or on another exchange acceptable to the Issuer and (ii) not subject to any currency exchange controls, trading restrictions or other trading limitations.

  • Subscriber Shares means the Shares which the subscribers to the Instrument of the ICAV agree to subscribe for as more particularly hereinafter set forth after their names.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Company Shares means the common shares in the capital of the Company;

  • Common Shares means the common shares in the capital of the Corporation;

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Newco Shares means the common shares in the capital of Newco;

  • Sold Shares shall have the meaning specified in Section 6.

  • Unit Shares means the Common Shares comprising part of the Units;

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • Buyer Stock means the common stock, par value $0.0001 per share, of Buyer.

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Transferred Shares means all or any portion of a Member’s Shares that the Member seeks to Transfer.

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

  • Exchange Shares has the meaning set forth in Section 2.01(b).

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • ASA Shares has the meaning set forth in 2.4(a).