Examples of Merger Share Consideration in a sentence
Stockholder has the authority and is duly and legally qualified to acquired and own the Merger Share Consideration.
Until so surrendered, each outstanding Certificate that prior to the Effective Time represented shares of Company Common Stock shall be deemed from and after the Effective Time, for all purposes, to evidence the right to receive the portion of the Merger Share Consideration as provided in Section 2.08(a).
Within five (5) Business Days of the Effective Time, the Parent shall cause certificates representing the Merger Share Consideration to be issued to the Stockholders.
All Merger Share Consideration paid or payable upon the surrender of Certificates in accordance with the terms hereof shall be deemed to have been paid or payable in full satisfaction of all rights pertaining to the Shares formerly represented by such Certificate, and from and after the Effective Time, there shall be no further registration of transfers of Shares on the stock transfer books of the Surviving Corporation.
Stockholder has the requisite power and authority to enter into and perform the Merger Agreement and to accept the Merger Share Consideration.
Immediately after the Effective Time, as a result of the issuance of the Merger Share Consideration, the Merger Option Consideration, the Xxxxx Shares and the Wesser Shares, Proman, Xxxxx and Xxxxxx will own, in the aggregate, 50% of the Fully Diluted Equity of PDN.
The Company shall use its reasonable best efforts to register the shares of Parent Company Stock, represented by the Merger Share Consideration, issued to the Stockholders, by preparing and filing a registration statement on Form S-1 or a similar form with the U.S. Securities and Exchange Commission within a commercially practical period of time following the Closing.
If, after the Effective Time, Certificates are presented to the Surviving Corporation, they shall be cancelled and exchanged for the Merger Share Consideration provided for, and in accordance with the procedures set forth, in this Article II and elsewhere in this Agreement.
Stockholder believes it has received all the information it considers necessary or appropriate for deciding whether to enter into the Merger Agreement and to accept the Merger Share Consideration.
At the Effective Time, PDN shall withhold from the Merger Share Consideration the Escrowed Shares to be distributed in accordance with Section 5.5. At the Effective Time, PDN shall issue to (i) Proman the Merger Share Consideration consisting of 5,110,975, (ii) Xxxxx 959,096 shares of PDN Common Stock (the “Xxxxx Shares”) and (iii) Wesser 239,774 shares of PDN Common Stock (the “Wesser Shares”).