MPA Stock definition
Examples of MPA Stock in a sentence
Subject to the terms and conditions set forth in this Agreement, the Stockholders agree that they shall each, on the Closing Date, surrender to OHF certificates evidencing One Hundred and Twenty Five (125) shares of MPA Stock owned by such Stockholder, duly endorsed in blank or accompanied by an appropriate instrument of transfer satisfactory in form and substance to counsel for OHF, which shares, in the aggregate, shall constitute all of the issued and outstanding shares of MPA Stock.
Each share of MPA Stock issued and outstanding immediately prior to the Effective Date that is owned by MPA shall automatically be canceled and retired and shall cease to exist, and no shares of OHF Stock or other consideration shall be delivered in exchange therefor.
In exchange for the surrender of the MPA Stock, OHF shall issue to each of the Stockholders Eighty Six Thousand Two Hundred and Seven (86,207) shares of OHF Stock.
That (i) such Stockholder owns, free and clear of any lien, encumbrance, charge or claim whatsoever, 125 shares of MPA Stock and that such Stockholder has the sole right to sell such shares; and (ii) as of the Closing Date, such Stockholder will own, free and clear of any lien, encumbrances, charge or claim whatsoever, the 125 shares of MPA Stock and will have the sole right to sell such shares.