Examples of Newco Class B Common Stock in a sentence
Any amounts remaining unclaimed by holders of shares on the day immediately prior to such time as such amounts would otherwise escheat to or become the property of any governmental entity shall, to the extent permitted by applicable law, become the property of the Surviving Corporation (or Newco in the case of Newco Common Stock or Newco Class B Common Stock and dividends or distributions with respect thereto) free and clear of any claims or interest of any holder previously entitled thereto.
None of the Surviving Corporation, Newco or the Exchange Agent will be liable to any holder of shares of Company Stock for any shares of Merger Stock or any Newco Common Stock or Newco Class B Common Stock, dividends or distributions with respect thereto or cash payable in lieu of fractional shares delivered to a state abandoned property administrator or other public official pursuant to any applicable abandoned property, escheat or similar law.
The Distribution shall be deemed effective upon notification by the Company to the Transfer Agent that the Distribution has been declared, that the conditions thereto have been waived or satisfied and that the Transfer Agent is authorized to proceed with the distribution of Newco Common Stock and Newco Class B Common Stock.
The Newco Class A Common Stock to be issued in connection with the Reorganization and the Newco Class A Common Stock issuable upon conversion of the Newco Class B Common Stock to be issued in connection with the Reorganization shall have been approved for listing on The Nasdaq Stock Market, subject only to official notice of issuance.
At the Closing, Newco shall deliver or cause to be delivered to WP LLC and Bankers Trust certificates representing the Newco Class B Common Stock in the respective amounts determined in accordance with Section 2.5 and registered in the name of WP LLC and Bankers Trust, respectively.