Examples of Offered Preferred Shares in a sentence
In rendering the opinion set forth in this Paragraph 4, I have assumed that, at the time of issuance of any Offered Preferred Shares, (i) the Articles, the Bylaws and the IBCL shall not have been amended after the date hereof so as to affect the validity of such issuance and (ii) there shall be sufficient shares of Preferred Stock authorized under the Articles (as then in effect) and not otherwise reserved for issuance.
With respect to any offering of any series of Preferred Shares (the “Offered Preferred Shares”), when the Certificate of Designations (as hereinafter defined) has been duly filed with the Department of State of the State of Delaware, the Offered Preferred Shares (including any Offered Preferred Shares duly issued upon conversion or exchange of any other Securities), will be duly authorized, validly issued, fully paid and nonassessable.
In rendering the opinion set forth in this paragraph 2, I have assumed that, at the time of issuance of any Offered Preferred Shares, the Certificate of Incorporation, the By-Laws and the Virginia Act shall not have been amended so as to affect the validity of such issuance.
In rendering the opinion set forth in this paragraph 2, I have assumed that, at the time of issuance of any Offered Preferred Shares, the Certificate of Incorporation, the ByLaws and the CBCA shall not have been amended so as to affect the validity of such issuance.
In rendering the opinion set forth in this Paragraph 4, I have assumed that, at the time of issuance of any Offered Preferred Shares, (a) the Articles, the By-Laws and the MBCA shall not have been amended after the date hereof so as to affect the validity of such issuance, and (b) there shall be sufficient Preferred Shares authorized under the Articles (as then in effect) and not otherwise reserved for issuance.
In rendering the opinion set forth in this Paragraph 2, we have assumed that, at the time of issuance of any Offered Preferred Shares, the Certificate (except with respect to the Certificate of Designation), the Certificate of Designation, the Bylaws and the General Corporation Law of the State of Delaware shall not have been amended so as to affect the validity of such issuance.
The purchase price for the Offered Preferred Shares to be purchased by the Preferred Share Non-Selling Shareholders exercising their right of first refusal will be the price in cash as set forth in the Preferred Share Transfer Notice.
In rendering the opinion set forth in this paragraph 2, I have assumed that, at the time of issuance of any Offered Preferred Shares, the Certificate of Incorporation, the By-Laws and the CBCA shall not have been amended so as to affect the validity of such issuance.
Payment of the purchase price for the Offered Preferred Shares purchased by the Right Holders shall be made within ten (10) Business Days following the date of the First Offer Expiration Notice.
The Preferred Share Non-Selling Shareholders may exercise such purchase option and purchase all of the Offered Preferred Shares by notifying the Preferred Share Selling Shareholder in writing before expiration of such twenty (20) days period as to the number of shares that it wishes to purchase.