Old Preferred Stock definition
Examples of Old Preferred Stock in a sentence
Any shares of Old Preferred Stock distributed or released to the Company, which shall not include the Additional Old Preferred Shares to be distributed to the Shareholder in accordance with this Section 1.1, shall be cancelled and shall cease to exist.
At such time prior to the Effective Time as shall be determined by the Board of Directors of Parent, each share of Parent Old Preferred Stock issued and outstanding shall be redeemed pursuant to the terms thereof and the Articles of Incorporation of the Parent.
In the event of any such rescission, you will return all tendered Old Preferred Stock to the persons entitled thereto, at the request of the Company.
On account of, and in complete satisfaction of, the ESOP Prepetition Claims, the ESOP Application, and the ESOP's Old Preferred Stock Interests, the ESOP will receive the consideration set forth in the Plan.
The shares of Old Common Stock and Old Preferred Stock of the Company outstanding as of the date hereof have been duly authorized, validly issued, fully paid and nonassessable, and were issued in compliance with all applicable securities laws or exemptions therefrom.