Ordinary Common Stock definition
Examples of Ordinary Common Stock in a sentence
MCI has received the opinion of each of the Financial Advisors, dated the date of this Agreement, to the effect that, as of such date, the Merger Consideration is fair, from a financial point of view, to the holders of Ordinary Common Stock (the "Fairness Opinions"), a copy of each of which opinions have been made available to WorldCom.
All covenants and other agreements contained in this Agreement by or on behalf of any of the parties hereto bind and inure to the benefit of their respective successors and assigns (including, without limitation, any subsequent holder of shares of MVS Securities or Ordinary Common Stock into which the shares of MVS Securities have been converted) whether so expressed or not.
Merger Sub has not conducted any activities other than in connection with the organization of Merger Sub, the purchase of Ordinary Common Stock in open-market transactions, the negotiation and execution of this Agreement and the consummation of the transactions contemplated hereby.
For purposes hereof, a member of the Onex Group who owns shares of Multi-Vote Common Stock shall be considered to own the shares of Ordinary Common Stock into which such shares of Multi-Vote Common Stock may be converted, and Aetna shall be considered to own the shares of Ordinary Common Stock into which the Warrant may be converted.
The shares of Ordinary Common Stock issuable upon the conversion of Series B-1 12.75% Preferred Stock issued at the Second Closing shall have been approved for listing on the NYSE, subject to official notice of issuance.
If the Corporation in any manner subdivides or combines the outstanding shares of any of the Ordinary Common Stock, Class B Common Stock or Series C Preferred Stock, then the outstanding shares of the Ordinary Common Stock, Class B Common Stock or Series C Preferred Stock, as applicable, will be subdivided or combined in the same manner.
All the outstanding shares of Company Ordinary Common Stock and Company Class B Stock have been validly issued and are fully paid and nonassessable.
As of the Effective Date, the authorized capital stock of the Company will consist entirely of 100,000,000 shares of Ordinary Common Stock, 40,000,000 shares of MVS Securities and 10,000,000 shares of Preferred Stock, par value $.01 per share, of which approximately 26,656,989 shares of Ordinary Common Stock, up to approximately 8,448,275 shares of MVS Securities and no shares of Preferred Stock will be issued and outstanding.
The Corporation shall pay any and all taxes that may be payable in respect of the issue or delivery of shares of Ordinary Common Stock, Class B Common Stock or Series C Preferred Stock on conversion of Series B-2 11.5% Preferred Stock.
The respective rights, preferences, privileges and restrictions of the Series A Preferred Stock and the Ordinary Common Stock are as stated in the Certificates of Designation and the Company’s Certificate of Incorporation.