Examples of PCC Common Stock in a sentence
As of the Effective Date, all Old Securities (except for the PCC Common Stock) shall be terminated and canceled, and the Existing Indenture, statements of resolution, and any other documentation governing such Old Securities (except for the PCC Common Stock) shall be rendered void.
The Exchange Agent shall not be entitled to vote or exercise any rights of ownership with respect to the shares of PCC Common Stock held by it from time to time hereunder, except that it shall receive and hold all dividends or other distributions paid or distributed with respect to such shares for the account of the Persons entitled thereto.
In addition, 100% of the Reorganized PCC Common Stock shall be issued to the Asbestos PI Trust.
The shares of PCC Common Stock to be issued in the Merger shall have been approved for quotation on Nasdaq (or such other exchange on which the PCC Common Stock may become listed) if so required and shall be freely tradable.
Notwithstanding any other provision of this Agreement, neither certificates nor scrip for fractional shares of PCC Common Stock shall be issued in the Merger.
No dividends which have been declared will be remitted to any Person entitled to receive shares of PCC Common Stock under Section 2.1.4 until such Person surrenders the Foundation Bancorp Certificate or Certificates or Book-Entry Shares representing Foundation Bancorp Common Stock, Foundation Bancorp Restricted Stock or Foundation Bancorp Preferred Stock, at which time such dividends shall be remitted to such Person, without interest.
Any fractional shares held by a shareholder of PVSP as a result of the Merger shall be rounded up to one full PCC Common Stock share.
The outstanding shares of PCC Common Stock and PCB Common Stock have been duly authorized, are validly issued, fully paid and non-assessable, and are not subject to any preemptive rights and were not issued in violation of any preemptive rights.
Each share of PVSP Common Stock issued and outstanding immediately prior to the Effective Time shall be converted on a ONE (1) to ONE (1) basis (the “Common Stock Exchange Ratio”), or into ONE (1) validly issued, fully paid and nonassessable share of PCC Common Stock.
No certificates or scrip representing fractional shares of PCC Common Stock shall be issued upon the surrender for exchange of certificates and such fractional share shall not entitle the record or beneficial owner thereof to vote or to any other rights as a stockholder of the Company.