PE Shares definition
Examples of PE Shares in a sentence
The initial authorized capital stock of Newco will be as reflected in Exhibit 2.2. No shares except those issued to Quantech and PE pursuant to this Agreement shall be issued and outstanding on the date of issuance to PE of the PE Shares.
Parent hereby irrevocably waives, and agrees not to exercise, any rights of appraisal or rights of dissent from the Merger that Parent may have with respect to the PE Shares (including any rights under Section 238 of the CICL) prior to the Expiration Time.
All stock option activity was retroactively restated to reflect the Exchanged Options.
The PE Shares have been duly authorized, validly issued, fully paid and nonassessable, and have not been issued in violation of any preemptive right of stockholders.
At the time of issuance of the PE Shares, there shall be no options, warrants, conversion privileges or other rights presently outstanding to purchase or otherwise acquire any authorized but unissued shares of the capital stock or other securities of Newco, nor any agreements or understandings with respect thereto.
The purchase price for the AA Shares is USD$5,495,919,896.06 (the “AA Shares Purchase Price”), payable in immediately available funds in U.S. dollars and no amount shall be withheld in respect of any withholding Taxes, and the purchase price for the L Shares is USD$69,727,693.12 (the “L Shares Purchase Price”), payable in immediately available funds in U.S. dollars and no amount shall be withheld in respect of any withholding Taxes.
Parent is a sophisticated investor and has independently evaluated the merits of its decision to purchase the PE Shares pursuant to this Agreement.
There shall not be any court decision, order or injunction by any court or other governmental body that makes the purchase and sale of the PE Shares contemplated hereby illegal or otherwise prohibited.
On the date of issuance of the PE Shares, Newco shall have no subsidiaries or affiliated companies (except Quantech and PE) and shall not otherwise own or control, directly or indirectly, or have any ownership interest in, any other corporation, association, joint venture, business entity or partnership.
The PE Shares shall not be sold, transferred, assigned, pledged or hypothecated, nor shall any of the PE Shares be subject to any hedging, short sale, derivative, put, or call transactions that would result in the effective economic disposition of such PE Shares for a period ending on the 18-month anniversary of the effective date of a registration statement on Form SB-2 that PE plans to file with the United States Securities and Exchange Commission on or before August 24, 2007 (the “Lock-Up Period”).