Examples of Peoples Common Stock in a sentence
The authorized capital stock of Peoples consists of 10,000,000 shares of Peoples Common Stock, of which 1,977,760 are issued and outstanding and no shares are held in treasury as of the date hereof, and 1,000,000 shares of preferred stock, par value $.01 per share, of which no shares are issued and outstanding as of the date hereof.
Peoples does not have any outstanding contractual or other obligation to repurchase, redeem or otherwise acquire any of the issued and outstanding shares of Peoples Common Stock.
Each share of Peoples Common Stock is entitled to one vote per share.
Each holder who otherwise would have been entitled to a fraction of a share of Peoples Common Stock shall receive in lieu thereof cash (without interest) in an amount determined by multiplying the fractional share interest to which such holder would otherwise be entitled by the Average Share Price.
In lieu thereof, each holder of shares of Market Common Stock entitled to a fraction of a share of Peoples Common Stock shall, at the time of surrender of the certificate or certificates representing such holder's shares, receive an amount of cash in accordance with the terms of Section 1.05 of the Reorganization Agreement.
Each share of Peoples Common Stock issued and outstanding immediately prior to the Effective Time shall, on and after the Effective Time, continue to be issued and outstanding as an identical share of Peoples Common Stock.
If, in fact, the undersigned were an affiliate under the Securities Act, the undersigned's ability to sell, assign or transfer the shares of Davel Common Stock received by the undersigned in exchange for any shares of Peoples Common Stock in connection with the Merger may be restricted unless such transaction is registered under the Securities Act or an exemption from such registration is available.
Except as set forth in Market Disclosure Schedule 2.21, neither Market nor an "affiliate" or "associate" of Market, as the terms "affiliate" and "associate" are defined in Section 203(c) of the DGCL, is the "owner," as the term "owner" is defined in Section 203(c) of the DGCL, of any of the outstanding shares of Peoples Common Stock.
Notwithstanding any other provision of this Agreement, neither certificates nor scrip for fractional shares of Peoples Common Stock shall be issued in the Merger.
Any Peoples Common Stock with respect to which the holder (or the beneficial owner, as the case may be) shall not have submitted to the Exchange Agent an effective, properly completed Election Form on or before 5:00 p.m., Eastern time, on the twenty fifth (25th) day following the Mailing Date (or such other time and date as Summit and Peoples may mutually agree) (the “Election Deadline”) shall also be deemed to be No Election Shares.