Examples of Pledged Common Stock in a sentence
In the absence of specific instructions from the Holder of a Separate COVERS, the Agent shall abstain from voting the Pledged Common Stock underlying such Separate COVERS.
In addition, if there are any Continuing Partner Minimum Ownership Shares with respect to any Partner, such shares shall be first, shares of Pledged Common Stock allocable to such Partner and, second, shares of Common Stock that do not constitute shares of Pledged Common Stock (not to exceed in the aggregate the number of Continuing Partner Minimum Ownership Shares).
Upon the written request of the Holders of Separate COVERS on such record date received by the Agent at least six days prior to such meeting, the Agent shall endeavor insofar as practicable to vote or cause to be voted, in accordance with the instructions set forth in such requests, the maximum number of shares of Pledged Common Stock as to which any particular voting instructions are received.
The Company hereby agrees, if applicable, to solicit Holders of Separate COVERS to timely instruct the Agent in order to enable the Agent to vote such Pledged Common Stock.
On or prior to the Closing Date, the Founders shall pledge to the Investor 4,180,545 shares of Common Stock of Founder Shares (“Founder Pledged Common Stock”) pursuant to the Stock Pledge Agreement and execute all such applications and other instruments as may be reasonably required by the Investor in connection with securing the Founder Pledged Common Stock or perfecting any Lien (as defined in the Stock Pledge Agreement) (including any UCC filings).
The Pledged Common Stock, when issued upon conversion of the Pledged Preferred Stock, will be duly and validly issued, fully paid and non-assessable and will not be subject to any pre-emptive or similar rights and will rank pari passu in all respects with all other existing shares of Common Stock.
Under the terms of the Pledge Agreement, the Agent will be entitled to exercise the voting and any other consensual rights pertaining to the Pledged Common Stock, but only to the extent instructed in writing by the Holders as described below.
Upon the effectiveness of the Stockholder Approval, all of Founders’ obligations under this Section 2.1 and under the Stock Pledge Agreement will terminate and the Liens and security interests granted under the Stock Pledge Agreement, the Founder Pledged Common Stock and any other property then held as part of the Pledged Stock in accordance with the provisions of the Stock Pledge Agreement shall be returned to the Founders.
Subject to Section 4.2 of the Purchase Contract Agreement, the Holder of each Separate COVERS shall be entitled, with respect to the Pledged Common Stock, to all of the rights of a holder of shares of Common Stock.
Cheniere shall file the Pledged Common Stock Registration Statement within 120 days of receipt of the written request of Arabella for registration pursuant to this SECTION 4(H).