Examples of Preferred Stock Exchange in a sentence
Upon delivery of a Preferred Stock Certificate Request Notice, the Corporation shall promptly effect the Preferred Stock Exchange and shall promptly issue and deliver to the beneficial owner a physical Preferred Stock Certificate for such number of shares of Preferred Stock represented by its interest in such global certificates in the name of the beneficial owner.
In connection with a Preferred Stock Exchange, the Corporation agrees to deliver the Preferred Stock Certificate to the Holder within two (2) Business Days of the delivery of a properly completed and executed Preferred Stock Certificate Request Notice pursuant to the delivery instructions in the Preferred Stock Certificate Request Notice.
In connection with a Preferred Stock Exchange, the Corporation agrees to deliver the Preferred Stock Certificate to the Holder within three (3) Business Days of the delivery of a properly completed and executed Preferred Stock Certificate Request Notice pursuant to the delivery instructions in the Preferred Stock Certificate Request Notice.
Prior to or at the Closing, holders of the Company’s Series B Convertible Preferred Stock, as more fully set forth in Schedule 4.2(t), shall have exchanged such shares of Series B Convertible Preferred Stock for Preferred Shares, pursuant to the terms and conditions set forth in the Series B Convertible Preferred Stock Exchange Agreement, a form of which is attached hereto as Exhibit I.
This Preferred Stock Exchange Agreement is hereby accepted upon the terms and conditions set forth above.
In connection with a Series B Preferred Stock Exchange, the Corporation agrees to deliver the Series B Preferred Stock Certificate to the Holder within two (2) Business Days of the delivery of a properly completed and executed Series B Preferred Stock Certificate Request Notice pursuant to the delivery instructions in the Series B Preferred Stock Certificate Request Notice.
The provisions of this Subsection 8(a) and Subsection 8(d) below, apply to all common shares received by any Note Holder pursuant to a Note Conversion Agreement, a Preferred Stock Exchange Agreement, or a Warrant Exercise Agreement and shares of common stock into which Series J Preferred Stock is converted, which shares of Series J Preferred Stock are received pursuant to the same agreements.
The U.S. Holder’s initial tax basis in the New Common Stock will be equal to its adjusted tax basis in the USEC Preferred Stock Interests minus the fair market value of the New Notes received on the Effective Date plus the amount of any gain recognized by the U.S. Holder on the Preferred Stock Exchange.
Upon delivery of a Series B Preferred Stock Certificate Request Notice, the Corporation shall promptly effect the Series B Preferred Stock Exchange and shall promptly issue and deliver to the beneficial owner a physical Series B Preferred Stock Certificate for such number of shares of Series B Preferred Stock represented by its interest in such global certificates in the name of the beneficial owner.
The Note Holder’s “New Stock” is the common stock received pursuant to this Agreement, any Preferred Stock Exchange Agreement and any Warrant Exercise Agreement of even date herewith, together with the number of common shares into which the Note Holder’s Series J Preferred Stock received by virtue of the same agreements, is convertible.