Examples of Preferred Stock Exchange Offer in a sentence
Unlegended Series B Senior Preferred Stock may be issued in exchange for Series A Senior Preferred Stock pursuant to a Preferred Stock Exchange Offer.
The Preferred Stock Exchange Offer shall not be subject to any conditions, other than that the Preferred Stock Exchange Offer, or the making of any exchange by a Holder, does not violate applicable law or any applicable interpretation of the Staff of the SEC.
You shall receive all tenders of the Old Preferred Stock and determine whether each such tender has been made in accordance with the procedures set forth in the Prospectus relating to the Preferred Stock Exchange Offer dated , 1998 (the "Prospectus") and the Letter of Transmittal described therein (the "Letter of Transmittal"), subject to the right of the Company to determine the validity of any tender, as described in the Prospectus.
The Company shall inform the Initial Purchasers of the names and addresses of the Holders to whom the Preferred Stock Exchange Offer is made, and the Initial Purchasers shall have the right to contact such Holders and otherwise facilitate the tender of Registrable Preferred Stock in the Preferred Stock Exchange Offer.
As soon as practicable after , 1998 and after each period of extension of the Preferred Stock Exchange Offer, you shall complete and countersign the certificates for New Preferred Stock to which holders who have tendered their New Preferred Stock are entitled, and deliver the New Preferred Stock in the manner requested in the Letter of Transmittal relating to a valid tender, but only upon receipt by you of oral or written notice from Xxx X.
In this connection, the Company has enclosed the Exchange Documents (as defined below) and certified copies of resolutions of the Company's Board of Directors approving the Preferred Stock Exchange Offer and authorizing the officers of the Company to enter into this Agreement and to carry out the transactions contemplated by the Preferred Stock Exchange Offer.
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Any shares of Preferred Stock validly withdrawn will not have been validly tendered for purposes of the Preferred Stock Exchange Offer unless the shares of Preferred Stock so withdrawn are validly re-tendered.
At the request of the Company, you shall notify tendering holders of the Old Preferred Stock in the event of any rescission or modification of the Preferred Stock Exchange Offer.
You will hold all items which are deposited for tender with you after 12:00 a.m., New York City time, on the date the Preferred Stock Exchange Offer expires pending further instructions from an officer of the Company.