Examples of Pride Common Stock in a sentence
Each share of Pride's common stock, no par value, (the "Pride Common Stock"), that is owned directly by Pride, by Marine or by their respective subsidiaries immediately prior to the Pride Merger Effective Time shall automatically be canceled and retired and shall cease to exist, and no consideration shall be delivered in exchange therefor.
Each issued and outstanding share of Marine Common Stock (other than shares to be canceled in accordance with Section 4.1(a)) shall be converted into one fully paid and nonassessable share of Pride Common Stock (the "Marine Merger Consideration").
Seahawk Employees who hold, as of the Distribution Date, unvested Pride restricted stock awards (the “Pride RSAs”) shall receive the number of shares of Seahawk Common Stock, free of restrictions, that would have been distributed in the Distribution on a like number of shares of Pride Common Stock covered by the Pride RSA.
One right to purchase Junior Participating Preferred Stock (each, a "Pride Right") issued pursuant to the Rights Agreement, dated as of September 9, 1998 (the "Pride Rights Agreement"), as amended, between Pride and American Stock Transfer & Trust Company is associated with and attached to each outstanding share of Pride Common Stock.
Each issued and outstanding share of Pride Common Stock (including shares of Pride Common Stock issued in the Marine Merger but excluding shares of Pride Common Stock to be canceled in accordance with Section 4.4(a)), shall be converted into one (the "Pride Exchange Ratio") fully paid and nonassessable share of Company Common Stock (the "Pride Merger Consideration").
Section 6.3 of the Pride Disclosure Letter sets forth the number of shares of Pride Common Stock reserved for issuance as of May 18, 2001.
As of May 22, 2001, 73,597,802 shares of Pride Common Stock and no shares of Series A Preferred Stock were outstanding.
All such issued and outstanding shares of Pride Common Stock are duly authorized, validly issued, fully paid, nonassessable and free of preemptive rights.
The only votes of the holders of any class or series of Pride capital stock necessary to approve any transaction contemplated by this Agreement are the affirmative vote in favor of the issuance of shares of Pride Common Stock pursuant to the Marine Merger (the "Pride Issuance") and the adoption of this Agreement of the holders of at least a majority of the Pride Common Stock represented at the Pride Meeting (as hereafter defined) at which a quorum is present.
At the Marine Merger Effective Time, the parties hereto intend to effect a merger in which (i) Marine will be merged with and into Merger Sub, (ii) Merger Sub will be the surviving corporation of the merger and (iii) each outstanding share of Marine Common Stock will be converted into one share of Pride Common Stock.