Examples of PTI Common Stock in a sentence
The CVRs shall be issued and distributed by PTI, after the Merger, to the Persons who as of immediately prior to the Effective Time are stockholders of record of PTI or have the right to receive PTI Common Stock as of immediately prior to the Effective Time, as contemplated by the Merger Agreement.
All of the outstanding shares of PTI Common Stock have been duly authorized and validly issued, and are fully paid and nonassessable.
PTI shall submit to the holders of PTI Common Stock at the PTI Stockholders’ Meeting a proposal to approve and adopt an amendment to the PTI Certificate of Incorporation to authorize the PTI Board of Directors to effect a reverse stock split of all outstanding shares of PTI Common Stock at a reverse stock split ratio in the range mutually agreed to by PTI and the Company (the “Reverse Split”).
PTI represents and warrants that the holding period, as determined by Rule 144(d)(3)(iii) enacted under the Securities Act of 1933, as in effect on the date hereof (the "Holding Period"), for any shares of PTI Common Stock acquired by Physician pursuant to Section 2.4(c) of the Master Transaction Agreement commences on the Closing Date.
The PTI Common Stock to be issued in connection with the Merger will, when issued in accordance with the provisions of this Agreement, be validly issued, fully paid and nonassessable.
None of the outstanding shares of PTI Common Stock is entitled or subject to any preemptive right, right of participation, right of maintenance or any similar right.
The PTI Common Stock constituting the Acquisition Consideration has been duly authorized and, when issued and delivered against receipt of the Exchangeable Shares exchanged therefor pursuant to this Agreement, will be duly authorized, validly issued, fully paid and non-assessable and free of preemptive rights of any security holder of PTI.
All of the issued and outstanding shares of PTI Common Stock are, and all shares of PTI Common Stock to be issued pursuant to the transactions described in Article 2 of this Master Transaction Agreement will be, validly issued, fully paid and non-assessable.
You will furnish a weekly report concerning the number of certificates formerly representing PTI Common Stock and the total funds disbursed to Minority Shareholders by telecopy to: Pacific Telecom, Inc.
In the event that any certificates theretofore representing PTI Common Stock, Letters of Transmittal or other documents are surrendered to you for payment after termination of this Agreement, you will promptly forward such documents to the Surviving Corporation or as Holdings may direct.