Examples of Reacquired Shares in a sentence
In addition, the Reacquired Shares are subject to certain voting obligations pursuant to a Stockholders Agreement to which you are a party with the two principal stockholders of the Company.
Reacquired Shares Any shares of Series C Preferred Stock purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof.
In addition,compensation does not include salary reduction contributions described in section 3121(v)(1).(4) Compensation Committee .
You acknowledge that the Reacquired Shares are "restricted securities," are not registered for resale under the Securities Act of 1933, as amended (the "Securities Act"), and, therefore, may only be sold in a private placement to a limited number of qualified purchasers or under Rule 144 ("Rule 144") promulgated by the Securities and Exchange Commission (the "SEC") under the Securities Act in limited quantities and otherwise in compliance with that Rule.
Furthermore, the sale of a significant quantity of the Reacquired Shares in a foreclosure, private placement or market sale could only be made at a significant discount from market, especially since they represent only a minority interest in the Company in which a majority of the outstanding shares of Common Stock are owned by two related stockholders.
Reacquired Shares Any shares of Series A Convertible Preferred Stock which are converted into shares of common stock, or purchased or otherwise acquired by the Corporation in any manner whatsoever shall be retired and cancelled promptly after the acquisition thereof.
The Promissory Note is secured by the Reacquired Shares and an additional 500,000 shares of the Company's Common Stock pursuant to a Security Agreement dated July 22, 2004 between the undersigned and you.
Greenstein 290 N.E. 68th Street 3738 Gulfstream Way Miami, Florida 33138 Davie, Florida 33026 The undersigned hereby agrees to reacquire from you 250,000 shares of Common Stock, $.025 par value per share (the "Reacquired Shares"), of DRYCLEAN USA, Inc.
As a result, the principal amount of the Promissory Note has been reduced to $375,000 and Reacquired Shares are hereby released from the lien created under such Security Agreement (reducing the number of shares of the Company's Common Stock subject to such lien to 500,000 shares).
Such Reacquired Shares may be purchased by any such AP or APCOA management employee at the same price and upon the same terms (including any later adjustment to the price required by Section 4.2 or 4.4 hereof) as the prior purchase by AP and/or Holbxxx xxxsuant to Section 2 or 3 or 4 hereof.