Examples of Remaining Stock in a sentence
Xxxx and Xxxxxxx have the right to manage the daily operations of Trans-Mex until fully marketable, registered voting shares of Swift Stock are delivered to Shareholders for the Remaining Stock.
If for any reason, the Mexican Government prohibits Swift's acquisition of the Remaining Stock irrespective of Swift's right to be grandfathered under the current Foreign Investment Law, Swift shall not be obligated to acquire the Remaining Stock.
The value of the Swift Stock to be exchanged for the Remaining Stock at each Triggering Event, as and when such Remaining Stock is transferable to Swift under provisions of the Foreign Investment Law, shall equal the average closing price of Swift Stock for the five (5) business days immediately preceding the day of each Triggering Event, as such closing prices are reported in the Wall Street Journal.
Xxxx and Xxxxxxx, as well as two designated representatives from Swift, shall constitute the Board of Directors (or equivalent under Mexican law) of Trans-Mex until all Remaining Stock is acquired by Swift.
Except as otherwise permitted hereunder, Swift shall cause no additional stock in Trans-Mex to be authorized or issued by Trans-Mex to any Person and Swift shall not sell, assign, pledge, hypothecate or otherwise dispose f any stock in Trans-Mex until (i) Swift has acquired all Remaining Stock, and (ii) Shareholder have received all fully marketable, registered, voting common shares of Swift Stock to which they are entitled under this Agreement.