Seller Shares definition

Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

Seller Shares has the meaning set forth in the recitals hereof.

Seller Shares as defined in the Recitals of this Agreement.

Examples of Seller Shares in a sentence

• The Purchaser agrees not to sell or otherwise transfer the Seller Shares unless they are registered under the Securities Act and any applicable state securities laws, or an exemption or exemptions from such registration are available.

• The Seller shall sell, transfer, convey and deliver unto the Purchaser the Seller Shares, and the Purchaser shall acquire and purchase from the Seller the Seller Shares.

• The Purchaser has knowledge and experience in financial and business matters such that it is capable of evaluating the merits and risks of acquiring the Seller Shares.

• All outstanding Seller Shares have been duly authorized and are validly issued, fully paid and non-assessable, and were not issued in violation of the preemptive rights of any person.

• After the date of this Agreement, Seller shall coordinate with Buyer the payment of any dividends authorized under Section 5.01(b)(iv) and the record date and payment dates relating thereto, it being the intention of the parties hereto that the holders of Seller Shares (who will become holders of Buyer Shares following the Closing) shall not receive two dividends, or fail to receive one dividend, from Seller and/or Buyer for any single calendar quarter.

More Definitions of Seller Shares

Seller Shares shall have the meaning specified in Section 4.4(d).

Seller Shares and “Seller Share” — Preamble “Seller Stock Options” — Section 2.02(a)

Seller Shares has the meaning assigned to such term in Section 3.4(a).

Seller Shares means Common Stock, $0.01 par value, of Seller.

Seller Shares means the Series A Common Shares, par value $1.00 per share, and the Common Shares, par value $1.00 per share, of Seller (“Seller Common Stock”).

Seller Shares the Existing Common Stock, the Existing Class B Common Stock, the Existing Series A Preferred Stock, and the Existing Series C Preferred Stock, as such terms are defined in the Recapitalization Agreement.

Seller Shares and “Seller Share” — Preamble