Settlement Stock definition

Settlement Stock means the shares of Common Stock contemplated to be issued in settlement of the pending shareholders' claims against the Company with respect to the litigation styled In re Norand Corporation Securities Litigation, Master File No. C95-323, pending in the United States District Court for the Northern District of Iowa, Cedar Rapids Division.

Settlement Stock means Non-Cumulative Preferred Stock that is perpetual with no prepayment obligation on the part of the issuer thereof, whether at the election of the holders or otherwise.

Settlement Stock means one million (1,000,000) shares of freely tradeable Lumber Liquidators common stock to be transferred in accordance with ¶8 hereof.

Examples of Settlement Stock in a sentence

• The Company shall issue and deliver the Settlement Stock pursuant to Section 1.7 on the relevant Warrant Closing Date.

• Upon receipt of the Settlement Stock in connection with any Cashless Exercise, (i) that amount of Warrants as specified for exercise in the Warrant Exercise Notice shall be deemed exercised and (ii) that amount of cash that would have been paid by the Holder on the relevant Warrant Closing Date if the Holder had not elected Cashless Exercise shall be deemed paid by the Holder and received by the Company.

• In determining whether the limitation described in Section 7 of the Agreement has been reached, computation shall be made based on the number of shares of Settlement Stock actually issued in the case of a Cashless Exercise.

• All costs, including those of Hanover's transfer agent, incurred in issuing and distributing any Settlement Stock to the recipients shall be borne by Hanover.

• On the Effective Date, in full satisfaction of the Dynegy Administrative Claim, the beneficial holder or holders of the Dynegy Administrative Claim shall receive their Pro Rata Share of (i) the Settlement Stock Pool, and (ii) the Warrants.

More Definitions of Settlement Stock

Settlement Stock means Non-Cumulative Preferred Stock that is perpetual with no prepayment obligation on the part of the issuer thereof, whether at the election of the holders or otherwise, is callable at the option of such issuer and either:

Settlement Stock means non-cumulative preferred stock that is perpetual with no prepayment obligation on the part of the issuer thereof, whether at the election of the holders or otherwise, is callable at the option of such issuer and either (i) has a legally binding replacement covenant or (ii) has a replacement capital intention and a mandatory trigger provision.

Settlement Stock means shares of Health Management common stock to be issued by Health Management which shall comprise a part of the Settlement Fund.

Settlement Stock means the 7,000,000 (seven million) shares of Inovio common stock transferred in consideration of the settlement and contribution, if any, pursuant to ¶¶2.3-2.5 below.

Settlement Stock means Two Million (2,000,000) shares of Vari-L common stock, which shall be issued under Section 3(a)(10) of the Securities Act of 1933 exempt from registration, subject to the anti-dilution provisions set forth in Paragraph 2.4 hereof.

Settlement Stock means the shares of common stock, par value $0.01 per share, of AMSC issued in accordance with ¶3.1 below.

Settlement Stock means the shares of CytRx common stock that will be 6 issued and delivered in accordance with ¶ 2.1 below.