Examples of Sponsor Common Stock in a sentence
The number of Sponsor Stock Units or TD Bank Stock Units (as applicable) so credited will equal (i) the product of (A) the dividend per share of Sponsor Common Stock or TD Bank Common Stock (as applicable) times (B) the number of Sponsor Stock Units or TD Bank Common Stock Units (as applicable) in the Participant’s Common Stock Sub-Account immediately before the dividend is issued, divided by (ii) the applicable Price per Share on the dividend date.
Sponsor Stock Units do not constitute shares of Sponsor Common Stock, interests in Sponsor Common Stock or any other security of the Company.
A Participant’s Common Stock Sub-Account shall be credited with additional Sponsor Stock Units on every date the Sponsor issues a dividend with respect to its Sponsor Common Stock, and with additional TD Bank Stock Units on every date TD Bank issues a dividend with respect to its TD Bank Common Stock.
To the extent applicable, each Lender, on behalf of itself, agrees that it will deliver, substantially simultaneously with the Business Combination, with respect to its allocation of Sponsor Common Stock, a duly-executed joinder to the Escrow Agreement (or similar agreement) substantially in the form to be agreed upon by and between the parties to the Escrow Agreement.
Each Lender, on behalf of itself, agrees that it will deliver, substantially simultaneously with the closing of the Business Combination, with respect to its allocation of the Sponsor Common Stock, a duly-executed copy of any applicable registration rights agreement(s).
Each Lender, on behalf of itself, agrees that it will deliver, substantially simultaneously with the closing of the Business Combination, with respect to its allocation of Sponsor Common Stock, a duly-executed copy of any lock-up or similar agreement in the form to be agreed upon by and between the Company (or its successor) and the investors in the PIPE Closing.
In furtherance of the foregoing, no fractional shares of Sponsor Common Stock shall be transferred hereunder.
To the extent applicable, each Lender, on behalf of itself, agrees that it will deliver, substantially simultaneously with the closing of the Business Combination, with respect to its allocation of the Sponsor Common Stock, a duly-executed joinder to the Insider Letter Agreement (or similar agreement) substantially in the form to be agreed upon by and between the parties to the Insider Letter Agreement.
Each of the Lenders further acknowledges that the terms and conditions associated with the Sponsor Common Stock, including without limitation forfeitures, lock-ups, other restrictions, limitations and/or conditions, are subject to negotiations between and among the Company, business combination target entities and affiliates, and the Sponsors, and may change from the proposal described in the foregoing sentence.
In consideration for the rights and licenses granted by Buck to Sponsor herein, Sponsor shall, within thirty (30) days of the Effective Date and subject to Buck’s execution and delivery to Sponsor of a Stock Purchase Agreement in substantially the form attached hereto as Exhibit B, issue to Buck Three Hundred Ninety Thousand (390,000) shares of Sponsor Common Stock promptly following the Effective Date.