Standard Common Stock definition
Examples of Standard Common Stock in a sentence
If Standard Common Stock to be acquired upon exercise of the Option is then authorized for listing on the NYSE or on any other national securities exchange or automated quotation system, Standard will promptly file an application to authorize for listing the shares of Standard Common Stock to be acquired upon exercise of the Option on the NYSE or such other securities exchange or quotation system and will use its best efforts to obtain approval of such listing as soon as practicable.
If for any reason such court or regulatory agency determines that the Option does not permit AANA to acquire, or does not require Standard to repurchase, the full number of shares of Standard Common Stock as provided in Sections 2 and 7, it is the express intention of Standard to allow AANA to acquire or to require Standard to repurchase such lesser number of shares as may be permissible without any amendment or modification hereof.
Subject to the terms and conditions set forth herein, Standard hereby grants to AANA an option (the "Option") to purchase up to 6,209,894 fully paid and nonassessable shares (the "Option Shares") of Standard Common Stock at a purchase price of $52.50 per share (such price, as adjusted if applicable, the "Purchase Price").
As of December 31, 1996, the ESOP had purchased an aggregate of 961,070 shares of Standard Common Stock from Standard which had not been allocated to participant accounts or earned by participants and owed Standard an aggregate of $9,610,700 with respect to such shares.
At the Effective Time, each outstanding stock option to purchase shares of Standard Common Stock (a "Stock Option") granted under either the Standard Financial, Inc.
The aggregate number of Dissenting Shares shall not exceed ten percent (10%) of the outstanding shares of Standard Common Stock on the Effective Date.
The TCF Common Stock to be issued to holders of Standard Common Stock shall have been approved for listing on the NYSE subject to official notice of issuance.
Each Standard Common Stockholder agrees to vote all of his, her or its shares of Standard Common Stock for the removal of any director designated pursuant to Section 2.2(c) upon the request of the party designating such director and for the election to the Board of Directors of a substitute designee by such party in accordance with the provisions of Section 2.2(c).
Accordingly, only for purposes of this Section 2.2, it is understood and agreed that (i) the term "Standard Common Stock" shall include the shares of Standard Common Stock issuable upon conversion of any shares of Preferred Stock at the time of any such vote or determination, and (ii) the term "Standard Common Stockholders" shall include the Preferred Stockholders.
The Option Shares, including all additional shares of Standard Common Stock or other securities which may be issuable pursuant to Section 7 hereof, upon issuance pursuant hereto and payment therefor, shall be duly and validly issued, fully paid and nonassessable, and shall be delivered free and clear of all liens, claims, charges and encumbrances of any kind or nature whatsoever, including any preemptive rights of any stockholder of Standard.