Stock Deposit definition

Stock Deposit has the meaning set forth in Section 9.8(b).

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Stock Deposit has the meaning ascribed thereto in Section 3(b) of this Agreement.

Stock Deposit means $311,000 USD (being 50% of the estimated Stock Price);

Examples of Stock Deposit in a sentence

• Subject to the foregoing, in the event that the Company issues any rights with respect to Non-Voting Stock, the securities issuable upon any exercise, whether by subscription or otherwise, of such rights by Holders or Beneficial Owners shall be depositary shares representing such Non-Voting Stock issued pursuant to the terms and provisions of the Non-Voting Stock Deposit Agreement.

• The RPS Securityholders Committee shall, and the Participating Securityholders hereby authorize and direct the RPS Securityholders Committee to, use the Cash Deposit to pay and discharge Shared Liabilities (to the extent not required to be satisfied out of the Stock Deposit) in its discretion.

• Prior to the Closing, Parent and the RPS Securityholders Committee shall have mutually agreed upon the selection of an Escrow Agent and to the form and substance of an escrow agreement pursuant to which the Stock Deposit shall be held and disbursed (the “Escrow Agreement”).

• Each Participating Securityholder authorizes and consents to the deduction by Parent from, and hereby directs Parent to deduct from, such Participating Securityholder’s portion of the Merger Consideration an amount of cash equal to such Participating Securityholder’s Proportionate Share of the Cash Deposit and a number of shares of Parent Common Stock equal to such Participating Securityholder’s Proportionate Share of the Stock Deposit.

• If and when there are no remaining shares of Parent Common Stock held in the Stock Deposit, Parent Indemnitees shall have no further recourse against any Target Indemnitors with respect to Section 9.1(a).

• The Stock Deposit shall be the sole and exclusive source for the payment and satisfaction of, and the sole recourse of the Parent Indemnitees with respect to, any obligations of the Target Indemnitors to Parent Indemnitees pursuant to Section 9.1(a).

• If Buyer does not cause such shares attributable to the Stock Deposit, Stock Penalty or Stock Payment or to be registered on or before December 31, 2000, Sellers are entitled to one demand registration of such shares at Buyer's expense.

• The Cash Deposit and the Stock Deposit being herein collectively called the "▇▇▇▇▇▇▇ Money Deposits".

• In the case of clause (B) above, not later than two (2) Business Days following Purchaser’s election to terminate this Agreement, Seller and Purchaser shall execute and deliver joint written instructions to the Escrow Agent to disburse all of the Stock Deposit to Purchaser.

• The Buyer shall then have a period of up to 60 days after the Stock Deposit Date in which to register and sell the Earnout Stock Consideration, such that the Shareholder receives $15,000,000 in net cash proceeds pursuant to the procedures established in Section 2.5.2 below.

More Definitions of Stock Deposit

Stock Deposit means 357,500 shares of Purchaser Stock.

Stock Deposit has the meaning set forth in Section 2.9 of this Agreement.