Stock Percentage definition
Examples of Stock Percentage in a sentence
Except as provided in Section 6.2, this Agreement shall terminate (a) with the mutual written agreement of the Company and the Sponsor or (b) immediately following the first date on which the Post Voting Stock Percentage is less than two percent (2%).
If the SSI Stock Percentage is less than 80% and greater than 50% the Merger Sub shall continue after the Merger with all its rights, privileges, powers and franchises unaffected by the Merger and the separate corporate existence of CRA shall cease.
If the SSI Stock Percentage is greater than or equal to 80% or less than or equal to 50%, CRA shall continue after the Merger with all its rights, privileges, powers and franchises unaffected by the Merger and the separate corporate existence of the Merger Sub shall cease.
Subject to Section 2.1(k), the number of shares of LFB Common Stock to be converted into the right to receive HUBCO Common Stock in the Merger (the "Stock Election Number") shall be equal to 51% (the "Stock Percentage") of the number of shares of LFB Common Stock outstanding immediately prior to the Effective Time.
The number of shares of Common Stock reflected by the Stock Percentage ("Consultant's Shares") shall be calculated against all issued and outstanding capital stock or other equity or conversion right in the Company.