Examples of Stockholder Letter of Transmittal in a sentence
The payment to a Company Stockholder of the Stock Closing Payment (less the applicable portion of Stockholder Debt of the Company Stockholder to be netted therefrom) with respect to each share of Company Stock underlying each such certificate is conditioned upon (A) the execution and delivery of the Company Stockholder Letter of Transmittal and (B) the delivery of such certificates related thereto (the “Required Documentation”).
As a condition precedent to each holder’s receipt of the Per Share Merger Consideration or Per Warrant Merger Consideration, as applicable, (A) each Company Stockholder shall deliver an executed Stockholder Letter of Transmittal, and (B) each Warrantholder shall deliver a duly executed and completed Warrant Cancellation Agreement to the Payments Administrator.
At or after the Effective Time, each Stockholder shall surrender to the Paying Agent Certificates, duly endorsed in blank or accompanied by duly executed stock powers, together with a duly executed Stockholder Letter of Transmittal, representing (i) the number of shares of Company Stock held by such holder or (ii) the number of shares of Company Stock represented by the Certificates held by such holder which formerly represented shares of stock of IronPlanet, Inc..
The payment of the Stock Closing Payment with respect to each such certificate(s) is conditioned upon (1) the execution and delivery of such Stockholder Letter of Transmittal, (2) the delivery of such certificates, and (3) the delivery to the Paying Agent of a properly completed and duly executed IRS Form W-9 or IRS Form W-8BEN (or suitable substitute form) establishing an exemption from backup withholding.
On the Closing Date or, with respect to any Certificates that have not been surrendered to the Paying Agent on the Closing Date, within two (2) Business Day after surrender of such Certificates, the Paying Agent shall pay each Stockholder who has surrendered his, her or its Certificates, duly endorsed in blank or accompanied by duly executed stock powers, together with a duly executed Stockholder Letter of Transmittal, the amount of cash to which he, she or it is entitled under Section 2.02.
By executing or approving this Agreement, or by executing and delivering a WinView Stockholder Letter of Transmittal or a WinView Noteholder Letter of Transmittal, each WinView Securityholder shall have irrevocably authorized and appointed the WinView Securityholder Representative as such Person’s representative and attorney-in-fact to act on behalf of such Person in connection with the matters set forth in Section 5.9.
The portion of the Merger Consideration allocated to each Stockholder shall be paid and distributed to such Stockholder by the Exchange Agent as provided in the Stockholder Letter of Transmittal.
UCG has no other securities, warrants or options authorized or issued.
Prior to the Effective Time, the Paying Agent (or if agreed by the Company, the Company) will send to the holders of Company Stock, the Stockholder Letter of Transmittal.