Target Certificate definition
Examples of Target Certificate in a sentence
Subject to the effect, if any, of applicable escheat and other laws, following surrender of any Target Certificate, there will be delivered to the person entitled thereto, without interest, the amount of any dividends and distributions therefor paid with respect to Acquirer Common Stock so withheld as of any date subsequent to the Effective Time and prior to such date of delivery.
Until surrendered as contemplated by this Section 2.2, each Target Certificate shall be deemed at any time after the Effective Time to represent only the right to receive upon such surrender a Buyer Certificate as contemplated by this Agreement.
Upon surrender of a Target Certificate representing shares of Target Preferred Stock to the Exchange Agent, together with such letter of transmittal, duly executed, the holder of such Target Certificate shall be entitled to receive in exchange therefor shares of Acquiror Series C Preferred Shares pursuant to the terms of Section 1.03 and the Target Certificate so surrendered shall be cancelled.
In the event of a transfer of ownership of Target Common Stock which is not registered in the transfer records of Target, a Buyer Certificate representing the proper number of shares of Buyer Common Stock may be issued to a transferee if the Target Certificate representing such Target Common Stock is presented to the Exchange Agent, accompanied by all documents reasonably required to evidence and effect such transfer and by evidence that any applicable stock transfer taxes have been paid.
Al- though these respondents were tech-savvy, they were not security experts, which makes us hopeful that others will also learn the meanings of indicators with sufficient nudges.
A meeting of members or any class thereof may be held by means of such telephone, electronic or other communication facilities and participation in such a meeting shall constitute presence at such meeting.
There are no preemptive rights, rights of first refusal, put or call rights or obligations, or anti-dilution rights with respect to the issuance, sale or redemption of Target's capital stock, nor are there any obligations to repurchase, redeem or otherwise acquire any shares of Target's capital stock, other than as set forth in the Target Certificate of Incorporation and such rights or obligations as are set forth on Section 3.5 of the Target Disclosure Schedule.
Target has heretofore furnished or made available to Purchaser a complete and correct copy of the Target Certificate and the Target By-Laws.
No dividends or other distributions declared or made after the Effective Time with respect to Acquiror Series B Preferred Shares or Acquiror Series C Preferred Shares with a record date after the Effective Time shall be paid to the holder of any Target Certificate with respect to the Acquiror Series B Preferred Shares or the Acquiror Series C Preferred Shares represented thereby until the holder of record of such Target Certificate shall surrender such Target Certificate for exchange as provided herein.
In the event of a dispute with respect to ownership of stock represented by any Target Certificate, Acquiror and the Paying Agent shall be entitled to deposit any Merger Consideration represented thereby in escrow with an independent third party and thereafter be relieved with respect to any claims thereto.