Examples of WorldPort Common Stock in a sentence
Upon dxxxxxxy xx XxxxxPort of the WWC Financial Statements the Escrow Agent shall deliver to the WWC Shareholder a certificate or certificates representing 500,000 shares of WorldPort Common Stock.
The following Shares shall not be converted into the right to receive the Per Share Amount at the Effective Time: (i) shares of WorldPort Common Stock owned by the Company, or any wholly owned subsidiary of the Company, or held by WorldPort, all of which shall be canceled; and (ii) Dissenting Shares (as defined below).
The WWC Shareholder represents and warrants that he has no present plan, intention or arrangement to sell, transfer or otherwise dispose of any shares of WorldPort Common Stock to be received in the Merger.
Heico may designate other holders of WorldPort Common Stock to contribute such stock to the Company in exchange for a portion of the Company Shares to be issued to Heico, provided that such persons become parties to this Agreement as "Securityholders" and shall thereafter be considered part of the Heico Interests.
Each holder of such Dissenting Shares will be entitled to receive payment of the appraised value of such WorldPort Common Stock in accordance with the provisions of Section 262 of the DGCL unless and until such holder fails to perfect or effectively waives, withdraws or loses his or her rights to appraisal and payment under the DGCL.
In the event the WWC Financial Statements are not delivered to WorldPort within forty five (45) days after the Closing, the Escrow Agent shall return 500,000 shares of the WorldPort Common Stock to WorldPort for cancellation.
If, after the Effective Time, any such holder fails to perfect or effectively waives, withdraws or loses such right, such WorldPort Common Stock will thereupon be treated as if they had been converted into and have become exchangeable for, at the Effective Time, the right to receive the Merger Consideration, without any interest or dividends thereon.
Upon the Company acquiring shares of WorldPort Common Stock pursuant to the Offer, the Company, Heico and JOHCM shall take all necessary and appropriate action to cause the Merger to become effective as soon as practicable.
WorldPort shall deliver the 1,400,000 shares of WorldPort Common Stock to OTC Stock Transfer, Inc.
All WWC Shares, when so converted, shall no longer be outstanding and shall automatically be canceled and retired and each holder of a stock certificate representing any WWC Shares shall cease to have any rights with respect thereto, except the right to receive WorldPort Common Stock and the Cash and Note Payment described below, and any cash, without interest, in lieu of fractional shares to be issued or paid in consideration therefor upon the surrender of such stock certificate.