Examples of Xxxxxx Capital Stock in a sentence
All shares of Xxxxxx Capital Stock that are owned by Xxxxxx as treasury stock and any shares of Xxxxxx Capital Stock owned by Parent or Xxxxxx Merger Sub automatically shall be cancelled and retired and shall cease to exist and no consideration shall be delivered in exchange therefor.
All such shares of Xxxxxx Capital Stock shall no longer be outstanding and shall be cancelled and retired automatically and shall cease to exist, and each holder of a certificate representing any such shares of Xxxxxx Capital Stock shall cease to have any rights with respect thereto, except the right to receive the Xxxxxx Exchange Ratio per share of Xxxxxx Capital Stock, upon the surrender of such certificate in accordance with Section 11.5, without interest.
For purposes of this Agreement, the term "Xxxxxx Exchange Ratio" means, subject to adjustment in accordance with Section 11.1, the ratio that results from dividing (x) Six Hundred Four Thousand Seven Hundred Ninety Dollars ($604,790) by (y) the product of (1) the Average Pre-Closing Price of Parent Common Stock and (2) the total number of shares of Xxxxxx Capital Stock outstanding.
Without limiting the generality of the foregoing, nothing in this Agreement shall preclude Holder from exercising full power and authority to vote in Holder’s sole discretion for or against any proposal submitted to a vote of the holders of Xxxxxx Capital Stock to approve any payment that would, in the absence of such approval, constitute a parachute payment under Section 280G of the Internal Revenue Code of 1986, as amended.
Until surrendered in accordance with this Agreement, each Certificate for Xxxxxx Capital Stock will represent the Per Share Merger Consideration (as adjusted in accordance with Section 2.2(a)(ii)) into which the shares of Xxxxxx Capital Stock represented thereby have been converted.
All of the issued and outstanding shares of Xxxxxx Capital Stock are, and all of the shares of Xxxxxx Common Stock to be issued in exchange for shares of First Mariner Common Stock and First Mariner Series A Preferred Stock upon consummation of the Merger, when issued in accordance with the terms of this Agreement, will be, duly and validly issued and outstanding and fully paid and nonassessable under the MGCL.
If you choose to respond, you may return this to MHEC through your attorney or directly to TitleIXproceedings.MHEC@maryland.gov.
Holders of not more than 10% of the outstanding Xxxxxx Capital Stock shall have exercised statutory rights of dissent and appraisal pursuant to the TBL.
For purposes of this Agreement, the term "Xxxxxx Exchange Ratio" means, subject to adjustment in accordance with Section 11.1, the ratio that results from dividing (x) Four Million Five Hundred Twenty-Five Thousand One Hundred Eighty Dollars ($4,525,180) by (y) the product of (1) the Average Pre-Closing Price of Parent Common Stock and (2) the total number of shares of Xxxxxx Capital Stock outstanding.
Whether or not a Certificate for Xxxxxx Capital Stock is surrendered, after the Effective Date it will not represent any interest in the Resulting Institution other than the right to receive the Per Share Merger Consideration (as adjusted in accordance with Section 2.2(a)(ii)).