Examples of Remaining Stockholder in a sentence
Any Remaining Stockholder considering demanding appraisal is advised to consult legal counsel.
The following is a brief summary of the statutory procedures to be followed by a Remaining Stockholder in order to dissent from the Merger and perfect appraisal rights under Delaware law.
Any Remaining Stockholder who has duly demanded appraisal in compliance with Section 262 of the DGCL will not, after the Effective Time, be entitled to vote for any purpose the Shares subject to such demand or to receive payment of dividends or other distributions on such Shares, except for dividends or other distributions payable to stockholders of record at a date prior to the Effective Time.
The following is a brief summary of the statutory procedures to be followed by a Remaining Stockholder in order to perfect appraisal rights under Delaware law.
At the closing of any Transfer of Shares subject to this Clause 17, the Transferring Stockholder, and the Remaining Stockholder, in the event such Tag Along Right is exercised, shall deliver certificates evidencing such securities as have been Transferred by each, duly endorsed, or accompanied by written instruments of transfer in form reasonably satisfactory to the transferee, free and clear of any adverse claim, against payment of the purchase price therefor.
If by such reply notice(s) the Remaining Stockholders collectively accept the offer made by the Selling Stockholder, such reply notice(s) shall constitute an agreement binding on the Selling Stockholder and each such Remaining Stockholder (severally, but not jointly) to sell and purchase the Option Shares at a price per share equal to the Option Price.
For the avoidance of doubt, in the event that any Canadian Investor is not an Approving Investor, such Canadian Investor shall be deemed a Remaining Stockholder for the purposes of this Section 3.14.
In such event, the Transferee Stockholder will be free to dispose of Common Stock in any manner he deems appropriate consistent with relevant law, and neither the Company nor any Remaining Stockholder will have any obligation to purchase the shares of Common Stock.
Each Remaining Stockholder may exercise such right only by giving written notice of exercise to the Affected Stockholder (each, an “Acceptance”), with a copy to the Company, during the Stockholder Option Period.
A Remaining Stockholder’s Acceptance shall specify the number of Affected Shares that such Remaining Stockholder desires to purchase.