Interim Common Stock Sample Clauses

Interim Common Stock. Each share of Interim Common Stock which is issued and outstanding immediately prior to the Effective Time shall be converted automatically and without any action on the part of the holder thereof into an equal number of issued and outstanding shares of common stock of the Surviving Corporation.
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Interim Common Stock. Upon consummation of the Merger, all shares of Interim shall convert into 100 shares American Common Stock.
Sample 1
Interim Common Stock. At the Effective Time, the shares of the common stock, par value $1.00 per share, of Interim issued and outstanding immediately prior to the Effective Time shall automatically by operation of law be converted into and shall become (i) the number of shares of Bank Common Stock that equals, in the aggregate, the number of shares of Bank Common Stock issued and outstanding immediately prior to the Reorganization that were not held by a subsidiary of the Bank, plus (ii) the number of shares of the Noncumulative Preferred Stock, Series 1997-A, par value $1.00 per share, of the Bank (the "Bank Series 1997-A Preferred Stock") equal, in ---------------------------------- the aggregate, to the number of shares of Bank Preferred Stock issued and outstanding immediately prior to the Effective Time, so that, from and after the Effective Time, all of the issued and outstanding shares of Bank Common Stock (other than shares of Bank Common Stock held by a subsidiary of the Bank) and Bank Series 1997-A Preferred Stock shall be held by the Holding Company. The Bank Series 1997-A Preferred Stock shall have the rights, preferences and other terms set forth in the form of Supplementary Charter Section of the Bank attached as Exhibit B hereto. ---------
Sample 1
Interim Common Stock. The share of Interim Common Stock issued and outstanding immediately prior to the Effective Time shall be converted into 451,105 shares of the Bank Common Stock, which shares of Bank Common Stock shall remain issued and outstanding after the Merger.
Sample 1
Interim Common Stock. At the Effective Time, the shares of the common stock, par value $1.00 per share, of Interim issued and outstanding immediately prior to the Effective Time shall automatically by operation of law be converted into and shall become (i) the number of shares of Bank Common Stock that equals, in the aggregate, the number of shares of Bank Common Stock issued and outstanding immediately prior to the Reorganization that were not held by a subsidiary of the Bank, plus (ii) the number of shares of the Noncumulative Preferred Stock, Series 1997-A, par value $1.00 per share, of the Bank (the "Bank Series 1997-A Preferred Stock") equal, in the aggregate, to the number of shares of Bank Preferred Stock issued and outstanding immediately prior to the Effective Time, so that, from and after the Effective Time, all of the issued and outstanding shares of Bank Common Stock (other than shares of Bank Common Stock held by a subsidiary of the Bank) and Bank Series 1997-A Preferred Stock shall be held by the Holding Company. The Bank Series 1997-A Preferred Stock shall have the rights, preferences and other terms set forth in the form of Supplementary Charter Section of the Bank attached as Exhibit B hereto. 2.1.7.
Sample 1
Interim Common Stock. The shares of Interim shall be canceled as a result of the Merger.
Sample 1

Related to Interim Common Stock

  • Merger Sub Common Stock At the Effective Time, each share of common stock, par value $0.01 per share, of Merger Sub (“Merger Sub Common Stock”) issued and outstanding immediately prior to the Effective Time shall be automatically converted into one fully paid and nonassessable share of common stock, par value $0.01 per share, of the Surviving Corporation.

  • Common Stock 1 Company........................................................................1

  • Class A Common Stock Subject to applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock having a preference over or the right to participate with the Class A Common Stock with respect to the payment of dividends and other distributions in cash, stock of any corporation or property of the Corporation, the holders of Class A Common Stock shall be entitled to receive ratably, taken together as a single class, in proportion to the number of shares held by each such stockholder such dividends and other distributions as may from time to time be declared by the Board in its discretion out of the assets of the Corporation that are by law available therefor at such times and in such amounts as the Board in its discretion shall determine.

  • Parent Common Stock At and after the Effective Time, each share of Parent Common Stock issued and outstanding immediately prior to the Effective Time shall remain an issued and outstanding share of common stock of the Surviving Corporation and shall not be affected by the Merger.

  • Common Shares 4 Company...................................................................................... 4

  • Class B Common Stock 2 Closing........................................................................5

  • Ordinary Shares The Ordinary Shares included in the Units have been duly authorized and, when issued and delivered against payment for the Offered Securities by the Underwriters pursuant to this Agreement and registered in the Company’s register of members, will be validly issued, fully paid and non-assessable. The holders of such Ordinary Shares are not and will not be subject to personal liability by reason of being such holders; such Ordinary Shares are not and will not be subject to any preemptive or other similar contractual rights granted by the Company.

  • Company Common Stock “Company Common Stock” shall mean the Common Stock, par value $0.001 per share, of the Company.

  • Company Stock The Certificates and stock powers, duly endorsed, transferring the Company Stock to Subsidiary and the officer and director resignations required in Section 4.6;

  • Purchaser Common Stock Each share of common stock, par value $0.001 per share, of the Purchaser (the “Purchaser Common Stock”) issued and outstanding immediately prior to the Effective Time shall be converted into and become one newly and validly issued, fully paid and nonassessable share of common stock of the Surviving Corporation.

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