NYB Common Stock Sample Clauses
The 'NYB Common Stock' clause defines the terms and conditions governing the issuance, ownership, and rights associated with common stock designated as NYB within an agreement. This clause typically outlines the number of shares authorized, voting rights, dividend entitlements, and any transfer restrictions that may apply to holders of NYB Common Stock. By clearly specifying these details, the clause ensures that all parties understand their rights and obligations regarding this class of equity, thereby reducing ambiguity and potential disputes related to share ownership and corporate governance.
NYB Common Stock. The shares of NYB Common Stock to be issued pursuant to this Agreement, when issued in accordance with the terms of this Agreement, will be duly authorized, validly issued, fully paid and non-assessable and subject to no preemptive rights.