Versant Common Stock Sample Clauses

Versant Common Stock. Each issued and outstanding share of common stock par value $1.00 per share, of Versant (“Versant Common Stock”) shall be converted into and become: (i) 265.957446809 validly issued, fully paid and nonassessable shares of Series B Preferred Stock, par value $0.01 per share, of Parent (the “Series B Preferred Stock”); and (ii) 54.404255319 validly issued, fully paid and nonassessable shares of Series C Preferred Stock, par value $0.01 per share, of Parent (the “Series C Preferred Stock” together with the Series B Preferred Stock, the “Parent Preferred Stock”). As of the Effective Time, all shares of Versant Common Stock shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of shares of Versant Common Stock immediately prior to the Effective Time shall cease to have any rights with respect thereto, except the right to receive upon the surrender of such certificates evidencing such shares, certificates representing the shares of Parent Preferred Stock, and cash in lieu of fractional shares of Parent Preferred Stock as provided in Section 2.05 hereof. All shares of Parent Preferred Stock issued in exchange for Versant Common Stock in connection with the Merger shall be deemed to have been issued on the dates set forth on Exhibit A, such dates being the dates the equivalent securities constituting the Versant-Owned Reliant Equity were issued.
Sample 1
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Related to Versant Common Stock

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

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

  • 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;

  • 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.

  • Changes in Common Stock or Preferred Stock If, and as often as, there is any change in the Common Stock or the Preferred Stock by way of a stock split, stock dividend, combination or reclassification, or through a merger, consolidation, reorganization or recapitalization, or by any other means, appropriate adjustment shall be made in the provisions hereof so that the rights and privileges granted hereby shall continue with respect to the Common Stock or the Preferred Stock as so changed.

  • 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.

  • Shares The term “

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