Examples of ACT Common Stock in a sentence
Upon each change to the Current ACT Common Stock Equivalent ACT and the Holders jointly shall deliver to Trustee a certificate setting out the new Current ACT Common Stock Equivalent.
Any written materials to be distributed by the Trustee to the Holders pursuant to this Agreement shall be delivered or sent by mail (or otherwise communicated in the same manner as ACT utilizes in communications to Holders of ACT Common Stock) to each Holder at its address as shown on the books of ACTsub or the transfer agent, as applicable.
The Trustee shall mail or otherwise send to each Holder, at the expense of ACT, copies of all such materials (and all materials specifically directed to the Holders or to the Trustee for the benefit of the Holders by ACT) received by the Trustee from ACT at the same time as such materials are first sent to Holders of ACT Common Stock.
Any share of ACT Common Stock owned by or held for the account of ACT shall be deemed not to be outstanding for the purpose of any such computation.
Subject always to the foregoing provisions of this Article VII Vendors shall have "piggy-back" rights in relation to their shares of ACT Common Stock in respect of any underwritten public offering of ACT Common Stock (other than offerings in connection with stock options and/or benefit plans) and subject always to any limitations imposed by the underwriter to such offerings at the underwriter's discretion.
Notwithstanding Section 7.4 and provided always that the proposed transfer does not infringe any applicable US securities laws, Buyer will not unreasonably withhold or delay its consent to the transfer of any shares of ACT Common Stock by any of the Vendors to a Permitted Transferee.
As an example, the original Principal Amount would be convertible into 1,666,666,667 shares of ACT Common Stock.
The Company’s obligations under this Note, and the Principal Amount and accrued interest thereon, shall be subject to set-off as provided in Section 11.7 of the Stock Purchase Agreement, provided that the Company shall provide ten (10) business days prior written notice to Holder of any such set-off after the receipt of which the Holder shall have ten (10) business days to elect to convert all or any part of the principal portion of such set-off into shares of ACT Common Stock pursuant to Section 7(a).
At the Closing, Buyer will deliver a certificate representing 562.5 shares of Series D Stock initially convertible into 4.5% of the total issued and outstanding ACT Common Stock (on a fully diluted basis) to Mx. Xxxxxxxx.
On the Closing Date, there will be no holder of ACT Common Stock who is not a party to this Agreement as a Shareholder.