Examples of AIMCO Common Stock in a sentence
All outstanding shares of AIMCO Common Stock and AIMCO Preferred Stock are validly issued, fully paid and nonassessable and are not subject to preemptive rights.
Each share of Class E Preferred Stock will automatically convert to one share of AIMCO Common Stock upon the payment of the special dividend thereon.
As such, for the purpose of preparing the pro forma financial statements, AIMCO's management believes that the Class E Preferred Stock is substantially the same as AIMCO Common Stock, and that the fair value of the Class E Preferred Stock approximates the fair value of the AIMCO Common Stock.
AIMCO shall cause all such shares of AIMCO Common Stock issued pursuant to the Merger to be duly authorized, validly issued, fully paid and nonassessable and not subject to preemptive rights.
Upon the payment of the special dividend on the Class E Preferred Stock and the conversion of the Class E Preferred Stock to AIMCO Common Stock, the former IFG stockholders will own approximately 15.0% of the AIMCO Common Stock and the IPT stockholders will own approximately 7.3% of AIMCO Common Stock.
The approval of this Agreement, the Merger and the other transactions contemplated hereby, including without limitation, the issuance and listing on the NYSE of the AIMCO Common Stock to be issued in the Merger, does not require the vote of the holders of any class or series of the capital stock of AIMCO or any of its Subsidiaries.
Upon consummation of the Merger and issuance of shares of AIMCO Common Stock which comprise all or a part of the Merger Consideration, all such shares will be validly issued, fully paid and nonassessable and will not be subject to preemptive rights.
Appropriate procedures shall be established by AIMCO and the Paying Agent so that each holder of a Certificate at the Effective Time shall be entitled to vote on all matters subject to the vote of holders of AIMCO Common Stock with a record date on or after the date of the Effective Time, whether or not such Certificate holder shall have surrendered Certificates in accordance with the provisions of this Agreement.
If the Merger Consideration is to be comprised in whole or in part of AIMCO Common Stock, IPT shall have received a certificate signed by the President of AIMCO, dated as of the Closing Date, to the effect that, to the best of such officer's knowledge, the conditions set forth in Sections 7.2(b) and (c) have been satisfied.
Shares of AIMCO Common Stock issued in the Merger shall be issued as of, and be deemed to be outstanding as of, the Effective Time.