AJ Stock definition
Examples of AJ Stock in a sentence
Declared or paid any dividend on shares of A&J Stock or made any other distribution of assets to the holders thereof.
On the Effective Date, Synagro shall surrender the outstanding certificate theretofore representing shares of Sub Corp Common Stock to A&J, A&J will cancel the certificates representing the Sub Corp Common Stock, and shall receive in exchange therefor a certificate or certificates representing the number of whole shares of A&J Stock into which the shares of Sub Corp Common Stock theretofore represented by the certificate so surrendered shall have been converted as aforesaid.
The authorized capitalization of A&J consists of 100 shares of A&J Stock, all of which are issued and outstanding and all of which are held beneficially and of record by the Shareholder.
All issued and outstanding shares of A&J Stock are validly issued, fully paid and non-assessable.
On the Effective Date, each share of Sub Corp Common Stock then issued and outstanding, without any action on the part of the holder thereof (and after giving effect to the conversion in the merger of all then outstanding shares of capital stock of A&J into capital stock of Synagro and/or other consideration herein provided for) shall automatically become and be converted into one-tenth of one fully paid and nonassessable share of issued and outstanding A&J Stock.