Examples of APC Common Stock in a sentence
The APC Common Stock which constitutes the Merger Consideration has been duly authorized, and upon consummation of the transactions contemplated by this Agreement, will be validly issued, fully paid and nonassessable.
The authorized capital stock of APC consists of 50,000 shares of common stock, par value $1.00 per share ("APC Common Stock"), of which 42,920 shares are issued and outstanding and all of which are owned by AP.
The shares of APC Common Stock delivered in respect of the shares of Company Common Stock surrendered for exchange therefor in accordance with the terms hereof, shall be deemed to be full satisfaction of all rights pertaining to such shares of Company Common Stock, and there shall be no further registration of transfers on the records of the Surviving Corporation of shares of Company Common Stock which were outstanding immediately before the Effective Time.
No dividends or other distributions declared or made after the Effective Time with respect to APC Common Stock with a record date after the Effective Time will be paid to the holder of any unsurrendered Company Stock Certificate with respect to the shares of APC Common Stock represented thereby until the holder of record of such Company Stock Certificate shall surrender such certificate.
The issued APC Common Stock is validly authorized and issued and fully paid and nonassessable.
Subject to applicable Law, following surrender of any such certificates, there shall be paid to the record holder of the certificates representing whole shares of APC Common Stock issued in exchange therefor, without interest, at the time of such surrender, the amount of dividends or other distributions with a record date after the Effective Time theretofore paid with respect to such whole shares of APC Common Stock.