Examples of BE Stock in a sentence
As of February 23, 2001, there were issued and outstanding 26,003,203 shares of BE Stock.
Each holder of BE Stock is entitled to one vote per share of BE Stock owned by such holder.
When issued to the Shareholders, the shares of BE Stock, so issued will be duly authorized, validly issued, fully paid and nonassessable and free and clear of any Liens other than normal restrictions under federal or state securities law.
The authorized BE Stock consists of 50,000,000 authorized shares at $.01 par value per share.
As to all of the BE Stock received by the Shareholders or held in Escrow not theretofore sold in the Public Offering, the Company shall have the right at any time to terminate or withdraw any registration initiated by it and to elect, at its sole option by giving written notice to the Shareholders and the Escrow Agent, to repurchase all unsold shares of BE Stock held by any Shareholder or the Escrow Agent.
When issued to the Shareholders, the shares of BE Stock so issued will be duly authorized, validly issued, fully paid and nonassessable and not subject to preemptive rights.
The Company desires to acquire the Xxxxx Shares from the Shareholders, and the Shareholders desire to transfer the Xxxxx Shares to the Company in exchange for shares of BE Stock (as defined in Section 1).
The Company has no liability or obligation to pay any fees or commissions to any broker, finder or agent with respect to the transactions contemplated by this Agreement for which the Shareholders could become liable or obligated, except to the extent the Company is obligated to pay underwriter discounts and commission with respect to sale of BE Stock for certain Persons.
If all unsold shares of BE Stock are not theretofore paid for by the Company, then during the week of August 26, 2001, each Shareholder may require the Company to purchase any or all of the unsold shares of BE Stock for an amount equal to the BE Closing Price multiplied by the number of shares that the Shareholder requires that the Company purchase, plus an amount, as interest, that would accrue at the rate of 8% per annum from the Closing Date to the 180th day after the Closing Date.
Such interest shall continue to accrue until the earlier of the date all shares of BE Stock held by the Shareholders and the Escrow Agent are sold to the public or are repurchased by the Company pursuant to Sections 2.5(b) or (c).