Blank Check definition
Examples of Blank Check in a sentence
The REIT and the Manager expressly acknowledge and agree that, concurrent with this Agreement, the Manager is entering into the Sub-Management Agreement, dated as of even date herewith, by and among the Manager, ▇▇▇▇▇▇ ▇▇▇▇ Blank Check LLC (“▇▇▇▇▇▇ ▇▇▇▇”), and ▇▇▇▇▇▇▇ ▇.
Subject to applicable Law and the preferential rights, if any, as to dividends of the holders of any shares of Preferred Stock at the time outstanding and to the rights, if any, as to dividends of any shares of Blank Check Common Stock at the time outstanding, the holders of shares of Common Stock shall be entitled to receive, when, as and if declared by the Board, out of assets of the Corporation legally available therefor, such dividends as may be declared from time to time by the Board.
Except as otherwise required by applicable Law and subject to any Preferred Stock Designation or any Blank Check Common Stock Designation, any director may be removed from office at any time, but only for cause and only by the affirmative vote of the holders of at least 80% of the voting power of the then issued and outstanding shares of capital stock of the Corporation entitled to vote in the election of directors.
Unless otherwise required by Law, and subject to any Preferred Stock Designation or any Blank Check Common Stock Designation, any vacancy on the Board that results from an increase in the number of directors may be filled by a majority of the Board then in office, provided that a quorum is present, and any other vacancy occurring on the Board may be filled by a majority of the Board then in office, even if less than a quorum, or by a sole remaining director.
Except as required by a Blank Check Common Stock Designation or applicable Law, holders of Blank Check Common Stock shall not be entitled to vote at or receive notice of any meeting of stockholders.
PLLC E-mail: ▇▇▇▇▇.▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇ If to the Sub-Manager: ▇▇▇▇▇▇ ▇▇▇▇ Blank Check LLC ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇▇ ▇.
See "ITEM 5, DIRECTORS, EXECUTIVE OFFICERS, PROMOTORS AND CONTROL PERSONS--Current Blank Check Companies." The Certificate of Incorporation of the Company provides that the Company may indemnify officers and/or directors of the Company for liabilities, which can include liabilities arising under the securities laws.
From and after the date of the first meeting of the Board following the Listing, the directors (other than those directors elected by the holder of any series of Preferred Stock provided for or fixed pursuant to a Preferred Stock Designation or a Blank Check Common Stock Designation) shall be divided into three classes, designated Class I, Class II and Class III.
At the Closing (after giving effect to the Certificate of Amendment), the authorized capital stock of the Company will consist of 20,000,000 shares of Class A Common Stock, those securities described in clauses (B) through (F) of the preceding sentence, 2,633,333 shares of Blank Check Preferred Stock, of which no shares will be outstanding, and 4,166,667 shares of Preferred Stock, of which 4,166,667 shares will be outstanding (assuming the exercise of all Rights).
The authorized capital stock of the Company consists of (i) 18,000,000 shares of Common Stock, par value $0.001 per share; (ii) 1,250,000 shares of Series A Preferred Stock, par value $0.001 per share; (iii) 625,000 shares of Series B Preferred Stock, par value $0.001 per share; (iv) 120,000 shares of Series C Preferred Stock, par value $0.001 per share; and (v) 5,000 shares of one or more series of Preferred Stock (the "Blank Check Preferred Stock").