Common Capital definition
Examples of Common Capital in a sentence
FOR VALUE RECEIVED, , an individual, hereby irrevocably assigns and conveys to , ( ) shares of the Common Capital Stock of Helmerich & ▇▇▇▇▇, Inc., a Delaware corporation, $.10 par value.
In addition, the Company shall distribute to each Common Member from such Member’s Common Capital Account as promptly as practicable after the end of each fiscal year an amount equal to the excess, if any, of such Common Member’s Proportionate Tax Share for such fiscal year over the aggregate amount of Quarterly Common Tax Distributions made to such Common Member with respect to such fiscal year.
Schedule 5.01 sets forth the names, Common Capital Accounts and Profit Participation Capital Accounts of the Members as of the date hereof.
There shall be established on the books and records of the Company a capital account for each Common Member (a “Common Capital Account”) and a capital account for each Profit Participation Member (a “Profit Participation Capital Account”; any of a Profit Participation Capital Account or a Common Capital Account, a “Capital Account”).
Each certificate representing shares of the Company's Common Capital Stock will bear a customary restrictive legend which states in effect that such shares have not been registered under the Securities Act of 1933 and consequently may not be transferred, assigned, sold or hypothecated unless registered under the Securities Act of 1933 or, in the opinion of Company's counsel, an exemption from the registration requirements of the Securities Act of 1933 is available for such transaction.
Such Schedule shall be deemed to be amended from time to time to reflect any change in the identity, Common Capital Accounts or Profit Participation Capital Accounts in accordance with this Agreement.
Upon execution of this Agreement each Member shall have the Preferred Capital and the Common Capital and shall be deemed to own the number of Preferred Units and Common Units set forth opposite such Member's name on Schedule A.
Each time there is an expansion there shall be a similar re-allotment of Capital Costs and Obligation commitments for Common Capital Components based on the new Water Allocation Table and a reimbursement to existing Project Participants for Capital Costs and Obligation commitments paid for Common Capital Components which benefit the expansion Project Participants.
The number of shares of the Company's Common Capital Stock that each Three Strikes' shareholder shall receive in exchange for his or her shares of Three Strikes' common stock are set forth as an Exhibit and attached hereto.
Each ___________ share of Three Strikes' common stock that shall be outstanding on the Closing Date and held by a Three Strikes shareholder shall be converted into _____________ fully paid and nonassessable shares of the Company's Common Capital Stock; provided, however, that the number of shares of the Company's Common Capital Stock into which shares of Three Strikes' common stock are to converted shall be rounded off to the nearest whole number of shares, and no fractional shares shall be issued.