Common Sock definition
Examples of Common Sock in a sentence
Notwithstanding anything in this Section 2.02(a) to the contrary, by making the representations herein, the Purchaser does not agree to hold any Common Stock purchased hereby for any minimum or other specific term and reserves the right to dispose of any such Common Sock at any time in accordance with or pursuant to a registration statement or an exemption from the registration requirements under the Securities Act.
The Company shall not be required to issue fractions of shares of Common Sock upon exercise of the Warrants or to distribute certificates which evidence such fractional shares.
Liquidated Damages will accrue (1) with respect to a Restricted Security at the rates set forth above, as applicable, on the principal amount of the Restricted Securities and (2) in respect of the Common Sock issued upon conversion of the Restricted Securities, at the rates set forth above, as applicable, applied to the Conversion Price at that time.
The stock certificate evidencing the shares of Parent Common Sock to be issued pursuant to this Section 6.9 shall bear substantially the following legend: THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY APPLICABLE STATE SECURITIES LAWS.
Persons who acquire shares of the Company's Common Sock through the Plan and resell them shortly after acquiring them, including coverage of short positions, under certain circumstances, may be participating in a distribution of securities that would require compliance with Regulation M under the Securities Exchange Act of 1934, as amended, and may be considered to be underwriters within the meaning of the Securities Act of 1933, as amended.
Promus hereby subscribes for and agrees to purchase, from time to time, Common Sock and/or Units in consummation of the Crown Sterling Subscription, subject to the limitations set forth in Section 1(e) below, at the purchase price determined in accordance with Section 2 below.
The Purchaser hereby represents and warrants that upon the Company's issuance to the Purchaser of an additional 11,697,652 shares of Common Stock pursuant to the Company's existing obligations to Purchaser, the Purchaser shall cancel 2,500,000 shares of its Common Sock for no additional consideration and the Company will establish a Stock Incentive Plan with 2,500,000 shares of Common Stock.
A Security shall be deemed to have been converted as of the close of business on the date of the surrender of such Security for conversion as provided above, and the person or persons entitled to receive the Common Sock or other Marketable Securities issuable upon such conversion shall be treated for all purposes as the record Holder or Holders of such Common Stock or other Marketable Securities as of the close of business on such date.
Unless and until a certificate or certificates representing shares of Common Sock shall have been issued to Grantee (or any person acting under Section 5 above), Grantee shall not be or have any of the rights or privileges of a stockholder of the Company with respect to shares of Common Stock acquirable upon exercise of the Option.
The Company will deliver to Executive the certificate representing such Common Sock, and Executive will deliver to the Company a check or wire transfer of funds in an amount equal to $.01 per share and a promissory note substantially in the form of the Executive Note in an aggregate principal amount equal to the remaining purchase price amount.