Examples of CPEX in a sentence
The Class C Certificates and Class C-PEX Component will each evidence ownership of a specified portion from time to time of the Class C Regular Interest.
Upon the distribution of CPEX shares, Bentley stockholders will own 100% of the common stock of CPEX.
The “present fair saleable value” of the assets of the Company and CPEX, as applicable, exceed the value of each company’s respective liabilities, including all contingent and other liabilities, by an amount that is greater than each respective stated capital amount (pursuant to Section 154 of the Delaware General Corporation Law).
Stockholder approval of the distribution is not required, and you are not required to take any action to receive your CPEX common stock.
These agreements do not include executive compensation costs which are expected to be provided to CPEX under a services agreement with Bentley subsequent to the spin-off transaction.Table of Contents CRITICAL ACCOUNTING POLICIES Certain of our accounting policies are particularly important to the portrayal of our financial position, results of operations and cash flows and require the application of significant judgment by our management; as a result they are subject to an inherent degree of uncertainty.
Following the distribution, you will own shares in both Bentley and CPEX.
The “present fair saleable value” of the assets of each of Bentley and CPEX, as applicable, exceeds (a) the amount that will be required to pay its respective liabilities, including all contingent and other liabilities and (b) the sum of its respective liabilities, including all contingent and other liabilities; ii.
CPEX holds all of the assets and liabilities associated with Bentley’s drug delivery business.
Duff & Phelps will be providing this opinion for the information and assistance of the Boards of Directors of Bentley and CPEX.
If you would otherwise have been entitled to a fractional share of CPEX common stock in the distribution, you will receive the net cash value of such fractional share instead.