Examples of CRC Common Stock in a sentence
Subject to the provisions of Section 4, a RS Unit is a bookkeeping entry that represents the right to receive upon vesting, as set forth in Section 3, one share of CRC Common Stock, $0.01 par value (the “Common Stock”).
Subject to the provisions of Section 5, a PS Unit is a bookkeeping entry that represents the right to receive upon achievement of the Performance Goal, as set forth in Section 4, one share of CRC Common Stock, $0.01 par value (the “Common Stock”).
CCL currently owns 2,490,000 shares (the "Purchased Shares") of common stock, $.005 par value per share (the "CRC Common Stock"), of CRC Holdings, Inc.
Each OPC LTI Mixed-Settlement Unit that is outstanding, unvested and held by a CRC Group Employee as of immediately prior to the Effective Time (a “CRC Employee Mixed-Settlement Unit”) shall, upon the Effective Time, be converted into an award of incentive units granted under the CRC New Equity Plan with respect to a number of shares of CRC Common Stock equal to the CRC Share Number (a “CRC MSU”).
Such Buyer is acquiring the CRC Common Stock without having been furnished any representations or warranties of any kind whatsoever with respect to CRC's business and financial condition.
Such Buyer understands that the sale of shares of CRC Common Stock under this Agreement has not been registered under the Securities Act or applicable state securities laws.
Such Buyer acknowledges that all matters relating to CRC, the Agreement and such Buyer's investment in the CRC Common Stock have been explained to the satisfaction of such Buyer and that such Buyer understands the speculative nature and risks involved in this investment.
If OPC determines, in its sole discretion, at any time after the Distribution Date, that the CRC Common Stock distributed in the Initial Distribution constitutes less than 80.1% of the outstanding shares of CRC Common Stock, OPC will contribute to CRC, for cancellation, that number of shares of CRC Common Stock necessary to cause the CRC Common Stock distributed in the Initial Distribution to constitute at least 80.1% of the outstanding shares of CRC Common Stock.
Such Buyer can bear the economic risks inherent in its investments in the CRC Common Stock.
Each OPC DSU that is outstanding and held by a CRC Director as of immediately prior to the Effective Time (a “CRC Director DSU”) shall, upon the Effective Time, be converted into a common stock unit granted under the CRC New Equity Plan with respect to a number of shares of CRC Common Stock equal to the CRC Share Number (a “CRC DSU”).