FLFC definition
Examples of FLFC in a sentence
The holder of (i) a Certificate (other than a Certificate with -------------- respect to Dissenting Shares) that prior to the Merger represented issued and outstanding FLFC Common Stock, or (ii) an Option, including the Warrants if exercised by the United States Department of the Treasury, shall have no rights, after the Effective Time, with respect to such FLFC Common Stock or Option except to surrender the Certificate and receive in exchange for the Merger Consideration as provided in this Agreement.
FLFC shall promptly notify USB if or when it determines that it expects to exceed its budget.
Each of FLFC, FNB and USB will cooperate with -------------------- the other and use all reasonable efforts to prepare and file within forty-five (45) days of execution of this Agreement all necessary documentation, to effect all necessary filings and to obtain all necessary permits, consents, approvals and authorizations of all third parties and governmental bodies necessary to consummate the transactions contemplated by this Agreement, including without limitation the Merger and the Bank Merger.
FLFC shall upon expiration of the period of time within which the SEC may comment on the preliminary Proxy Statement or upon satisfaction of any SEC comments, thereafter promptly mail the Proxy Statement to its shareholders.
FLFC has received an opinion from ▇▇▇▇▇▇▇ ▇▇▇▇▇ ---------------- & Associates, Inc.
If such holder shall effectively withdraw or lose (through failure to perfect or otherwise) his right to such fair value payment after the Effective Time, each share of FLFC Common Stock of such holder shall be converted into the right to receive the Merger Consideration.
In addition to the above, the Company shall pay the dues for the Employee's country club membership and the cost of an annual physical examination for the Employee on the same basis then in effect for executive officers of FLFC.
Provided, however, that if the Executive is offered a position of comparable responsibility, salary, benefits and authority, and with reasonable assurances of continued employment, with the entity (or any subsidiary thereof) with which the Company or FLFC or the Bank is merged or consolidated or to which all or substantially all of their respective assets of the Company are transferred, then the Executive shall not be entitled to receive the payment provided for above.
Except for the FLFC Stock Plan pursuant to which there are outstanding 3,500 shares of FLFC Common Stock, a schedule of which is set forth in Section 4.1 of the FLFC Disclosure Schedule and the Warrant to purchase 199,203 shares of FLFC Common Stock issued December 12, 2008 to the United States Department of the Treasury, there are no Rights authorized, issued or outstanding with respect to or relating to the capital stock of FLFC.
The restrictions set forth in this Section 9 shall terminate if (i) there shall occur a change in control of FLFC, FLB or the Company during the term of this Agreement, i.e., the acquisition of more than 24.9% ownership by a party, unless the acquiring party offers the Employee continued employment in the same or a comparable position as that provided for in this Agreement; or (ii) the Employee's employment is terminated without cause.