GPRE Stock definition
Examples of GPRE Stock in a sentence
All of the outstanding shares of capital stock of GPRE, including the GPRE Stock to be issued pursuant to this Agreement, will be, upon consummation of the transactions contemplated by this Agreement, validly issued, fully paid, nonassessable and subject to no lien or restriction on transfer, except restrictions on transfer imposed by applicable securities laws.
It is hereby agreed that the Superior Stock shall be acquired by GPRE at Closing in exchange for 100,000 shares of restricted GPRE Stock (the "Shares").
All authorizations, approvals or permits of any governmental authority or regulatory body that are required in connection with the lawful issuance and exchange of the GPRE Stock and the exchange of Superior Stock pursuant to this Agreement shall have been duly obtained and shall be in full force and effect.
GPRE has all necessary corporate power and authority to enter into and perform this Agreement, to issue and sell the GPRE Stock, to own all the properties owned by it and to carry on the businesses now conducted or presently proposed to be conducted by it.
GPRE desires to acquire the Superior Stock in exchange for 100,000 shares of restricted voting common stock of GPRE (the "GPRE Stock"), making Superior a wholly-owned subsidiary of GPRE.
GPRE has taken all corporate action necessary to authorize this Agreement and the issuance of the GPRE Stock to be issued and exchanged hereunder.
The execution, delivery and performance by GPRE of this Agreement and the issuance and exchange of the GPRE Stock will not result in any violation of or be in conflict with, or result in a breach of or constitute a default under, any term or provision of any Legal Requirement to which GPRE is subject, or any Charter or Bylaws, or any Contractual Obligation to which GPRE is a party or by which GPRE is bound.