GTR Stock definition
Examples of GTR Stock in a sentence
Subject to the provision for adjustment hereinafter set forth, each share of Series B Preferred Stock shall entitle the holder thereof to 100 times the number of votes to which the holder of each outstanding share of GTR Stock is then entitled on all matters submitted to a vote of the stockholders of the Corporation.
Prior to the Distribution Date, the interests of the holders of GGD Stock Rights, GTR Stock Rights and GMO Stock shall be deemed coincident with the interests of the holders of GGD Stock, GTR Stock and GMO Stock, respectively.
Moreover, nothing contained herein shall be deemed to limit in any way the right of the Holder to convert, at any time and from time to time, the principal balance of this Note into shares of GTR Stock (as defined below) pursuant to Section 3 hereof or to receive shares of GTR Stock as payment of interest hereon pursuant to Section 2 hereof.
The Company shall promptly secure the designation and quotation of the Conversion Shares on the Nasdaq National Market and shall use its best efforts to maintain the listing of the shares of GTR Stock on the Nasdaq National Market or another national securities exchange or quotation system.
If the Company shall issue any securities or make any change in its capital structure which would change the number of Conversion Shares deliverable upon the Conversion of the entire remaining unpaid balance of this Note, the Company shall at the same time also make proper provision so that thereafter there shall be a sufficient number of shares of GTR Stock authorized and reserved, free from any preemptive rights, for such Conversion.
All issued and outstanding shares of GGD Stock, GTR Stock, GMO Stock and GSP Stock are validly issued, fully paid, non-assessable and free of any preemptive rights.
The Company shall at all times reserve and keep available out of its authorized but unissued shares of GTR Stock, free from any preemptive rights, solely for the purpose of effecting Conversions hereunder, such number of its shares of GTR Stock as shall from time to time be sufficient to effect the Conversion of the entire remaining unpaid principal balance of this Note.
The shares of GTR Stock to be issued and delivered by the Company pursuant to the Stock Payment Option shall be fully paid and non-assessable, free and clear of any liens, claims, preemptive rights or encumbrances imposed by or through the Company, in an amount calculated in accordance with Section 3 below (the "INTEREST PAYMENT SHARES") and shall be issued and delivered to the Holder on the third (3rd) business day following the Conversion Date.
The GTR Stock in authorized for quotation on the Nasdaq National Market, and trading in the GTR Stock on Nasdaq has not been suspended.
The Registration Statement shall state, to the extent permitted by Rule 416 under the Securities Act, that it also covers such indeterminate number of shares of GTR Stock as may be required to effect conversion of the Note to prevent dilution resulting from stock splits, stock dividends or similar events, or by reason of changes in the Conversion Price in accordance with the terms of the Note.