Examples of HPI Common Stock in a sentence
In the event that, following the exercise of a right to cause a Membership Interest to be purchased or sold pursuant to Section 7.9, HPC exercises its right pursuant to Section 7.9.4 to pay for the Acquired Interest with HPI Common Stock, then the provisions of this Article 11 shall apply.
If HPC elects to pay for the Acquired Interest by the issuance of HPI Common Stock, Chu or XxXxxxxxx, as applicable, shall be entitled to exercise piggyback registration rights and demand registration rights on one occasion each with respect to such common stock, on the terms and conditions contained in Article 11 hereof.
HPC shall have the option to pay for the ---------- Acquired Interest either by the issuance of HPI Common Stock (or common stock of any successor to HPI) in an amount equal to the Fair Value or by payment of the Fair Value in cash by wire transfer; provided, that HPC may elect to pay for the -------- Acquired Interest by issuing common stock only if HPI or its successor is a public company at the time.
The authorized capital stock of HPI consists of four hundred seventy-five thousand shares (475,000) shares of Class A common stock with a par value of $10.00 per share and twenty-five thousand (25,000) shares of Class B common stock with a par value of $10.00 per share (collectively, the "HPI Common Stock").
Additionally, all of Freedom’s outstanding stock options and warrants to purchase Freedom Common Stock shall be included within such issuance and shall be reserved by Freedom for such holders on a share-for-share basis in HPI Common Stock.
The Merger Agreement would provide that all outstanding Boomtown options would be converted into options to acquire HPI Common Stock such that (i) the exercise price of each option would be equal to Boomtown's per share market price on the date preceding the announcement of the Merger divided by the Exchange Ratio, and (ii) the shares subject to each option would be equal to the number of shares immediately prior to the Merger multiplied by the Exchange Ratio.
Each share of HPI Common Stock outstanding immediately prior to the merger shall, upon the Effective Time of the merger, forthwith cease to exist and be cancelled.
Responsibility for such payment shall be allocated among the HPI Stockholders pro rata based on their ownership as of the Closing of shares of HPI Common Stock.
HPI shall have completed an offering of HPI Common Stock which shall have generated net proceeds of not less than $7,500,000, on terms and conditions acceptable to HPI in its sole discretion.
In no event shall any Investor be liable for the failure of any other Investor to tender its or his shares of HPI Common Stock hereunder.