ITC Preferred Stock definition

ITC Preferred Stock has the meaning set forth in Section 3.03(a).
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Examples of ITC Preferred Stock in a sentence

  • At closing each selling shareholder will receive his pro-rata percent of the ITC Preferred Stock (number of each selling Shareholder's shares of Common Stock in Airtech / total issued and outstanding shares of Airtech Common Stock).

  • Purchaser's Escrow Agent shall deliver to Selling Shareholders at the closing one or more stock certificates representing in the aggregate the number of shares of ITC Preferred Stock, the Dollar amount of Debentures to which such Selling Shareholders are entitled, to be registered in such names and in such denominations as shall be requested by Selling Shareholders not less than thre (3) business days prior to the Closing Date.

  • Each Airtech shareholder will receive their pro-rata percent of the ITC Preferred Stock (number of Shareholder's shares of Common Stock in Airtech / total issued and outstanding shares of Airtech Common Stock).

  • Purchaser's Escrow Agent shall deliver to Selling Shareholders at the closing one or more stock certificates representing in the aggregate the number of shares of ITC Preferred Stock, the Dollar amount of Debentures to which such Selling Shareholders are entitled, to be registered in such names and in such denominations as shall be requested by Selling Shareholders not less than three (3) business days prior to the Closing Date.

  • The ITC Preferred Stock shall be Convertable into one share of ITC Common Stock that will be registered before conversion after 24 months.

  • In the ---------------------------------------------------------- event that the Reorganization is effected prior to April 30, 1998, then no later than the earlier of any record date established with respect to the Reorganization or immediately prior to the closing of the Reorganization, ITC shall deliver to SCANA COMMUNICATIONS 56,742 shares of ITC Preferred Stock (the "ESTIMATED ADDITIONAL SHARES").

  • The ITC Preferred Stock shall be restricted under the Securities and Exchange Acts of 1933, as amended, and shall bear restricted legends printed on each ITC Preferred Stock certificate.