Examples of Merger Stock Consideration in a sentence
Promptly after the Effective Time of the First Merger, for exchange for outstanding shares of Company Common Stock in accordance with this Article I, (i) Parent shall make available to the Exchange Agent the shares of Parent Common Stock issuable pursuant to Section 1.6(a) as Merger Stock Consideration and (ii) Surviving Entity shall make available to the Exchange Agent the aggregate Merger Cash Consideration.
The Z-Tel Stock included in the Merger Stock Consideration will be issued pursuant to exemptions from registration under the Securities Act and applicable state Securities Laws and otherwise in accordance with all applicable Securities Laws.
The aggregate number of shares of Phelps Dodge common stock actually issued as Asarco Stock Consideration in the offer will be subtracted from the Total Asarco Available Stock (as hereinafter defined) to determine the number of shares of Phelps Dodge common stock available to be paid in the merger (the "Aggregate Asarco Merger Stock Consideration").
At the Effective Time 12% of the Merger Stock Consideration paid to the Touch 1 Shareholder Parties shall be delivered by or on behalf of the Touch 1 Shareholder Parties to the Escrow Agent.
Payment of the Merger Stock Consideration shall be by delivery of fully-paid and nonassessable shares of Z-Tel Stock delivered pursuant to written instructions provided by the Touch 1 Shareholders to Z-Tel at least five business days prior to the Effective Time, and otherwise to the Touch 1 Shareholder Agent or by mail to the address of record of the Touch 1 Shareholder.