MSG Stock definition

MSG Stock means shares of unregistered Class A Common Stock, par value $0.01 per share (or another class of voting common stock that replaces such Class A Common Stock) that are listed for trading on a national securities exchange, of The Madison Square Garden Company, valued at the volume-weighted average price (as reported by Bloomberg) over the ten trading days prior to the date of issuance.

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MSG Stock has the meaning set forth in Section 12.1.

Examples of MSG Stock in a sentence

• Except as expressly provided in the Distribution Agreement or in any Ancillary Agreement, (i) none of the parties is making any representation to any other party in connection with the Reorganization Transactions, the Assignments or the MSG Stock issuance, and (ii) MSG is not directly assuming any liabilities under the Reorganization Transactions or the Assignments.

• For the avoidance of doubt, with respect to this Section 12.03, the value of the Qualified MSG Stock or Qualified Successor Stock will be equal to the value attributed at the time of issuance pursuant to Section 2.03(b).

• MSG hereby agrees to issue to RPP, effective as of the date of this Agreement, the MSG Stock, by delivery of stock certificates therefor, pursuant to the Assignment Agreement and Stock Power, dated the date of this Agreement, between RPP and MSG.

• MSG hereby agrees to issue to RPP, effective as of the date of this Agreement, the MSG Stock, by delivery of stock certificates therefor registered in the name of “Regional Programming Partners,” pursuant to the Assignment Agreement, dated the date of this Agreement, between RPP and MSG.