Examples of Offered Common Stock in a sentence
In rendering the opinion set forth in clause (2) of this paragraph 4, we have assumed that, at the time of issuance of any Offered Common Stock upon conversion of the Offered Preferred Stock, the Certificate of Incorporation, the By-Laws and the DGCL shall not have been amended so as to affect the validity of such issuance.
With respect to any offering of Common Stock by the Company pursuant to the Registration Statement (the “Offered Common Stock”), the shares of Offered Common Stock (including any Offered Common Stock duly issued upon conversion or exchange of other securities) will be duly authorized, validly issued, fully paid and non-assessable.
With respect to any offering of Common Stock (the “Offered Common Stock”), the shares of the Offered Common Stock (including any Offered Common Stock duly issued upon conversion, exchange or exercise of any other Securities) will be duly authorized, validly issued, fully paid and nonassessable, provided that the consideration therefor is not less than the par value thereof.
A copy of the Certificate of Incorporation of each of the Companies (together the “Certificates”) and the Memorandum and Articles of Association of each of the Companies, which are attached to the respective Companies Certificates as Appendix I thereto.
The Offered Common Stock, if registered, will most likely be traded and quoted on the Over-the-Counter Bulletin Board, which could cause some difficulty in disposing of the stock and getting accurate quotes on its market price.
On the Purchase Date, the Initial Holder shall sell, and shall cause each of its Affiliates to sell, all of the Offered Common Stock to the Company at the Current Market Price Per Share for each share of such Common Stock.
Where necessary, the landlord confirms they have the mortgagee’s permission to let out the property.
With respect to any offering of Common Stock by the Company pursuant to the Registration Statement other than pursuant to the Sales Agreement (the “Offered Common Stock”), the shares of Offered Common Stock (including any Offered Common Stock duly issued upon conversion or exchange of other securities) will be duly authorized, validly issued, fully paid and non-assessable.
With respect to our opinion as to the Offered Common Stock (as defined below), we have assumed that, at the time of issuance and sale, a sufficient number of shares of Common Stock is authorized and reserved, or available for issuance and that the consideration for the issuance and sale of the Offered Common Stock is cash in an amount that is not less than the par value of the Common Stock.
In rendering the opinion set forth in this Paragraph 3, we have assumed that, at the time of issuance of any Offered Common Stock, the Articles, the By-Laws and the Michigan Business Corporation Act (the “MBCA”) shall not have been amended so as to affect the validity of such issuance.