Peoples Common Stock definition

Peoples Common Stock means the common stock, par value $.01 per share, of Peoples.

Peoples Common Stock means the common stock, par value $.50 per share, of PEOPLES.

Peoples Common Stock has the meaning given to that term in Section 3.02(a) of this Agreement.

Examples of Peoples Common Stock in a sentence

• Except as set forth in Market Disclosure Schedule 2.21, neither Market nor an "affiliate" or "associate" of Market, as the terms "affiliate" and "associate" are defined in Section 203(c) of the DGCL, is the "owner," as the term "owner" is defined in Section 203(c) of the DGCL, of any of the outstanding shares of Peoples Common Stock.

• Each holder who otherwise would have been entitled to a fraction of a share of Peoples Common Stock shall receive in lieu thereof cash (without interest) in an amount determined by multiplying the fractional share interest to which such holder would otherwise be entitled by the Average Share Price.

• Each share of Peoples Common Stock is entitled to one vote per share.

• The authorized capital stock of Peoples consists of 10,000,000 shares of Peoples Common Stock, of which 1,977,760 are issued and outstanding and no shares are held in treasury as of the date hereof, and 1,000,000 shares of preferred stock, par value $.01 per share, of which no shares are issued and outstanding as of the date hereof.

• Each share of Peoples Common Stock issued and outstanding immediately prior to the Effective Time shall, on and after the Effective Time, continue to be issued and outstanding as an identical share of Peoples Common Stock.

• Notwithstanding any other provision of this Agreement, neither certificates nor scrip for fractional shares of Peoples Common Stock shall be issued in the Merger.

• If, in fact, the undersigned were an affiliate under the Securities Act, the undersigned's ability to sell, assign or transfer the shares of Davel Common Stock received by the undersigned in exchange for any shares of Peoples Common Stock in connection with the Merger may be restricted unless such transaction is registered under the Securities Act or an exemption from such registration is available.

• In lieu thereof, each holder of shares of Market Common Stock entitled to a fraction of a share of Peoples Common Stock shall, at the time of surrender of the certificate or certificates representing such holder's shares, receive an amount of cash in accordance with the terms of Section 1.05 of the Reorganization Agreement.

• Such issued and outstanding shares of Peoples Common Stock have been duly and validly authorized by all necessary corporate action of Peoples, are validly issued, fully paid and nonassessable and have not been issued in violation of any pre-emptive rights of any present or former Peoples shareholder.

• Any holder of shares of Peoples Common Stock or BancTrust Common Stock who perfects his dissenters’ rights of appraisal in accordance with and as contemplated by Article 13 of the ABCA shall be entitled to receive the value of such shares in cash as determined pursuant to such provision of Law; provided, however, that no such payment shall be made to any dissenting shareholder unless and until such dissenting shareholder has complied with the applicable provisions of the ABCA.

More Definitions of Peoples Common Stock

Peoples Common Stock means the common stock of Peoples described -------------------- in Section 2.02(a). Peoples Disclosure Schedule means a disclosure schedule delivered --------------------------- by Peoples to Sovereign pursuant to this Agreement. Peoples Financials means (i) the audited consolidated financial ------------------ statements of Peoples as of December 31, 1997 and for the three years ended December 31, 1997, including the notes thereto and (ii) the unaudited interim consolidated financial statements of Peoples as of each calendar quarter thereafter included in Securities Documents filed by Peoples, including the notes thereto.