Stock Condition definition

Stock Condition means the effective amendment to Xenetic’s Articles of Incorporation prior to the Closing Date to authorize the issuance of up to 1.5 billion shares of its common stock (before giving effect to forward or reverse splits following the date of this Agreement) and to effect a not less than 1:10 reverse stock split.
View Source

Examples of Stock Condition in a sentence

  • Subject to the terms and conditions of the Offer (including, without limitation, the Minimum Stock Condition), Purchaser agrees to, and Parent agrees to cause Purchaser to, pay, as promptly as practicable after expiration of the Offer, for all Shares validly tendered and not withdrawn.

  • Assuming the Minimum Stock Condition has been satisfied, upon the acceptance for payment of Shares pursuant to the Offer, the Confidentiality Agreement shall be deemed to have terminated without further action by the parties thereto.

  • Notwithstanding anything to the contrary contained herein, Parent may, in its sole discretion, increase the number of shares of Parent Common Stock into which the Shares shall be converted in the Forward Merger constituting the Stock Merger Consideration (as defined in Section 3.1(d)) so as to satisfy the Stock Condition.

  • The shares of Parent Common Stock issuable to Company's ------------ stockholders pursuant to this Agreement if the Stock Condition has been satisfied shall have been approved for listing on the NYSE, subject to official notice of issuance.

  • Subject to meeting the Stock Condition, each of Buyers has full corporate power and authority to enter into this Agreement and the other Transaction Documents to which it is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby.

  • Parent shall use its best efforts to cause the ------------ shares of Parent Common Stock to be issued in the Merger if the Stock Condition has been met to be approved for listing on the NYSE, subject to official notice of issuance, prior to the Closing Date.

  • STOCK Date Issued Number of Stock Condition ----------- --------------- --------- l/l/95 10,000 Unregistered shares that shall be locked up for a 7/l/95 10,000 period of 18 months from the time said shares are l/l/96 15,000 issued.

  • If Exchangeable Stock is to be purchased at the Closing pursuant to Section 2.1(a)(ii), the Exchangeable Stock Condition shall have been fulfilled at and as of the Closing Date.

  • The execution and delivery by Buyers of this Agreement and any other Transaction Document to which either or both Buyers is a party, the performance by Buyers of their obligations hereunder and thereunder and the consummation by Buyers of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action on the part of Buyers, with the exception of the Stock Condition.

  • So long as Purchaser shall meet the Shares Condition or the Common Stock Condition, each of Parent and the Company shall cause its board of directors to hold a meeting at least once during each fiscal quarter.