Stock Proceeds definition
Examples of Stock Proceeds in a sentence
If the Net Proceeds exceed the Stock Proceeds Amount, the Company may retain the excess.
Any dividends (within the meaning of Section 301(c)(1) of the Internal Revenue Code of 1986, as amended (the "Code")) and any distribution which does not constitute a dividend (within the meaning of Section 301(c)(1) of the Code) in cash or other property paid with respect to any Disbursed Stock or Contingent Payment Stock shall be added to the respective Disbursed Stock or Contingent Payment Stock and shall become a part thereof (the "Stock Proceeds").
Any interest or other earnings on Stock Proceeds shall be deemed a part of the Escrow Stock and any interest or other earnings on Note Proceeds shall be deemed a part of the Escrow Note.
The rate will be adjusted on an annual basis every January 1, starting January 1, 2022 , based on annual changes to the Consumer Price Index (“CPI Index”).
In the event that an exemption from such registration is not available, the Purchaser shall use its reasonable best efforts to cause to become effective a registration statement under the Securities Act of 1933, as amended, and applicable state securities law for the purpose of registering the sale of the shares representing the Stock Proceeds pursuant to Seller's plan of reorganization or liquidation.
If any dispute arises over disbursement of, or conflicting claims to, the Deposited Stock and related Stock Proceeds, then the Disbursing Agent may interplead such contested Deposited Stock and related Stock Proceeds into a court of proper jurisdiction of its choosing, and thereupon the Disbursing Agent shall be fully and completely discharged of its duties as disbursement agent with respect to such contested Deposited Stock and Stock Proceeds.
The parties agree that any references to Shares in the Trust Agreement will mean the Back-Pay Stock Proceeds.
Distribution of the Stock Proceeds as provided for under Seller's plan of reorganization or liquidation shall be effected to the extent practicable, subject to Purchaser's approval as to structure, to comply with exemptions from registration under applicable federal and state law.
The total sum of $700,000.00 paid by the Purchasers under the Stock Purchase Agreements, Exhibit A, incorporated herein by reference ("Stock Proceeds"), will be wired to Wi▇▇▇▇▇▇' and CSA Holdings' designated bank accounts, $125,000.00 to Wi▇▇▇▇▇▇, $575,000.00 to CSA Holdings (the "Closing Amounts").
Seller has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of acquiring the Stock Proceeds and understands the risks of, and other considerations relating to, its acquisition of the shares of Common Stock.