Target Common Stock definition
Examples of Target Common Stock in a sentence
All securities issued upon the surrender and cancellation of Target Common Stock in accordance with the terms hereof shall be deemed to have been issued in full satisfaction of all rights pertaining to such securities.
The only Target Common Stock that will be issued and outstanding immediately after the Closing will be the Target Common Stock owned by Company.
At the Effective Time, by virtue of the Merger and without any action on the part of the holders of securities of Merger Sub or the Target, the shares of Target Common Stock issued and outstanding immediately prior to the Effective Time (not including, for the avoidance of doubt, treasury shares) shall be canceled in exchange for the right to receive the Merger Consideration as is specified in this Agreement.
Except for the Target Common Stock, no other class in the share capital of the Target is or ever has been authorized or issued or outstanding.
Each outstanding share of Target Common Stock, when converted in accordance with this Section 2.7(a), shall no longer be outstanding and shall automatically be canceled and shall cease to exist, and the holder thereof shall cease to have any rights with respect thereto, except the right to receive the Merger Consideration.