Examples of TRC Common Stock in a sentence
All voted in favor of the motion.A motion by Mr. Seveney, seconded by Ms. Pedro, to adjourn as a Board of License Commissioners.
The authorized capital stock of TRC consists of 100,000,000 shares of TRC Common Stock, no par value per share, and 1,000,000 shares of preferred stock, $1.00 par value per share, of which 2,000 shares have been designated as Class A.
Any transferee of TRC Common Stock or Units and any Person who is issued TRC Common Stock by TRC may become a party to this Agreement by executing and delivering to TRC a written agreement in the form attached hereto as Schedule “B”.
Unless surrendered to Harvest for exchange at the Closing, as soon as practical after the Effective Date, the holder of each share of TRC Common Stock exchanged pursuant to Section 4.1 shall surrender to Harvest the certificate for such shares.
TRC hereby represents, warrants and covenants that it has reserved for issuance and will at all times keep available, free from pre-emptive and other rights, out of its authorized and unissued capital stock such number of shares of TRC Common Stock as are now and may hereafter be required to enable and permit TRC to meet its obligations hereunder.
TRC may impose stop-transfer instructions with respect to the shares of TRC Common Stock (or other securities of TRC) subject to the foregoing restriction until the end of said one hundred eighty (180) day period.
TRC has no obligation to pay any documentary, stamp, transfer or other similar taxes that may be payable in respect of any transfer involved in the issuance or delivery of any shares of TRC Common Stock pursuant to the Rights.
As of the Effective Date, all shares of TRC Common Stock that are outstanding shall be converted into the right to receive a total of 18,000,000 fully paid and non-assessable shares of Harvest Common Stock (or such higher adjusted amount as provided for in the recitals, equally among all issued and outstanding shares of TRC Common Stock unless ratably reduced pursuant to a reverse split of Harvest Common Stock.
Except as otherwise provided herein, this Agreement shall bind and inure to the benefit of and be enforceable by TRC and their successors and assigns, and each Stockholder and their respective successors and permitted assigns (and heirs, executors and administrators in the case of individual Stockholders), so long as they beneficially own TRC Common Stock or TEC Common Shares.
Following the receipt of the TRC Common Stock certificate, Harvest shall cause its transfer agent to issue, or Harvest itself shall issue, to each surrendering holder a certificate representing the number of shares of Harvest Common Stock into which such TRC Common Stock shall have been converted.