Unit Common Stock definition
Examples of Unit Common Stock in a sentence
Dividends on Unit Common Stock exchanged for Weekly Reader Class A Non-Voting Common Stock which have been declared but have not been paid as of the Exchange Date shall be deemed to have accrued on the Exchange Common Stock in equivalent adjusted amounts.
Dividends on Unit Common Stock exchanged for Weekly Reader Class A Non-Voting Common Stock which have been declared but have not been paid as of the date of exchange (the "EXCHANGE DATE") shall be deemed to have accrued on the Exchange Common Stock in equivalent adjusted amounts.
Holders of Unit Common Stock will be able to exchange their Weekly Reader Class A Non-Voting Common Stock for Exchange Common Stock only if the exchange of such securities is exempt from the registration requirements of the Act, and such securities are qualified for sale or exempt from qualification under the applicable securities laws of the states in which the various Holders of securities reside.
The number of shares of Exchange Common Stock issuable upon exchange of Unit Common Stock and the Exchange Ratio are subject to adjustment from time to time upon the occurrence of the events enumerated in this Section 9.
The total number of securities which may be purchased upon exercise of the Unit Common Stock Warrant will be 10% of the number of shares of Common Stock which are sold in the offering (33,333), excluding such Shares as may be sold upon exercise of the Underwriter's over-allotment option.
The Unit Common Stock Warrant shall contain anti-dilution provisions, a cashless exercise provision, a one-time demand registration provision, customary piggyback registration rights and shall otherwise be in form and substance satisfactory to the Underwriter.
If, after an adjustment, a Holder of Unit Common Stock may receive shares of two or more classes of capital stock of Weekly Reader, Weekly Reader, as applicable, shall determine, in good faith, the allocation between the classes of capital stock.
Any Holder of Unit Common Stock and Exchange Common Stock may elect to participate in such transfer (a "TAGALONG RIGHT") by giving notice to the Principals within 15 days of receipt of the Tag-Along Notice.
Each share of Unit Common Stock issued and outstanding immediately prior to the Effective Time shall be canceled and retired and resume the status of authorized and unissued shares of Common Stock, and no shares of Unit Common Stock or other securities of Unit shall be issued in respect thereof.
Any shares of Unit Common Stock or Exchange Common Stock purchased from the Holders pursuant to such provisions shall be paid for at the same price per share of common stock of the Company and Weekly Reader and upon the same terms and conditions as such proposed transfer of common stock of the Company and Weekly Reader by the Principals, adjusted, in the case of the Exchange Common Stock, for the applicable Exchange Ratio.