USP Shares definition

USP Shares means the 41,300 shares of voting common stock, par value $0.10 per share, and the 348,314 shares of non-voting common stock, par value $0.10 per share, of USP.
View Source

Examples of USP Shares in a sentence

  • The USP Shares constitute all of the issued and outstanding capital stock of USP.

  • The USP Shares and the Converted Shares may not be sold, assigned, pledged or otherwise transferred (any sale, assignment, pledge or transfer is hereinafter referred to as a "transfer") by Physician except in accordance with the provisions of this Paragraph 17.

  • None of the USP Shares may be transferred prior to the second anniversary of Closing.

  • Seller and Purchaser have allocated the Purchase Price between the Renown Shares and the USP Shares as provided herein.

  • Physician shall have the power to vote the USP Shares and receive any dividends or distribution thereon even though the USP Shares are not yet transferrable, provided that any dividends or distributions received in common stock of USP shall be subject to the same restrictions as the USP Shares to which they relate are subject.

  • The USP Shares, when issued and delivered pursuant to this Agreement, will be validly issued, fully paid and non-assessable.

  • Twenty-five percent (25%) of the USP Shares shall become transferable on each of the second and third anniversaries of Closing and the remaining fifty percent (50%) of the USP Shares shall become transferrable on the fourth anniversary of Closing.

  • Neither the USP Shares nor the Renown Shares are “taxable Canadian property” for purposes of the Canadian Income Tax Act.

  • The USP Shares were duly authorized for issuance and are validly issued in compliance with Applicable Law and are fully paid and non-assessable.

Related to USP Shares

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Company Shares means the common shares in the capital of the Company;

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.