Examples of Xxxxx Common Stock in a sentence
Pursuant to the Merger, shares of capital stock of Metro will be converted into the right to receive shares of common stock, $0.10 par value per share, of Xxxxx ("Xxxxx Common Stock") and cash in lieu of fractional shares as described in the Merger Agreement.
Xxxxx Common Stock are duly authorized, validly issued, fully paid and nonassessable and not subject to, or issued in violation of, any preemptive right, purchase option, call option, right of first refusal, subscription or any other similar right.
The Shareholder shall not, during any 90 day period commencing on the Closing Date (as defined in the Merger Agreement), transfer, or permit any of his Affiliates to transfer, shares of Xxxxx Common Stock or other Xxxxx securities held by the Shareholder and such Affiliates representing, in the aggregate, more than 1% of the then outstanding shares of Xxxxx Common Stock.
All shares of Xxxxx Common Stock subject to issuance as specified above, upon issuance on the terms and conditions specified in the instruments pursuant to which they are issuable, shall be duly authorized, validly issued, fully paid and nonassessable.
The rights granted to the Shareholder and the obligations of Xxxxx pursuant to this Section 3 shall terminate on the date on which the Shareholder, together with his Affiliates, ceases, following the Effective Time, to beneficially own 4% or more of the outstanding shares of Xxxxx Common Stock.