Zurn definition
Examples of Zurn in a sentence
In the event USI wishes to exercise the Stock Option, USI shall deliver to Zurn ▇ ▇ritten notice (an "Exercise Notice") specifying the total number of shares of Zurn ▇▇▇mon Stock it wishes to purchase.
All financial statements of the Company and its Subsidiaries provided to creditors will, to the extent permitted by GAAP, clearly evidence the corporate separateness of the Zurn Group from the Eljer Group.
Zurn ▇▇▇eby grants to USI an irrevocable option (the "Stock Option") to purchase up to 1,291,559 shares of Zurn ▇▇▇mon Stock, or such other number of shares of Zurn ▇▇▇mon Stock as equals 10.1% of the issued and outstanding shares of Zurn ▇▇▇mon Stock at the time of exercise of the Stock Option, in the manner set forth below, at a price of $44.30 per share (the "Exercise Price"), payable in cash in accordance with Section 5 hereof.
Zurn ▇▇▇ll not consummate any transaction if the consummation thereof would result in a fee being payable to USI pursuant to Section 7.3(a)(i) or 7.3(a)(ii) of the Merger Agreement unless Zurn ▇▇▇ll have delivered to USI, at least 15 business days prior to such consummation, a written notice specifying the material terms of such transaction and stating Zurn'▇ ▇▇▇ention to consummate such transaction (a "Transaction Notice").
In the event of any change in Zurn ▇▇▇mon Stock by reason of stock dividends, stock splits, mergers (other than the Merger), recapitalizations, combinations, exchange of shares or the like, the type and number of shares or securities subject to the Stock Option, and the Exercise Price per share, shall be adjusted appropriately.
The Stock Option may be exercised by USI, in whole or in part, at any time or from time to time prior to its termination pursuant to Section 3 hereof and (a) after the Merger Agreement is terminated pursuant to Section 7.1(d)(iii) or 7.1(e)(iii) thereof or (b) after the date on which Zurn ▇▇▇ivers to USI a Transaction Notice (as defined below), each of the events described in clause (a) and (b) being a "Trigger Event".
As soon as practicable following the date hereof, Zurn ▇▇▇l file a supplemental listing application with the NYSE relating to the shares of Zurn ▇▇▇mon Stock issuable upon exercise of the Option and will use its reasonable best efforts to have such shares authorized for listing on the NYSE, subject to official notice of issuance.
The Issuer shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, or interest on Debt Securities and will notify the Trustee of any default by the Issuer in making any such payment.
Each closing of a purchase of shares of Zurn ▇▇▇mon Stock (a "Closing") shall occur at a place, on a date and at a time designated by USI in an Exercise Notice delivered at least two business days prior to the date of the Closing.
Each Transferred Company (other than Progress, which is a division of Canadian Seller) has at all times maintained a separate corporate existence from Parent and its Affiliates, including without limitation, Zurn Industries, Inc., Jacuzzi, Inc.