Common use of Purchase of Shares of Common Stock Clause in Contracts

Purchase of Shares of Common Stock. (a) Each Forward Purchase Contract shall, unless an Early Settlement has occurred in accordance with Section 5.9, or a Merger Early Settlement has occurred in accordance with Section 5.10, obligate the Holder of the related Equity Units or Stripped Equity Units, as the case may be, to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to $50 (the “Purchase Price”), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the Stock Purchase Date, there shall have occurred a Termination Event with respect to the Units of which such Forward Purchase Contract is a part. The “Settlement Rate” is equal to,

Appears in 3 contracts

Samples: Forward Purchase Contract Agreement (American Electric Power Co Inc), Forward Purchase Contract Agent (American Electric Power Co Inc), Forward Purchase Contract Agreement (American Electric Power Co Inc)

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Purchase of Shares of Common Stock. (a) Each Forward Purchase Contract shall, unless an Early Settlement has occurred in accordance with Section 5.9, or a Merger Early Settlement has occurred in accordance with Section 5.10, obligate the Holder of the related Equity Security Units or Stripped Equity Security Units, as the case may be, to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to $50 25 (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the Stock Purchase Date, there shall have occurred a Termination Event with respect to the Equity Security Units or Stripped Equity Security Units, as the case may be, of which such Forward Purchase Contract is a part. The "Settlement Rate" is equal to,

Appears in 2 contracts

Samples: Purchase Contract Agreement (Dte Energy Co), Purchase Contract Agreement (Dte Energy Co)

Purchase of Shares of Common Stock. (a) Each Forward Purchase Contract shall, unless an Early Settlement has occurred in accordance with Section 5.9, or a Merger Early Settlement has occurred in accordance with Section 5.10, obligate the Holder of the related Equity Units or Stripped Equity Units, as the case may be, to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to $50 (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the Stock Purchase Date, there shall have occurred a Termination Event with respect to the Units of which such Forward Purchase Contract is a part. The "Settlement Rate" is equal to,

Appears in 1 contract

Samples: Forward Purchase Contract Agreement (Aep Capital Trust I)

Purchase of Shares of Common Stock. (a) Each Forward Purchase Contract shall, unless an Early Settlement has occurred in accordance with Section 5.9, or a Merger Early Settlement has occurred in accordance with Section 5.10, obligate the Holder of the related Equity Units or Stripped Equity Units, as the case may be, to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to $50 (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the Stock Purchase Date, there shall have occurred a Termination Event with respect to the Units of which such Forward Purchase Contract is a part. The "Settlement Rate" is equal to,

Appears in 1 contract

Samples: Forward Purchase Contract Agreement (American Electric Power Co Inc)

Purchase of Shares of Common Stock. (a) Each Forward Purchase Contract shall, unless an Early Settlement has occurred in accordance with Section 5.9, or a Merger Early Settlement has occurred in accordance with Section 5.10, obligate the Holder of the related Equity Units Upper DECS or Stripped Equity UnitsDECS, as the case may be, to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to $50 (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the Stock Purchase Date, there shall have occurred a Termination Event with respect to the Units Upper DECS or Stripped DECS, as the case may be, of which such Forward Purchase Contract is a part. The "Settlement Rate" is equal to,

Appears in 1 contract

Samples: Purchase Contract Agreement (Temple Inland Inc)

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Purchase of Shares of Common Stock. (a) Each Forward Purchase Contract shall, unless an Early Settlement has occurred in accordance with Section 5.9, or a Merger Early Settlement has occurred in accordance with Section 5.10, shall obligate the Holder of the related Equity Units or Stripped Equity Units, as the case may be, to purchase, and the Company to sell, on the Stock Purchase Contract Settlement Date at a price equal to $50 the Stated Amount (the “Purchase Price”"PURCHASE PRICE"), a number of newly issued shares of Common Stock (subject to Section 5.09) equal to the Settlement Rate unlessunless an Early Settlement has occurred in accordance with Section 5.07 hereof or a Cash Merger Early Settlement has occurred in accordance with Section 5.04(b)(2) hereof or, on or prior to or on the Stock Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Units of which such Forward Purchase Contract is a part. The “Settlement Rate” "SETTLEMENT RATE" is equal to,:

Appears in 1 contract

Samples: Purchase Contract Agreement (Hartford Financial Services Group Inc/De)

Purchase of Shares of Common Stock. (a) Each Forward Purchase Contract shall, unless an Early Settlement has occurred in accordance with Section 5.9, or a Merger Early Settlement has occurred in accordance with Section 5.10, shall obligate the Holder of the related Equity Units or Stripped Equity Units, as the case may be, Security to purchase, and the Company to sell, on the Stock Purchase Contract Settlement Date at a price equal to $50 the Stated Amount (the "Purchase Price"), a number of newly issued shares of Common Stock (subject to Section 5.09) equal to the Settlement Rate unlessunless an Early Settlement has occurred in accordance with Section 5.07 hereof or a Cash Merger Early Settlement has occurred in accordance with Section 5.04(b)(2) hereof or, on or prior to or on the Stock Purchase Contract Settlement Date, there shall have occurred a Termination Event with respect to the Units Security of which such Forward Purchase Contract is a part. The "Settlement Rate" is equal to,:

Appears in 1 contract

Samples: Purchase Contract Agreement (Keyspan Corp)

Purchase of Shares of Common Stock. (a) Each Forward Purchase Contract shall, unless an Early Settlement has occurred in accordance with Section 5.95.7, or a Merger Early Settlement has occurred in accordance with Section 5.105.8, obligate the Holder of the related Equity Units or Stripped Equity Units, as the case may be, DECS to purchase, and the Company to sell, on the relevant Stock Purchase Date at a price equal to $50 (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the relevant Stock Purchase Date, there shall have occurred a Termination Event with respect to the Units DECS of which such Forward Purchase Contract is a part. The "Settlement Rate" is equal to,

Appears in 1 contract

Samples: Forward Purchase Contract Agreement (Capital One Financial Corp)

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