Examples of Community Common Stock in a sentence
At and after the Effective Time, each share of Community Common Stock issued and outstanding immediately prior to the Effective Time shall remain an issued and outstanding share of Community Common Stock and shall not be affected by the Merger.
The authorized capital stock of United Community currently consists exclusively of: (i) 499,000,000 shares of United Community Common Stock, of which, as of September 6, 2019 (the “Capitalization Date”), 48,086,439 shares were issued and outstanding (excluding shares held in treasury) and 6,052,471 shares were held in the treasury of United Community; and (ii) 1,000,000 shares of United Community Preferred Stock, of which no shares were designated and outstanding as of the Capitalization Date.
At the Effective Time, the shares of United Community Common Stock will no longer be outstanding and will automatically be canceled and will cease to exist.
Financial Corporation owns 100% of the outstanding Southern Community Common Stock.
Southern Community's authorized capital stock consists of 1,000,000 shares of preferred stock, no par value ("Southern Community Preferred Stock ") and 20,000,000 shares of common stock, $2.50 par value, one vote per share (the "Southern Community Common Stock").
All of the issued and outstanding shares of United Community Common Stock have been duly authorized and validly issued and are fully paid, nonassessable and free of preemptive rights.
The 2006 Process Guidelines note that:21 If competition issues are identified after consideration of the market inquiry findings and other material, and these competition issues have not already been raised with the merger parties, the parties will be advised of these issues and will generally be invited to provide a response within a limited time (usually one week) on those issues to which they have not previously responded.
At the Effective Time, there will be 7,958,288 shares 16 of the Southern Community Common Stock issued and no outstanding shares of Southern Community Preferred Stock.
Neither Kinderhook, any Subsidiary of Kinderhook nor, to the Knowledge of Kinderhook, any director or officer of Kinderhook or of any Subsidiary of Kinderhook, beneficially owns or, within the past two (2) years has beneficially owned, in the aggregate three percent (3%) or more of the outstanding shares of Community Common Stock.
Certificates that represented United Community Common Stock before the Effective Time will be deemed for all purposes to represent the number of shares of First Defiance Common Stock and cash in lieu of fractional shares into which they were converted pursuant to this Article 2.