Eligible Stock definition

Eligible Stock means the issued and outstanding shares of Common Stock (i) that have been issued pursuant to the Agreement and Plan of Merger (the "Merger Agreement") by and among the Company, the Security Holder, LOPI Acquisition Corp. and Louisiana Onshore Properties, Inc., (ii) that have been issued upon conversion of the Series A Convertible Preferred Stock issued pursuant to the Merger Agreement; (iii) that have been purchased by the Security Holder upon the exercise of its rights pursuant to the Stock Rights and Restrictions Agreement; and (iv) that may be issued pursuant to Section 2.7 of the Stock Rights and Restriction Agreement.

Eligible Stock means the 7,082,030 shares of Common Stock issued in the name of Security Holder, representing all equity shares of the Company beneficially owned by Security Holder after giving effect to the transactions contemplated by the Option Agreement.

Eligible Stock means all Stock save for any Stock which, at any time and in the opinion of the Agent:

Examples of Eligible Stock in a sentence

• Please see Section 1 of The Exchange Offer, entitled “General Information (Eligible Participants, Eligible Stock Options, Expiration Date, Etc.),” for more information.

• Determination of Validity; Rejection of Eligible Stock Options; Waiver of Defects; No Obligation to Give Notice of Defects.

• Any act to be taken must be passed by an affirmative vote of the majority of the outstanding Eligible Stock present in person or represented by proxy.

• The Participant's Annual Stock Option Amount(s) shall be credited to his or her Stock Option Account no later than the close of business on the first business day after the day on which the Eligible Stock Option was exercised or otherwise disposed of.

• Your surrender of eligible stock options pursuant to the procedures described above constitutes your acceptance of the terms and conditions of the Exchange Offer and will be controlling, absolute and final, subject to your withdrawal rights under Section 4, Withdrawal Rights, and our acceptance of your surrendered stock options in accordance with Section 5, Acceptance of Eligible Stock Options; New Stock Options.

More Definitions of Eligible Stock

Eligible Stock means shares of common stock of a corporation that satisfies the following: (i) the corporation's common stock, as a class, is registered with the Commission under Xxxxxxx 00(x) xx xxx 0000 Xxx, (xx) the corporation's common stock, as a class, is registered for trading on the New York Stock Exchange or the NASDAQ National Market, and (iii) the average weekly reported volume of trading in the corporation's securities on the NYSE or the NASDAQ National Market during the four calendar weeks preceding an agreement to sell the Subject Shares is greater than the number of shares of stock to be received by the Stockholders in the transaction.

Eligible Stock as defined in Section 1.3(e).

Eligible Stock has the meaning given to it in Schedule 3 Part I (Reporting and Financial Undertakings).

Eligible Stock has the meaning ascribed to it in the Restructuring Term Sheet.

Eligible Stock means the shares of common stock of Star Scientific, Inc. pledged by the X’Xxxxxxx Trust in support of the Obligations pursuant to the X’Xxxxxxx Stock Pledge Agreement to the extent freely tradeable.

Eligible Stock means common or preferred stock which (i) is not subject to statutory or contractual restrictions on sales, (ii) is traded on the New York Stock Exchange, American Stock Exchange or included in the Global Select Market Tier or Global Market Tier of NASDAQ and (iii) has, as of the close of trading on an applicable exchange (excluding after hours trading), a per share price of at least $15.

Eligible Stock means all Stock save for any Stock which, at any time and in the opinion of the Lender: