First Place Common Stock Sample Clauses

The 'First Place Common Stock' clause defines a specific class of common stock that holds a priority position relative to other common stock classes. Typically, this means that holders of First Place Common Stock may receive dividends or distributions before other common shareholders, or may have enhanced voting rights or conversion privileges. This clause is used to distinguish and protect the interests of certain investors or founders by granting them preferential treatment within the common stock structure, thereby ensuring their interests are prioritized in key corporate actions or financial events.
First Place Common Stock. Each share of First Place common stock, par value $0.01 per share, (“First Place Common Stock”) that is issued and outstanding immediately prior to the Effective Time shall remain issued and outstanding and shall be unchanged by the Merger.
View SourceView Similar (4)
First Place Common Stock. Except for shares of First Place Common ------------------------ Stock owned by FFY or any of its Subsidiaries (other than Trust Account Shares and DPC Shares), which shall be converted into treasury stock of First Place as contemplated by Section 1.4 hereof, the shares of First Place Common Stock issued and outstanding immediately prior to the Effective Time shall be unaffected by the Merger and at the Effective Time, such shares shall remain issued and outstanding.
View SourceView Similar (2)

Related to First Place Common Stock

  • Common Stock 1 Company........................................................................1

  • Merger Sub Common Stock At the Effective Time, each share of common stock, par value $0.01 per share, of Merger Sub (“Merger Sub Common Stock”) issued and outstanding immediately prior to the Effective Time shall be automatically converted into one fully paid and nonassessable share of common stock, par value $0.01 per share, of the Surviving Corporation.

  • Common Shares 4 Company...................................................................................... 4

  • Conversion of Merger Sub Common Stock At the Effective Time, each share of Merger Sub Common Stock that is issued and outstanding immediately prior to the Effective Time shall be converted into one validly issued, fully paid and nonassessable share of Common Stock, $0.0001 par value per share, of the Surviving Corporation, and the shares of the Surviving Corporation into which the shares of Merger Sub Common Stock are so converted shall be the only shares of Company Common Stock that are issued and outstanding immediately after the Effective Time.

  • Ordinary Shares The Ordinary Shares included in the Units have been duly authorized and, when issued and delivered against payment for the Offered Securities by the Underwriters pursuant to this Agreement and registered in the Company’s register of members, will be validly issued, fully paid and non-assessable. The holders of such Ordinary Shares are not and will not be subject to personal liability by reason of being such holders; such Ordinary Shares are not and will not be subject to any preemptive or other similar contractual rights granted by the Company.