Common Stock Portion definition
Examples of Common Stock Portion in a sentence
For purpose of this Section 5.1, "the Company" shall mean ILD, "Shares" shall mean the Common Stock Portion of the Purchase Price; and "the holders of the Shares" shall mean WorldCom and/or its permitted assigns or successors.
The issuance, sale and delivery of the Preferred Stock Portion and the Common Stock Portion will have been duly authorized by the Closing Date by all necessary corporate action on the part of ILD.
If WorldCom at any time and from time to time should desire to sell the Preferred Stock Portion or the Common Stock Portion, it shall give ILD notice of such intention setting forth the terms upon which it proposes to make such sale and give ILD the first right to purchase all of such securities or such lesser portion as may be selected by ILD.
Any adjustment to the Purchase Price hereunder shall be accomplished only through adjustment to payments under the Note as set forth in the Note, and neither the Common Stock Portion nor the Cash Portion of the Purchase Price shall be adjusted subsequent to Closing.
The total aggregate value of the Common Stock Portion shall equal One Million Fifty Thousand Dollars ($1,050,000).
Except as set forth in Section 6.10 hereof, any adjustment to the Purchase Price hereunder shall be accomplished only through adjustment to payments under the Adjustable Note as set forth in the Adjustable Note, and none of the Common Stock Portion, the Cash Portion or the Non-Adjustable Note Portion of the Purchase Price shall be adjusted subsequent to Closing.
Each issued and outstanding share of Company Common Stock shall be entitled to its pro rata share of the Common Stock Portion, based upon the total number of shares of Company Common Stock outstanding at the Effective Time.
The total value of all of the Common Stock Portion and Preferred Stock Portion paid to the Shareholders collectively represents not less than fifty percent (50%) of the total Merger Consideration.
Each share of Common Stock outstanding immediately prior to the Effective Time (other than any shares of Common Stock held in the treasury of the Company immediately prior to the Effective Time, which shares shall be canceled and extinguished without any payment being made in respect thereof, or any Company Dissenting Shares) shall be converted into the right to receive a number of Parent Common Shares equal to the Common Stock Portion and the Additional Stockholder Consideration Portion.
The total aggregate value of the Common Stock Portion shall equal Nine Hundred Thousand Dollars ($900,000).