AUTHORITY; OWNERSHIP. Each Stockholder has the full legal right, power -------------------- and authority to enter into this Agreement. Each Stockholder owns beneficially and of record all of the shares of Company stock identified on Annex II as being owned by such Stockholder. The conversion of Company Stock into USFloral Stock and cash pursuant to the provisions of this Agreement will transfer to USFloral valid title in the shares of Company Stock owned by such Stockholder, free and clear of all liens, encumbrances and claims of every kind.
Appears in 3 contracts
Samples: Agreement and Plan of Contribution (U S a Floral Products Inc), Agreement and Plan of Contribution (U S a Floral Products Inc), Agreement and Plan of Contribution (U S a Floral Products Inc)
AUTHORITY; OWNERSHIP. Each The Stockholder has the full legal right, -------------------- power -------------------- and authority to enter into this Agreement. Each The Stockholder owns beneficially and of record all of the shares of Company stock identified on Annex II as being owned by such Stockholderhim. The conversion of Company Stock into USFloral Stock and cash pursuant to the provisions of this Agreement will transfer to USFloral valid title in the shares of Company Stock owned by such the Stockholder, free and clear of all liens, encumbrances and claims of every kind.
Appears in 1 contract
Samples: Agreement and Plan of Contribution (U S a Floral Products Inc)
