Authorization of the Preferred Stock. The Company shall authorize the issuance and sale to the Purchasers of 30,000 shares of its Series A Preferred Stock, par value $.01 per share (the "Preferred Stock"), having the rights and preferences set forth in Exhibit A attached hereto. The Preferred Stock is convertible into shares of the Company's Common Stock, par value $.01 per share (the "Common Stock").
Authorization of the Preferred Stock. The Preferred Stock represented by the Shares has been duly authorized and, when the Shares are issued and delivered against payment of the Purchase Price therefor pursuant to this Agreement, the Preferred Stock will be validly issued, fully paid and non-assessable and not subject to any preemptive or similar rights, and will have the rights set forth in the Certificate of Designations for the Preferred Stock.
Authorization of the Preferred Stock. (i) The deposit of the shares of Preferred Stock by the Company in accordance with the Deposit Agreement has been duly authorized by the Company, (ii) the shares of Preferred Stock and the Depositary Shares have been duly authorized, and when the Securities are issued and delivered pursuant to this Agreement such Securities will be duly and validly issued and fully paid and nonassessable and (iii) assuming due execution and delivery of the Depositary Receipts and the Deposit Agreement by the Depositary, each Depositary Receipt will be duly and validly issued and will entitle the holder thereof to the benefits provided therein and in the Deposit Agreement.
Authorization of the Preferred Stock. The Company shall authorize the issuance and sale to the Purchasers of 2,000,000 shares of its Series A Convertible Preferred Stock (the "Preferred Stock"), having the rights and preferences set forth in Exhibit A attached hereto. The Preferred Stock is convertible into shares of the Company's Common Stock (the "Common Stock").
Authorization of the Preferred Stock. The Company shall authorize the issuance and sale to the Purchasers of 110,000 shares of its Class M Redeemable Voting Convertible Preferred Stock, par value $0.01 per share (the "PREFERRED STOCK"), having the rights and preferences set forth with respect thereto in the Certificate of Designation attached hereto as EXHIBIT A. The Preferred Stock is convertible into shares of the Company's Class A Common Stock, par value $0.01 per share (the "CLASS A COMMON STOCK"), in the manner and upon the terms and conditions set forth in the Certificate of Designation (as defined in Section 2B below).
Authorization of the Preferred Stock. The Company shall authorize the issuance and sale to METAMOR WORLDWIDE of two thousand (2,000) shares (the "Shares") of its Series D Convertible Redeemable Preferred Stock, par value $.01 per share (the "Preferred Stock").
Authorization of the Preferred Stock. The shares of Preferred Stock to be issued by the Company to the Trust under the Stock Purchase Contracts on the Stock Purchase Date have been duly and validly authorized and, when issued and delivered against payment therefor as provided in the Stock Purchase Contract Agreement and as provided in the Company’s Articles of Organization, will be duly and validly issued, fully paid and non-assessable and will conform in all material respects to the descriptions thereof in the General Disclosure Package and the Final Prospectus.
Authorization of the Preferred Stock. The Company will authorize the issuance and sale to the Purchasers of up to 4,000,000 shares of Preferred Stock upon the terms and subject to the conditions of this Agreement. The Company will reserve a sufficient number of shares of Common Stock, $.01 par value, of the Company (the "Common Stock"), for issuance upon conversion of the Preferred Stock.
Authorization of the Preferred Stock. The Preferred Stock, when issued by the Company, may be freely deposited by the Company with the Depositary against issuance of the Securities; the Preferred Stock has been duly authorized by the Company for issuance and deposit, and, when issued and deposited against issuance of the Securities, and upon the filing and effectiveness of the Certificate of Designation, will be validly issued, fully paid and non-assessable and will conform in all material respects to the descriptions thereof in the Registration Statement, the General Disclosure Package and the Prospectus; upon payment of the purchase price for the Securities and deposit of the Preferred Stock against issuance of the Securities in accordance with this Agreement and the Deposit Agreement, the Underwriters will receive good, valid and marketable title to the Securities, free and clear of any Liens; no holder of the Preferred Stock will be subject to personal liability solely by reason of being such a holder; and the issuance of the Preferred Stock is not be subject to any preemptive or similar rights.
Authorization of the Preferred Stock. The Company proposes to designate, authorize and create the following series of its preferred stock: (a) Series A Stock, consisting of 10,000,000 shares and having the designation, powers, preferences and rights and the qualifications, limitations or restrictions thereof set forth in the Series A Certificate, which Series A Certificate shall become part of the Articles as filed with the Secretary of State of Texas or the terms thereof shall be incorporated into an amended and restated Articles, in either case, to be filed with the Secretary of State of Texas immediately following the receipt of shareholder approval in accordance with Section 6.8 hereof; and (b) Series B Stock, consisting of 10,000,000 shares and having the designations, powers, preferences and rights and the qualifications, limitations or restrictions thereof set forth in the Series B Certificate, which Series B Certificate shall become part of the Articles, in either case, to be filed with the Secretary of State of Texas or the terms thereof shall be incorporated into an amended and restated Articles as filed with the Secretary of State of Texas immediately following the receipt of shareholder approval in accordance with Section 6.8 hereof.
