Common use of Buyer Common Stock Clause in Contracts

Buyer Common Stock. Buyer Common Stock to be issued pursuant to this Agreement is duly authorized and, when issued at the Effective Time, will be validly issued, fully paid and nonassessable and not subject to preemptive rights, with no personal liability attaching thereto.

Appears in 2 contracts

Samples: Affiliation Agreement (Ust Corp /Ma/), Affiliation Agreement and Plan of Reorganization (Ust Corp /Ma/)

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Buyer Common Stock. The Buyer Common Stock to be issued pursuant to this Agreement in connection with the Acquisition Merger is duly authorized and, when issued at the Effective Timein accordance with Article II hereof, will be validly issued, fully paid and nonassessable and not subject to preemptive rights, with no personal liability attaching thereto.

Appears in 1 contract

Samples: Reorganization Agreement (Vermont Financial Services Corp)

Buyer Common Stock. Buyer Common Stock to be issued pursuant to this Agreement is duly authorized and, when issued at the Effective Time, will be validly issued, fully paid and nonassessable and not subject to preemptive rights, with no personal liability attaching theretothereto and will have the same rights in all respects as the shares of the Buyer Common Stock outstanding on the date of issuance.

Appears in 1 contract

Samples: Affiliation Agreement (Ust Corp /Ma/)

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Buyer Common Stock. Buyer The shares of Buyer's Common Stock to be issued pursuant to this Agreement is duly authorized andin connection with the purchase of the Purchased Assets, when issued at in accordance with the Effective Timeterms and provisions of this Agreement, will be duly authorized, validly issued, fully paid and nonassessable non-assessable and will not be subject to any preemptive rights, with no personal liability attaching theretoor other statutory right of stockholders.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Fastcomm Communications Corp)

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