Common use of Capital Structure, Due Authorization and Issuance Clause in Contracts

Capital Structure, Due Authorization and Issuance. The capital structure of the Corporation consists solely of 20,000 shares of $10.00 par value capital stock of which 20,000 shares are and will be as of the Closing in Escrow Date and the Closing Date issued and outstanding. All issued and outstanding shares of the capital stock of the Corporation have been duly authorized and validly issued, are fully paid and non-assessable, and were issued in compliance with all federal and applicable state securities laws.

Appears in 1 contract

Samples: Shareholder Agreement (Dispatch Management Services Corp)

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Capital Structure, Due Authorization and Issuance. The capital structure of the Corporation consists solely of 20,000 50,000 shares of $10.00 1.00 par value capital stock of which 20,000 500 shares are and will be as of the Closing in Escrow Date and the Closing Date issued and outstanding. All issued and outstanding shares of the capital stock of the Corporation have been duly authorized and validly issued, are fully paid and non-assessable, and were issued in compliance with all federal and applicable state securities laws.

Appears in 1 contract

Samples: Shareholder Agreement (Dispatch Management Services Corp)

Capital Structure, Due Authorization and Issuance. The capital structure of the Corporation consists solely of 20,000 500,000 shares of $10.00 .05 par value capital stock of which 20,000 256,857 shares are and will be as of the Closing in Escrow Date and the Closing Date issued and outstanding. All issued and outstanding shares of the capital stock of the Corporation have been duly authorized and validly issued, are fully paid and non-assessable, and were issued in compliance with all federal and applicable state securities laws.

Appears in 1 contract

Samples: Shareholder Agreement (Dispatch Management Services Corp)

Capital Structure, Due Authorization and Issuance. The capital structure of the Corporation consists solely of 20,000 100,000 shares of $10.00 .01 par value capital stock of which 20,000 50,000 shares are and will be as of the Closing in Escrow Date and the Closing Date issued and outstanding. All issued and outstanding shares of the capital stock of the Corporation have been duly authorized and validly issued, are fully paid and non-assessable, and were issued in compliance with all federal and applicable state securities laws.

Appears in 1 contract

Samples: Shareholder Agreement (Dispatch Management Services Corp)

Capital Structure, Due Authorization and Issuance. The capital structure of the Corporation consists solely of 20,000 15,000 shares of $10.00 .01 par value capital stock of which 20,000 9,100 shares are and will be as of the Closing in Escrow Date and the Closing Date issued and outstanding. All issued and outstanding shares of the capital stock of the Corporation have been duly authorized and validly issued, are fully paid and non-assessable, and were issued in compliance with all federal and applicable state securities laws.

Appears in 1 contract

Samples: Shareholder Agreement (Dispatch Management Services Corp)

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Capital Structure, Due Authorization and Issuance. The authorized capital structure stock of the Corporation consists solely of 20,000 1,000 shares of $10.00 common stock, par value capital stock $1.00 per share, of which 20,000 500 shares are and will be as of the Closing in Escrow Date and the Closing Date issued and outstanding. All issued and outstanding shares of the capital stock of the Corporation have been duly authorized and validly issued, are fully paid and non-assessable, and were issued in compliance with all federal and applicable state securities laws.

Appears in 1 contract

Samples: Shareholder Agreement (Dispatch Management Services Corp)

Capital Structure, Due Authorization and Issuance. The capital structure of the Corporation consists solely of 20,000 an authorized share capital of one million shares of $10.00 (pounds)1 par value capital stock Ordinary Shares, of which 20,000 shares 75,000 are issued and outstanding, and will be consist solely of the foregoing as of the Closing in Escrow Date and the Closing Date issued and outstandingDate. All issued and outstanding shares of the capital stock of the Corporation have Stock has been duly authorized and validly issued, are fully paid and non-assessable, and were issued in compliance with all federal and applicable state securities laws.

Appears in 1 contract

Samples: Shareholder Agreement (Dispatch Management Services Corp)

Capital Structure, Due Authorization and Issuance. The capital structure of the Corporation consists solely of 20,000 200 shares of $10.00 no par value capital stock of which 20,000 66.66 shares are and will be as of the Closing in Escrow Date and the Closing Date issued and outstanding. All issued and outstanding shares of the capital stock of the Corporation have been duly authorized and validly issued, are fully paid and non-assessable, and were issued in compliance with all federal and applicable state securities laws.

Appears in 1 contract

Samples: Shareholder Agreement (Dispatch Management Services Corp)

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