Common use of Deliverance of Shares Clause in Contracts

Deliverance of Shares. As of the Closing Date, the Kelly's Shares to be delivered to AmeriResource will be restricted and constitute valid and legally issued shares of Kelly's fully paid and non-assessable and equivalent in all respects to all other issued and outstanding shares of Kelly's restricted stock.

Appears in 3 contracts

Samples: Stock Exchange Agreement (Kellys Coffee Group Inc), Stock Exchange Agreement (Ameriresource Technologies Inc), Stock Exchange Agreement (Ameriresource Technologies Inc)

AutoNDA by SimpleDocs

Deliverance of Shares. As of the Closing Date, the Kelly's Shares to be delivered to AmeriResource Ameriresource will be restricted and constitute valid and legally issued shares of Kelly's fully paid and non-assessable and equivalent in all respects to all other issued and outstanding shares of Kelly's restricted stock.

Appears in 1 contract

Samples: Stock Exchange Agreement (Kellys Coffee Group Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.