Common use of Dynamic Common Stock Clause in Contracts

Dynamic Common Stock. On the Closing Date, Dynamic will have a sufficient number of authorized but unissued and/or treasury shares of Dynamic Common Stock available for issuance to the Original ACS2 Stockholders in accordance with the provisions of this Agreement. The Dynamic Common Stock to be issued as Merger Consideration pursuant to the Agreement will, when so delivered, be duly and validly issued in accordance with all applicable federal and state securities laws, will be exempt from registration requirements of the 1933 Act and state "blue sky" laws, will be fully paid and nonassessable, and will be free and clear of preemptive or comparable rights.

Appears in 2 contracts

Samples: Merger Agreement (Dynamic Associates Inc), Merger Agreement (Dynamic Associates Inc)

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Dynamic Common Stock. On the Closing Date, Dynamic will have a sufficient number of authorized but unissued un-issued and/or treasury shares of Dynamic Common Stock available for issuance to the Original ACS2 Tele-Lawyer Stockholders in accordance with the provisions of this Agreement. The Dynamic Common Stock to be issued as Merger Consideration pursuant to the Agreement will, when so delivered, be duly and validly issued in accordance with all applicable federal and state securities laws, will be exempt from registration requirements of the 1933 Act and state "blue sky" laws, will be fully paid and nonassessablenon-assessable, and will be free and clear of preemptive or comparable rights.

Appears in 2 contracts

Samples: Merger Agreement (Dynamic Associates Inc), Merger Agreement (Dynamic Associates Inc)

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