Common use of HDS Stock Clause in Contracts

HDS Stock. The HDS Stock to be delivered to the STOCKHOLDERS on the --------- Closing Date shall constitute valid and legally issued shares of HDS, fully paid and nonassessable, and except as set forth in this Agreement, will be owned free and clear of all liens, security interests, pledges, charges, voting trusts, restrictions, encumbrances and claims of every kind created by HDS, and will be legally equivalent in all respects to the HDS Stock issued and outstanding as of the date hereof. The shares of HDS Stock to be issued to the STOCKHOLDERS pursuant to this Agreement will not be registered under the 0000 Xxx.

Appears in 2 contracts

Samples: Merger Agreement (Hospitality Design & Supply Inc), Merger Agreement (Hospitality Design & Supply Inc)

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HDS Stock. The HDS Stock to be delivered to the STOCKHOLDERS on the --------- Closing Date shall constitute valid and legally issued shares of HDS, fully paid and nonassessable, and except as set forth in this Agreement, will be owned free and clear of all liens, security interests, pledges, charges, voting trusts, restrictions, encumbrances and claims of every kind created or incurred by HDS, and will be legally equivalent in all respects to the HDS Stock issued and outstanding as of the date hereof. The shares of HDS Stock to be issued to the STOCKHOLDERS pursuant to this Agreement will not be registered under the 0000 Xxx.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Hospitality Design & Supply Inc)

HDS Stock. The HDS Stock to be delivered to the STOCKHOLDERS on the --------- Closing Date shall constitute valid and legally issued shares of HDS, fully paid and nonassessable, and except as set forth in this Agreement, will be owned free and clear of all liens, security interests, pledges, charges, voting trusts, restrictions, encumbrances and claims of every kind created by HDS, and will be legally equivalent in all respects to the HDS Stock issued and outstanding as of the date hereof. The shares of HDS Stock to be issued to the STOCKHOLDERS pursuant to under this Agreement will not be registered under the 0000 Xxx.

Appears in 1 contract

Samples: Merger Agreement (Hospitality Design & Supply Inc)

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HDS Stock. The HDS Stock to be delivered to the STOCKHOLDERS on the --------- Closing Date shall constitute valid and legally issued shares of HDS, fully paid and nonassessable, and except as set forth in this Agreement, will be owned free and clear of all liens, security interests, pledges, charges, voting trusts, restrictions, encumbrances and claims of every kind created by by, through or under HDS, and will be legally equivalent in all respects to the HDS Stock issued and outstanding as of the date hereof. The shares of HDS Stock to be issued to the STOCKHOLDERS pursuant to this Agreement will not be registered under the 0000 Xxx.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Hospitality Design & Supply Inc)

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