Common use of HOME STOCK Clause in Contracts

HOME STOCK. At the time of issuance thereof and delivery to the Stockholders, the Home Stock to be delivered to the Stockholders pursuant to this Agreement will constitute valid and legally issued shares of Home, fully paid and nonassessable, and with the exception of restrictions upon resale set forth in Sections 15 and 16 hereof, will be identical in all substantive respects (which do not include the form of certificate upon which it is printed or the presence or absence of a CUSIP number on any such certificate) to the Home Stock issued and outstanding as of the date hereof by reason of the provisions of the Delaware GCL. The Home Stock issued and delivered to the Stockholders shall at the time of such issuance and delivery be free and clear of any liens, claims or encumbrances of any kind or character. The shares of Home Stock to be issued to the Stockholders pursuant to this Agreement will not be registered under the 1933 Act, except as provided in Section 17 hereof.

Appears in 5 contracts

Samples: Merger Agreement (Homeusa Inc), Merger Agreement (Homeusa Inc), Merger Agreement (Homeusa Inc)

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HOME STOCK. At the time of issuance thereof and delivery to the StockholdersStockholder, the Home Stock to be delivered to the Stockholders Stockholder pursuant to this Agreement will constitute valid and legally issued shares of Home, fully paid and nonassessable, and with the exception of restrictions upon resale set forth in Sections 15 and 16 hereof, will be identical in all substantive respects (which do not include the form of certificate upon which it is printed or the presence or absence of a CUSIP number on any such certificate) to the Home Stock issued and outstanding as of the date hereof by reason of the provisions of the Delaware GCL. The Home Stock issued and delivered to the Stockholders Stockholder shall at the time of such issuance and delivery be free and clear of any liens, claims or encumbrances of any kind or character. The shares of Home Stock to be issued to the Stockholders Stockholder pursuant to this Agreement will not be registered under the 1933 Act, except as provided in Section 17 hereof.

Appears in 2 contracts

Samples: Merger Agreement (Homeusa Inc), Merger Agreement (Homeusa Inc)

HOME STOCK. At the time of issuance thereof and delivery to the StockholdersOwners, the Home Stock to be delivered to the Stockholders Owners pursuant to this Agreement will constitute valid and legally issued shares of Home, fully paid and nonassessable, and with the exception of restrictions upon resale set forth in Sections 15 and 16 hereof, will be identical in all substantive respects (which do not include the form of certificate upon which it is printed or the presence or absence of a CUSIP number on any such certificate) to the Home Stock issued and outstanding as of the date hereof by reason of the provisions of the Delaware GCL. The Home Stock issued and delivered to the Stockholders Owners shall at the time of such issuance and delivery be free and clear of any liens, claims or encumbrances of any kind or character. The shares of Home Stock to be issued to the Stockholders Owners pursuant to this Agreement will not be registered under the 1933 Act, except as provided in Section 17 hereof.

Appears in 1 contract

Samples: Agreement and Plan of Organization (Homeusa Inc)

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HOME STOCK. At the time of issuance thereof and delivery to the Stockholders, the Home Stock to be delivered to the Stockholders pursuant to this Agreement will constitute valid and legally issued shares of Home, fully paid and nonassessable, and with the exception of restrictions upon pon resale set forth in Sections 15 and 16 hereof, will be identical in all substantive respects (which do not include the form of certificate upon which it is printed or the presence or absence of a CUSIP number on any such certificate) to the Home Stock issued and outstanding as of the date hereof by reason of the provisions of the Delaware GCL. The Home Stock issued and delivered to the Stockholders shall at the time of such issuance and delivery be free and clear of any liens, claims or encumbrances of any kind or character. The shares of Home Stock to be issued to the Stockholders pursuant to this Agreement will not be registered under the 1933 Act, except as provided in Section 17 hereof.

Appears in 1 contract

Samples: Merger Agreement (Homeusa Inc)

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