Common use of IHS Stock Clause in Contracts

IHS Stock. IHS has duly authorized and reserved for issuance the IHS Shares to be issued in connection herewith, and, when issued in accordance with the terms of Section 7, such IHS Shares will be validly issued, fully paid, and nonassessable and free of preemptive rights. IHS has complied, or will comply in a timely manner, and will act in compliance, with all applicable Governmental Requirements with respect to the issuance of the IHS Shares.

Appears in 1 contract

Samples: Agreement for Sale and Purchase of Assets (Integrated Health Services Inc)

AutoNDA by SimpleDocs

IHS Stock. IHS has duly authorized and reserved for issuance the IHS Shares Stock to be issued in connection herewith, and, when issued in accordance with the terms of Section Article 7, such IHS Shares Stock will be validly issued, fully paid, and nonassessable non-assessable and free of preemptive rights. IHS has complied, or will comply in a timely manner, and will act in compliance, with all applicable Governmental Requirements with respect to the issuance of the IHS Shares.

Appears in 1 contract

Samples: Agreement for Sale and Purchase of Assets (Integrated Health Services Inc)

IHS Stock. IHS has duly authorized and reserved for issuance the IHS Shares to be issued in connection herewith, with this Agreement and, when issued in accordance with the terms of Section 76 of this Agreement, such IHS Shares will be validly issued, fully paid, paid and nonassessable and free of preemptive rights. IHS has complied, or will comply in a timely manner, and will act in compliance, with all applicable Governmental Requirements with respect to the issuance of the IHS Sharesnonassessable.

Appears in 1 contract

Samples: Agreement for Sale and Purchase of Assets (Integrated Health Services Inc)

IHS Stock. IHS has duly authorized and reserved for issuance the IHS Shares Stock to be issued in connection herewith, and, and when issued in accordance with the terms of Section 7, paragraph 14 such IHS Shares Stock will be validly issued, fully paid, paid and nonassessable and free of preemptive rights. IHS has complied, or will comply in a timely manner, and will act in compliance, compliance with all applicable Governmental Requirements with respect to the issuance of the IHS SharesStock.

Appears in 1 contract

Samples: Agreement for Sale and Purchase of Assets (Integrated Health Services Inc)

AutoNDA by SimpleDocs

IHS Stock. IHS has duly authorized and reserved for issuance the IHS Shares Stock to be issued in connection herewith, and, and when issued in accordance with the terms of Section 7paragraph 4, such IHS Shares Stock will be validly issued, fully paid, paid and nonassessable and free of preemptive rights. IHS has complied, or will comply in a timely manner, and will act in compliance, with all applicable Governmental Requirements with respect to the issuance of the IHS Sharesnonassessable.

Appears in 1 contract

Samples: Agreement for Sale and Purchase of Assets (Integrated Health Services Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!