Outstanding Stock of the Company Sample Clauses

Outstanding Stock of the Company. The authorized capital stock of the Company consists of one hundred thousand (100,000) shares of common stock, no par value per share, of which three hundred seven and two-tenths (307 2/10) shares are issued and outstanding. All of the Company's issued and outstanding shares of stock have been validly issued to Stockholder and to Jeanxxxxx Xxxxxxx, Xxustee of the Kerr Xxxritable Trust dated May 28, 1997 (the "Other Stockholder"), and are fully paid and nonassessable and are not subject to any preemptive or other similar rights. There are no accrued and unpaid dividends on the preferred stock. Stockholder and the Other Stockholder are each the owner, beneficially and of record, of fifty percent (50%) of the issued and outstanding shares of the Company free and clear of all restrictions of any kind, nature or description. The Company has not authorized or issued any securities other than to Stockholder and to the Other Stockholder, and no person, corporation or entity holds any option, warrant or right to purchase or otherwise acquire any shares of capital stock of the Company. Stockholder and the Other Stockholder have not entered into any agreement with any former stockholder of the Company, if any, regarding the sale, transfer or disposition of the capital stock or Assets of the Company or in any manner affecting the capital stock or Assets of the Company.
Sample 1
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Outstanding Stock of the Company. The authorized capital stock of the Company consists of one hundred thousand (100,000) shares of common stock, no par value per share, of which three hundred seven and two-tenths (307 2/10) shares are issued and outstanding. All of the Company's issued and outstanding shares of stock have been validly issued to Stockholder and to Jeffxxx X. Xxxx (xxe "Other Stockholder"), and are fully paid and nonassessable and are not subject to any preemptive or other similar rights. There are no accrued and unpaid dividends on the preferred stock. Stockholder and the Other Stockholder are each the owner, beneficially and of record, of fifty percent (50%) of the issued and outstanding shares of the Company free and clear of all restrictions of any kind, nature or description. The Company has not authorized or issued any securities other than to Stockholder and to the Other Stockholder, and no person, corporation or entity holds any option, warrant or right to purchase or otherwise acquire any shares of capital stock of the Company. Stockholder and the Other Stockholder have not entered into any agreement with any former stockholder of the Company, if any, regarding the sale, transfer or disposition of the capital stock or Assets of the Company or in any manner affecting the capital stock or Assets of the Company.
Sample 1

Related to Outstanding Stock of the Company

  • Outstanding Stock All issued and outstanding shares of capital stock and equity interests in the Company have been duly authorized and validly issued and are fully paid and non-assessable.

  • Outstanding Capital Stock The outstanding shares of capital stock of the Company have been duly authorized and validly issued and are fully paid and non-assessable; none of the outstanding shares of capital stock of the Company was issued in violation of any preemptive or similar rights of any stockholder of the Company.

  • Outstanding Common Stock The number of shares of Common Stock at any time outstanding shall (A) not include any shares thereof then directly or indirectly owned or held by or for the account of the Issuer or any of its Subsidiaries, and (B) be deemed to include all shares of Common Stock then issuable upon conversion, exercise or exchange of any then outstanding Common Stock Equivalents or any other evidences of Indebtedness, shares of Capital Stock or other Securities which are or may be at any time convertible into or exchangeable for shares of Common Stock or Other Common Stock.

  • Outstanding Warrants The Warrants outstanding at any time are all Warrants evidenced on all Warrant Certificates authenticated by the Warrant Agent except for those canceled by it and those delivered to it for cancellation. A Warrant ceases to be outstanding if the Company or an Affiliate of the Company holds the Warrant. If a Warrant Certificate is replaced pursuant to Section 2.06, the Warrants evidenced thereby cease to be outstanding unless the Warrant Agent and the Company receive proof satisfactory to them that the replaced Warrant Certificate is held by a bona fide purchaser.

  • Outstanding Shares On the Closing Date, Pubco will have not more than 95,366,525 common shares issued and outstanding in the capital of Pubco after giving effect to the cancellation and issuance of the Pubco Shares contemplated in this Agreement, and to the private placement agreement referenced in below article 6.13.

  • Authorized and Outstanding Stock (a) The authorized capital stock of the Company consists of 500,000,000 shares of common stock of the Company, par value $0.0001 per share (“Common Stock”) and 7,000,000 shares of preferred stock, par value $0.0001 per share (“Preferred Stock”). Of such Preferred Stock, 4,000,000 shares are designated as Series A Preferred Stock and upon the filing of the Certificate of Designation with the Secretary of State of the State of Delaware, 800,000 shares will be designated as the Series B Preferred Stock.

  • Authorized and Outstanding Capital Stock As of the date hereof, the authorized capital stock of the Company consists of (A) 750,000,000 shares of Common Stock, and (B) 50,000,000 shares of Preferred Stock, none of which are issued and outstanding. No shares of Common Stock are held in the treasury of the Company.

  • Outstanding Debt Neither the Company nor any Subsidiary has any Debt outstanding except as permitted by paragraph 6B(2). There exists no payment default or other default in any material respect under the provisions of any instrument evidencing such Debt or of any agreement relating thereto.

  • Class A Common Stock Subject to applicable law and the rights, if any, of the holders of any outstanding series of Preferred Stock having a preference over or the right to participate with the Class A Common Stock with respect to the payment of dividends and other distributions in cash, stock of any corporation or property of the Corporation, the holders of Class A Common Stock shall be entitled to receive ratably, taken together as a single class, in proportion to the number of shares held by each such stockholder such dividends and other distributions as may from time to time be declared by the Board in its discretion out of the assets of the Corporation that are by law available therefor at such times and in such amounts as the Board in its discretion shall determine.

  • Outstanding With respect to the Loans, the aggregate unpaid principal thereof as of any date of determination.

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