Ownership of Company Equity Interests Sample Clauses

Ownership of Company Equity Interests. As of the date of this Agreement, none of Parent, AcquisitionCo or Merger Sub is the record or beneficial owner of any Equity Interests of the Company.
Ownership of Company Equity Interests. (a) Such Seller is the sole record and beneficial owner of the Company Equity Interests listed opposite such Seller’s name in Section 2.1 of the Company Disclosure Letter. Such Seller has good title to all such Company Equity Interests, free and clear of any Lien (other than any transfer restrictions imposed by federal and state securities laws and except as set forth in Section 2.1(a) of the Company Disclosure Letter) and this Agreement, together with the other documents executed and delivered by such Seller at the Closing, will be effective to transfer valid title to all such Company Equity Interests to Buyer, free and clear of all Liens (other than any transfer restrictions imposed by federal and state securities laws, and other than Liens created as result of actions by, or the identity of, the Buyer or its Affiliates). “Lien” means any lien, charge, pledge, security interest, mortgage, claim or other encumbrance, other than any Permitted Lien. Except for such Company Equity Interests and the Preferred Stock and the rights conferred thereon under the Company’s Articles of Incorporation as amended, such Seller does not own of record or beneficially, or have any interest in or right to acquire, any equity interests in the Company. As of the Closing, the Preferred Stock will have been redeemed in full by the Company pursuant to the Redemption in accordance with applicable federal and state securities and corporate laws and Section III(6) of Article FIFTH of the Company’s Articles of Incorporation, as amended, and the payment of the Redemption Price to the applicable Seller holding the Preferred Stock shall constitute payment in full to such Seller in respect of the redemption rights of such Seller under Section III(6) of Article FIFTH of the Articles of Incorporation, as amended, and extinguish any further rights or privileges Seller has with respect to such Preferred Stock. Prior to the earlier of the Closing and the termination of this Agreement pursuant to Section 7.1, such Seller shall not, directly or indirectly:
Ownership of Company Equity Interests. As of the date of this Agreement, other than 36,897 shares of Company Common Stock held by Parent and any Shares of Company Common Stock which Parent, Intermediate Sub or Merger Sub may be deemed to be the beneficial owner of as a result of any Voting Agreement, none of Parent, Intermediate Sub or Merger Sub is the record or beneficial owner of any Equity Interests of the Company or any of its subsidiaries. For a period of at least 3 years prior to the date of this Agreement and any such Voting Agreement, none of Parent, Intermediate Sub or Merger Sub, or any of their respective affiliates or associates, was an interested stockholder (with the terms “affiliates,” “associates,” and “interested stockholder” having the respective meanings assigned to those terms in Section 203 of the DGCL).
Ownership of Company Equity Interests. Such Seller owns of record and beneficially one outstanding Company Equity Interest set forth opposite its name on Sections 1.1 and 2.3(b) of the Company Disclosure Schedule. Such Equity Interest is, and when transferred by such Seller to the Purchasers pursuant to this Agreement will be, duly authorized, fully paid, and free and clear of any and all Liens.
Ownership of Company Equity Interests. As of the date of this Agreement, none of the Guarantors, Parent, Merger Sub or any of their respective Affiliates or associates is the record or beneficial owner of any Equity Interests of the Company. Table of Contents
Ownership of Company Equity Interests. Such Stockholder is the record and Beneficial Owner of the Company Equity Interests set forth opposite such Stockholder's name on SCHEDULE II hereto free and clear of all Liens (except for those created hereunder, and under the Original Agreement, the Warrant Agreement, dated as of the date hereof, in favor of Citicorp USA, Inc. and the SiteSmith/ Xxxxxxxx Note (in the case of Xxxx Xxxxxxxx only)), and there are no options, warrants or other rights, agreements, arrangements or commitments of any character or nature whatsoever to which such Stockholder or any of its Affiliates or Associates is a party relating to the holding, pledge, disposition, acquisition or voting of any such Company Equity Interests, and there are no voting trusts or voting agreements with respect to such Company Equity Interests. The Company Equity Interests set forth opposite such Stockholder's name on SCHEDULE II, as applicable, constitute all of the Company Equity Interests Beneficially Owned or owned of record by such Stockholder and any of its Affiliates or Associates, and neither such Stockholder nor any of its Affiliates or Associates has any options, warrants or other rights (including, without limitation, through derivative transactions) to acquire any additional Company Equity Interests (or, in either case, any Security exercisable or exchangeable for, or convertible into, any such interests). Except for another Stockholder otherwise set forth on SCHEDULE II hereto, no Associate of such Stockholder owns any Company Equity Interests.
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Related to Ownership of Company Equity Interests

  • Ownership of Company Shares The Shareholder is the record and/or “beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended, which meaning will apply for all purposes of this Agreement) of the number of outstanding Company Shares set forth in the recitals to this Agreement. Also set forth in the recitals to this Agreement is the number of Company Shares issuable upon the exercise of the Options. The Shareholder holds the requisite power to vote the number of Company Shares set forth in the recitals to this Agreement.

  • Ownership of Company Capital Stock Neither Parent nor Merger Sub is, nor at any time during the last three (3) years has it been, an “interested stockholder” of the Company as defined in Section 203 of the DGCL (other than as contemplated by this Agreement).

  • Ownership of Company Stock None of the Investor nor any of its controlled Affiliates owns any capital stock or other equity or equity-linked securities of the Company.

  • Ownership of Subsidiaries The Borrower will, and will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that each of its Subsidiaries is a wholly owned Subsidiary.

  • Ownership of Membership Interests The Member shall own all of the membership interests in the Company and the Member shall have a 100% distributive share of the Company’s profits, losses and cash flow.

  • Ownership of Company Common Stock Neither Parent nor any of its Subsidiaries own any shares of Company Common Stock (or other securities convertible into, exchangeable for or exercisable for shares of Company Common Stock).

  • Ownership of Common Stock None of Parent, either Merger Sub or any of their respective Subsidiaries or Affiliates beneficially owns, directly or indirectly (including pursuant to a derivatives contract), any shares of Company Common Stock or other securities convertible into, exchangeable for or exercisable for shares of Company Common Stock or any securities of any Subsidiary of the Company, and none of Parent, either Merger Sub or any of their respective Subsidiaries or Affiliates has any rights to acquire, directly or indirectly, any shares of Company Common Stock, except pursuant to this Agreement. None of Parent, either Merger Sub or any of their “affiliates” or “associates” is, or at any time during the last three years has been, an “interested stockholder” of the Company, in each case as defined in Section 203 of the DGCL.

  • Organization and Ownership of Shares of Subsidiaries (a) Schedule 5.4 contains (except as noted therein) complete and correct lists of the Company’s Restricted and Unrestricted Subsidiaries as of the Execution Date, showing, as to each Subsidiary, the correct name thereof, the jurisdiction of its organization and, with respect to each Material Subsidiary, the percentage of shares of each class of its Capital Stock outstanding owned by the Company and each other Subsidiary. (b) All of the outstanding shares of Capital Stock of each Subsidiary owned by the Company and its Subsidiaries have been validly issued, are fully paid and nonassessable and are owned by the Company or another Subsidiary free and clear of any Lien (except as otherwise disclosed in Schedule 5.4). (c) Each Subsidiary is a corporation or other legal entity duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, and is duly qualified as a foreign corporation or other legal entity and is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each such Subsidiary has the corporate or other power and authority to own or hold under lease the properties it purports to own or hold under lease and to transact the business it transacts and proposes to transact. (d) No Subsidiary is a party to, or otherwise subject to, any legal, regulatory, contractual or other restriction (other than this Agreement, the agreements listed on Schedule 5.4 and customary limitations imposed by corporate law or similar statutes) restricting its ability to make Restricted Payments to the Company or any of its Subsidiaries that owns outstanding shares of Capital Stock of such Subsidiary, except for such restrictions that do not impair the Company’s ability to perform its obligations under this Agreement, including, without limitation, its obligation to make payments hereunder and under the Notes.

  • Ownership of Shares The ownership of Shares shall be recorded on the books of the Trust or a transfer or similar agent for the Trust, which books shall be maintained separately for the Shares of each Series (and class). No certificates evidencing the ownership of Shares shall be issued except as the Board of Trustees may otherwise determine from time to time. The Trustees may make such rules as they consider appropriate for the transfer of Shares of each Series (and class) and similar matters. The record books of the Trust as kept by the Trust or any transfer or similar agent, as the case may be, shall be conclusive as to the identity of the Shareholders of each Series (and class) and as to the number of Shares of each Series (and class) held from time to time by each Shareholder.

  • Organization and Ownership of Shares of Subsidiaries; Affiliates (a) Schedule 5.4 contains (except as noted therein) complete and correct lists of (1) the Parent Guarantor’s Subsidiaries, showing, as to each Subsidiary, the name thereof, the jurisdiction of its organization, the percentage of shares of each class of its Capital Stock outstanding owned by the Parent Guarantor and each other Subsidiary and whether such Subsidiary is a Qualified Asset Guarantor or another Subsidiary Guarantor, (2) the Unconsolidated Affiliates, and (3) each Constituent Company’s directors and senior officers. (b) All of the outstanding shares of Capital Stock of each Subsidiary shown in Schedule 5.4 as being owned by the Parent Guarantor and its Subsidiaries have been validly issued, are fully paid and non-assessable and are owned by the Parent Guarantor or another Subsidiary free and clear of any Lien that is prohibited by this Agreement. (c) Each Subsidiary (other than a Subsidiary Guarantor) is a corporation or other legal entity duly organized, validly existing and, where applicable, in good standing under the laws of its jurisdiction of organization, and is duly qualified as a foreign corporation or other legal entity and, where applicable, is in good standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each such Subsidiary has the corporate or other power and authority to own or hold under lease the properties it purports to own or hold under lease and to transact the business it transacts and proposes to transact, except where the failure to do so could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (d) No Subsidiary is subject to any legal, regulatory, contractual or other restriction (other than the agreements listed on Schedule 5.4 and customary limitations imposed by corporate law or similar statutes) restricting the ability of such Subsidiary to pay dividends out of profits or make any other similar distributions of profits to the Parent Guarantor or any of its Subsidiaries that owns outstanding shares of Capital Stock of such Subsidiary.

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