Common use of Ownership of Stock Clause in Contracts

Ownership of Stock. .1. Shareholders are the record owners and holders of the number of fully paid and non-assessable shares of the Company listed in Schedule "A" hereto as of the date hereof and will continue to own such shares of the stock of the Company until the delivery thereof to the Purchaser on the closing date and all such shares of stock are or will be on the closing date owned free and clear of all liens, encumbrances, charges and assessments of every nature and subject to no restrictions with respect to transferability. The Shareholders will have full power and authority to assign and transfer their shares of the Company in accordance with the terms hereof.

Appears in 2 contracts

Samples: Share Exchange Agreement (Paloma Enterprises, Inc.), Share Exchange Agreement (Paloma Enterprises, Inc.)

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Ownership of Stock. .1. a. Each of the Shareholders are is the record owners owner and holders holder of the number of fully paid and non-assessable nonassessable shares of the common stock of the Company listed in Schedule "A" : hereto as of the date hereof and will continue to own such shares of the common stock of the Company until the delivery thereof to the Purchaser on the closing date and all such shares of common stock are or will be on the closing date owned free and clear of all liens, encumbrances, charges and assessments of every nature and subject to no restrictions with respect to transferabilitytransferablility. The Each of the Shareholders will have full power and authority to assign and transfer their his, her, or its shares of the Company in accordance with the terms hereof.

Appears in 1 contract

Samples: Stock for Stock Acquisition Agreement (Global Seafood Technologies Inc)

Ownership of Stock. .1. Shareholders are the record owners and holders of the number of fully paid and non-assessable shares of the Company listed in Schedule "A" hereto as of the date hereof and will continue to own such shares of the stock of the Company until the delivery thereof to the Purchaser on the closing date and all such shares of stock are or will be on the closing date owned free and clear of all liens, encumbrances, charges and assessments of every nature and subject to no restrictions with respect to transferability. The Shareholders will have full power and authority to assign and transfer their shares of the Company in accordance with the terms hereof.

Appears in 1 contract

Samples: Acquisition Agreement (Softwall Equipment Corp)

Ownership of Stock. .1..1. Shareholders are the record owners and holders of the number of fully paid and non-assessable shares of the Company listed in Schedule "A" hereto as of the date hereof and will continue to own such shares of the stock of the Company until the delivery transfer thereof to the Purchaser on the closing date and all such shares of stock are or will be on the closing date owned free and clear of all liens, encumbrances, charges and assessments of every nature and subject to no restrictions with respect to transferabilitytransfer. The Shareholders will have full power and authority to assign and transfer their shares of the Company in accordance with the terms hereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (Sonic Media Corp)

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Ownership of Stock. .1. Shareholders are the record and beneficial owners and holders of the number of fully paid and non-assessable nonassessable shares of the Company Company's common stock listed in Schedule "A" hereto 1.1 as of the this date hereof and will continue to own such these shares of the Company's common stock of the Company until the delivery thereof to the Purchaser on the closing date date, and all such shares of Company common stock are or will be on the closing date owned free and clear of all liens, encumbrances, charges and assessments of every nature and subject to no restrictions with respect to transferability. The Shareholders will on the closing date have full power and authority to assign and transfer their shares of the Company in accordance with the terms hereofthese terms.

Appears in 1 contract

Samples: Plan of Reorganization and Agreement (Umember Com Inc /Co/)

Ownership of Stock. .11. Shareholders are the record owners and holders of the number of fully paid and non-assessable nonassessable shares of the Company listed in Schedule "A" hereto as of the date hereof and will continue to own such shares of the stock of the Company until the delivery thereof to the Purchaser on the closing date and all such shares of stock are or will be on the closing date owned free and clear of all liens, encumbrances, charges and assessments of every nature and subject to no restrictions with respect to transferability. The Shareholders will have full power and authority to assign and transfer their shares of the Company in accordance with the terms hereof.

Appears in 1 contract

Samples: Acquisition Agreement (Teletek Inc)

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