Common use of PALEX COMMON STOCK Clause in Contracts

PALEX COMMON STOCK. The shares of PalEx Common Stock to be issued to the Stockholders pursuant to the Merger, when issued in accordance with the terms of this Agreement, will be duly authorized, validly issued, fully paid and nonassessable. The issuance of PalEx Common Stock pursuant to the Merger will transfer to the Stockholders valid title to such shares of PalEx Common Stock, free and clear of all Encumbrances except as contemplated in this Agreement and for any Encumbrances created by the Stockholders.

PALEX COMMON STOCK. The shares of PalEx Common Stock to be issued to the Stockholders pursuant to the MergerMerger are duly authorized and, when issued in accordance with the terms of this Agreement, will be duly authorized, validly issued, fully paid and nonassessable. The issuance of PalEx Common Stock pursuant to the Merger will transfer to the Stockholders valid title to such shares of PalEx Common Stock, free and clear of all Encumbrances Encumbrances, except as contemplated in this Agreement and for any Encumbrances created by the Stockholders.

PALEX COMMON STOCK. The shares of PalEx Common Stock to be issued to the Stockholders Stockholder pursuant to the MergerMerger are duly authorized and, when issued in accordance with the terms of this Agreement, will be duly authorized, validly issued, fully paid and nonassessable. The issuance of PalEx Common Stock pursuant to the Merger will transfer to the Stockholders Stockholder valid title to such shares of PalEx Common Stock, free and clear of all Encumbrances Encumbrances, except as contemplated in this Agreement and for any Encumbrances created by the StockholdersStockholder.

PALEX COMMON STOCK. The shares of PalEx Common Stock to be issued to at the Stockholders pursuant to the MergerClosing, when issued in accordance with the terms of this Agreement, will be duly authorized, validly issued, fully paid and nonassessable. The issuance of PalEx Common Stock pursuant to in accordance with the Merger terms of this Agreement will transfer to the Stockholders Company valid title to such shares of PalEx Common Stock, free and clear of all Encumbrances except as contemplated in this Agreement and for any Encumbrances created by the StockholdersCompany.

PALEX COMMON STOCK. The shares of PalEx Common Stock to be issued to the Stockholders Seller pursuant to the MergerAcquisition, when issued in accordance with the terms of this Agreement, will be duly authorized, validly issued, fully paid and nonassessable. The issuance of PalEx Common Stock pursuant to the Merger Acquisition will transfer to the Stockholders Seller valid title to such shares of PalEx Common Stock, free and clear of all Encumbrances Encumbrances, except as contemplated in this Agreement and for any Encumbrances created by the StockholdersSeller.

PALEX COMMON STOCK. The shares of PalEx Common Stock to be issued to the Stockholders pursuant to the Merger, when issued in accordance with the terms of this Agreement, will be duly authorized, validly issued, fully paid and nonassessable. The issuance of PalEx Common Stock pursuant to the Merger will transfer to the Stockholders valid title to such shares of PalEx Common Stock, free and clear of all Encumbrances liens, encumbrances and claims of every kind except as contemplated in this Agreement and for any Encumbrances created by the Stockholders.