Common use of Representations of the Stockholders Clause in Contracts

Representations of the Stockholders. The Stockholders hereby represent and warrant to the Company and to each other as follow: a. As the Closing Date, the Stockholders will be the sole owners of their respective shares of the common stock of Tricom appearing of record in their names, such shares will be free from all claims, liens, or encumbrances, and the Stockholders will have the unqualified right to transfer the said shares. b. The said shares constitute validly issued shares of the common stock of Tricom and are fully paid and nonassessable. c. Tricom is and will be on the Closing Date in good standing as a Florida corporation.