Common use of TCI STOCK Clause in Contracts

TCI STOCK. At the time of issuance thereof and delivery to the Stockholders, the TCI Stock to be delivered to the Stockholders pursuant to this Agreement will constitute valid and legally issued shares of TCI, fully paid and nonassessable, and with the exception of restrictions upon resale set forth in Sections 15 and 16 hereof, will be identical in all substantive respects (which do not include the form of certificate upon which it is printed or the presence or absence of a CUSIP number on any such certificate) to the TCI Stock issued and outstanding as of the date hereof by reason of the provisions of the Delaware GCL. Except as set forth above, the TCI Stock issued and delivered to the Stockholders shall at the time of such issuance and delivery be free and clear of any liens, security interests, claims or encumbrances of any kind or character. The shares of TCI Stock to be issued to the Stockholders pursuant to this Agreement will not be registered under the 1933 Act except as provided in Section 17 hereof.