Common use of Valid Title to Purchased Stock Clause in Contracts

Valid Title to Purchased Stock. Shareholders have in accordance with -------------------------------- SCHEDULE 3.5, and will deliver to Buyer, valid and marketable title to the Stock at the Closing, free and clear of any claims, liens, pledges, charges, encumbrances, mortgages, security interests, options, preemptive or other rights, restrictions on transfer or other interests or equities or any other imperfections of title whatsoever. Each Shareholder represents and warrants that he has full power and lawful authority to execute and deliver this Agreement and to consummate and perform the transactions contemplated hereby; and that the execution and delivery of this Agreement by him and the consummation and performance of the transactions contemplated hereby by him are and will be the legal, valid and binding obligations of such Shareholder, enforceable against him in accordance with their terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Vi Group PLC)

AutoNDA by SimpleDocs

Valid Title to Purchased Stock. Shareholders have in accordance with -------------------------------- SCHEDULE 3.5, and The Sellers will deliver to Buyer, valid and marketable title to the Purchased Stock at the Closing, free and clear of any claims, liens, pledges, charges, encumbrances, mortgages, security security, interests, options, preemptive or other rights, restrictions on transfer or other interests interest or equities or any other imperfections of title whatsoever. Each Shareholder Seller, as to himself only, represents and warrants that he has full power and lawful authority to execute and deliver this Agreement and to consummate and perform the transactions contemplated hereby; and that the execution and delivery of this Agreement by him and the consummation and performance of the transactions contemplated hereby by him are and will be the legal, valid and binding obligations obligation of such ShareholderSeller, enforceable against him in accordance with their terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Modern Technology Corp)

Valid Title to Purchased Stock. Shareholders have in accordance with -------------------------------- SCHEDULE 3.5, and The Seller will deliver to Buyer, valid and marketable title to the Purchased Stock at the Closing, free and clear of any claims, liens, pledges, charges, encumbrances, mortgages, security security, interests, options, preemptive or other rights, restrictions on transfer or other interests interest or equities or any other imperfections of title whatsoever. Each Shareholder Seller represents and warrants that he has full power and lawful authority to execute and deliver this Agreement and to consummate and perform the transactions contemplated hereby; and that the execution and delivery of this Agreement by him and the consummation and performance of the transactions contemplated hereby by him are and will be the legal, valid and binding obligations obligation of such ShareholderSeller, enforceable against him in accordance with their terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Traqiq, Inc.)

Valid Title to Purchased Stock. Shareholders have in accordance with -------------------------------- SCHEDULE 3.5, and The Seller will deliver to Buyer, valid and marketable title to the Purchased Stock at the Closing, free and clear of any claims, liens, pledges, charges, encumbrances, mortgages, security security, interests, options, preemptive or other rights, restrictions on transfer or other interests interest or equities or any other imperfections of title whatsoever. Each Shareholder The Seller represents and warrants that he has full power and lawful authority to execute and deliver this Agreement and to consummate and perform the transactions contemplated hereby; and that the execution and delivery of this Agreement by him and the consummation and performance of the transactions contemplated hereby by him are and will be the legal, valid and binding obligations obligation of such Shareholderthe Seller, enforceable against him in accordance with their terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Berkeley Coffee & Tea, Inc.)

AutoNDA by SimpleDocs

Valid Title to Purchased Stock. Shareholders The Sellers have in accordance with -------------------------------- SCHEDULE 3.5Schedule 2.2, and will deliver to Buyer, valid and marketable title to the Purchased Stock at the Closing, free and clear of any claims, liens, pledges, charges, encumbrances, mortgages, security security, interests, options, preemptive or other rights, restrictions on transfer or other interests interest or equities or any other imperfections of title whatsoever. Each Shareholder Seller, as to himself only, represents and warrants that he has full power and lawful authority to execute and deliver this Agreement and to consummate and perform the transactions contemplated hereby; and that the execution and delivery of this Agreement by him and the consummation and performance of the transactions contemplated hereby by him are and will be the legal, valid and binding obligations obligation of such ShareholderSeller, enforceable against him in accordance with their terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Northstar Electronics Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!