AEC Shares definition
Examples of AEC Shares in a sentence
The Seller is acquiring the AEC Shares for his own account, for investment purposes and has no current intention to sell the AEC Shares.
The AEC Shares, when issued in accordance with this Agreement, will be duly authorized, validly issued, fully paid and nonassessable.
Upon the terms ---------------------------------- and subject to the conditions herein, at the Closing (as defined in Section 1.2 hereof), the Seller shall sell and deliver to the Purchaser, and the Purchaser shall have the right to purchase from the Seller, the Purchased Shares for a purchase price (the "Purchase Price") equal to (a) US$ 200,000 and (b) 210,000 shares of AEC Common Stock, $.10 par value (the "AEC Shares").
The Purchaser shall deliver ------------------ the certificates evidencing the AEC Shares, registered in the name of the Seller, with certificate shall have set forth thereon a legend referring to the restrictions on sale or transfer imposed under the Securities Act.
The Seller acknowledges and --------------------- understands that the AEC Shares will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any other country, and that the AEC Shares may not be offered or sold in the United States unless either registered under the Securities Act or in compliance with any exemption from such registration.
The allocation of the Merger Shares among AEC Shareholders shall be delivered to TRET at least one business day prior to the Closing; At the Effective Time, all AEC Shares shall no longer be outstanding and shall be cancelled and retired and shall cease to exist, and each certificate formerly representing any AEC ommon Stock (other than Excluded Shares) shall thereafter represent only the right to the Merger hares.
The Seller acknowledges ---------------------- and understands that the AEC Shares will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any other country, and that the AEC Shares may not be offered or sold in the United States unless either registered under the Securities Act or in compliance with any exemption from such registration.
The Seller is familiar with the business and operations of AEC, has received the Form 10-KSB of AEC for the fiscal year ended July 29, 1996 and the Forms 10-QSB for the three fiscal quarters in fiscal 1997, and has had the opportunity to discuss AEC and the AEC Shares with officers of AEC.
Except as set forth in Schedule 2.5 of the Disclosure Schedule, each Seller owns the AEC Shares set opposite his name, beneficially and of record, free and clear of all Liens.
The authorized capital stock of AEC consists solely of five hundred thousand (500,000) shares of common stock, of which only the AEC Shares have been issued.