Industrial Shares definition
Examples of Industrial Shares in a sentence
There are no outstanding orders, judgments, injunctions, awards or decrees of any court, governmental or regulatory body or arbitration tribunal against or involving Non Industrial , or against or involving any of the Non Industrial Shares.
Neither the SpilTech Shares nor the Industrial Shares are subject to any right of redemption by SpilTech, Industrial or Debtor, or any call or put options, voting trust, proxy, shareholders agreement, right of first refusal or any provision of the respective articles of incorporation or bylaws of either SpilTech or Industrial, or any other document or agreement which would in any way impair or adversely affect this Security Interest or the rights of Secured Party under this Agreement.
All of the Zhidali Industrial Shares are owned of record and beneficially by the Zhidali Industrial Shareholder free and clear of any liens, claims, encumbrances, or restrictions of any kind.
Zhidali Industrial has authorized capital stock consisting of 50,000 ordinary shares (the “Zhidali Industrial Common Stock”), all of which are currently issued and outstanding, and have not been or, with respect to Zhidali Industrial Shares, will not be transferred in violation of any rights of third parties.
The Stockholders and the Delaware Companies hereby appoint Stockholder Representative as transfer agent for the purpose of exchanging certificates representing the Antek Instruments Shares, the Antek Industrial Shares, and the Nitec Shares for each Stockholder’s portion of the Aggregate Consideration, as set forth in Section 2(e) above.
All of the SpilTech Shares and the Industrial Shares are validly issued and outstanding shares of capital stock of SpilTech and Industrial, respectively, and are fully paid and nonassessable.
The Company holds good and valid title to all of the Industrial Shares, the ▇▇▇▇▇ Shares and the Transportation Shares, free and clear of all Encumbrances.
The Stockholders have, and at Closing will have, good title and interest in and to and the right to convey the Antek Instruments Shares, the Antek Industrial Shares, and the Nitec Shares, free and clear of all Security Interests or restrictions on transfer.
The authorized capitalization of Industrial consists of 50,000 shares of common stock, par value $1.00 per share (Industrial Common Stock ), of which, as of the date hereof, 375 shares (the Industrial Shares ) were issued and outstanding and held beneficially and of record by the Company.
The Zhidali Industrial Shares are not subject to any preemptive or subscription right, any voting trust agreement or other contract, agreement, arrangement, option, warrant, call, commitment or other right of any character obligating or entitling Zhidali Industrial to issue, sell, redeem or purchase any of its securities, and there is no outstanding security of any kind convertible into or exchangeable for Zhidali Industrial Common Stock.