Examples of Purchased Stock in a sentence
In reliance upon the representations and warranties of Seller and the Companies contained herein, and on the terms and conditions hereinafter set forth, Buyer hereby agrees to purchase the Purchased Stock from Seller for the Purchase Price set forth in Section 2.1 below.
The Purchased Stock are validly issued and constitute one hundred percent (100%) of the total issued and outstanding shares of stock in the Companies.
Seller represents that it (i) has good and marketable title to the Purchased Stock free and clear of all Liens, (ii) has not granted any security interest in any past or future distributions or dividends associated with such Purchased Stock, and (iii) has full right, power and authority to execute this Agreement and to transfer the Purchased Stock to Buyer as provided herein, without obtaining the consent of any third party.
Upon the consummation of the Transaction: (i) Seller shall have transferred to Buyer good and marketable title to the Purchased Stock free and clear of all Liens; and (ii) Buyer shall be the sole shareholder of the Companies, and shall own one hundred percent (100%) of all of the issued and outstanding stock in the Companies.
The Purchased Stock has not been certificated and there are no certificates representing the Purchased Stock.