Examples of Securities of the Company in a sentence
In addition, the Company will direct the Company’s transfer agent to place stop transfer restrictions upon any such Securities of the Company that are bound by such existing “lock-up” agreements for the duration of the periods contemplated in such agreements.
All of the Equity Securities of the Company have been duly authorized and validly issued and all of the outstanding Company Shares are fully paid and non-assessable (meaning that the holders of the Company Shares will not by reason of merely being such a holder, be subject to assessment or calls by the Company or its creditors for further payment on such Company Shares).
Nothing in this Lock-up Agreement shall constitute an obligation to purchase shares of Common Stock, or Securities of the Company.
There are no authorized or outstanding bonds, debentures, notes, or other Indebtedness of the Company having the right to vote on or approve (or containing any provision granting any holder thereof or other Person the right to vote on or approve), or that are convertible into, or exchangeable for, securities having the right to vote on or approve, any matter on which any holder of Equity Securities of the Company may vote on or approve (“Voting Debt”).
The Acquired Shares constitute 100% of the issued and outstanding Equity Securities of the Company.
The Seller owns of record, and has good and valid title to, all of the issued and outstanding Equity Securities of the Company, free and clear of all Encumbrances (other than Encumbrances that are to be released in connection with the Closing) or any restrictions on transfer (other than any restrictions on transfer imposed under federal and state securities Laws).
Seller will be, at the effectiveness of its subsidiary merger with and into the Company under Section 302A.626 of the Minnesota Business Corporation Act (the “Seller Reorganization”), the holder of record and beneficial owner of 100% of the issued and outstanding capital stock of the Company, which represents the only Equity Securities of the Company (the “Acquired Shares”).
Purchaser had a pre-existing substantive relationship with Company prior to the commencement of the offering of Securities of the Company.
The Company Shareholders’ Approval represents the only approval of the holders of any Equity Securities of the Company necessary in connection with the entry into this Agreement by the Company and the consummation of the Transactions.
Prior to the Effective Time, Seller and the Company shall have caused any options or other rights to acquired any Equity Securities of the Company to have been assumed by the Seller or otherwise canceled by the Company, such that as of the Effective Time, there will be no other shares of the Company’s capital stock subject to any option or other right to acquire any interest in the capital stock of the Company.