Examples of Seller Capital Stock in a sentence
If the Representative shall be unable or unwilling to serve in such capacity, his successor, who will serve and exercise the powers of the Representative hereunder, will be named by those persons holding a majority of the shares of Seller Capital Stock.
Notwithstanding anything to the contrary in this Section 1.8, neither the Buyer, the Surviving Corporation nor any party hereto shall be liable to a holder of shares of Buyer Common Stock or Seller Capital Stock for any amount properly paid to a public official pursuant to any applicable abandoned property, escheat or similar law.
Seller shall not, except with the prior written consent of Buyer or as may be required by applicable law, voluntarily make any payment with respect to any demands for appraisal of Seller Capital Stock or offer to settle or settle any such demands.
Seller will give Buyer prompt notice of any demand received by Seller to require Seller to purchase shares of Seller Capital Stock, and Buyer will have the right to direct and participate in all negotiations and proceedings with respect to such demand.
Currently and at the Closing Date and immediately before the Effective Time, there will be outstanding only those shares of Seller Capital Stock held by the sole owner set forth under Schedule 2.2. All outstanding capital stock of Seller has been duly authorized and validly issued and is fully paid and non-assessable.