Examples of Shareholder Pledge Agreement in a sentence
It is a condition to the release of the Pledged Shares from the lien under the Original Shareholder Pledge Agreement that the Pledgor enter into this Agreement.
Such Stockholder is the lawful owner, of record and --------- beneficially, of the Securities owned by such Stockholder (which are those Securities listed opposite such Stockholder's name on Annex I) and has good ------- title to such Securities, free and clear of any and all Encumbrances (except for the Encumbrances granted by certain of the Stockholders under the Shareholder Pledge Agreement, dated as of January 31, 1997) other than liens for taxes not yet due and payable.
The Acquiror's recourse for the obligations of the Company Shareholders pursuant to subsection (a) shall be limited to the remedies set forth in the Shareholder Pledge Agreement.
Xxxxxxxxx; xxd (d) the amendment to GOLF's authorized capital stock to authorize the issuance of 5,000,000 shares of Preferred Stock $.01 par value and 50,000,000 shares of Common Stock, $.001 par value, GOLF will have 50,000,000 shares of Common Stock, $.001 par value authorized and 10,525,002 shares of voting common stock, $.001 par value issued and outstanding and 5,000,000 shares of $.01 par value Preferred Stock authorized, none which will be issued and outstanding.
The execution, delivery and performance by the Company and each Company Shareholder of this Agreement, the Shareholder Pledge Agreement and the Registration Rights Agreement and the consummation by the Company and each Company Shareholder of the transactions contemplated hereby are within such party's corporate or legal powers and have been duly authorized by all necessary corporate, entity, shareholder, partner, member, trustee and beneficiary actions.