Examples of SNC Common Stock in a sentence
SNC shall take all actions required to register or obtain exemptions from such registration for the SNC Common Stock to be issued in connection with the transactions contemplated by this Agreement and the Plan of Merger under applicable state "Blue Sky" securities laws, as appropriate.
All outstanding shares of SNC Common Stock have been duly authorized and are validly issued, fully paid and nonassessable.
The shares of SNC Common Stock reserved as provided in Section 5.3 are free of any Rights and have not been reserved for any other purpose, and such shares are available for issuance as provided pursuant to the Plan of Merger.
If at any time the aggregate number of shares of SNC Common Stock available for issuance hereunder shall not be sufficient to effect the Merger, SNC shall take all appropriate action as may be required to increase the amount of the authorized SNC Common Stock.
On or as soon as practicable after the Closing Date, SNC will use its best efforts to cause the SNC Stockholders to surrender certificates for cancellation representing their shares of SNC Common Stock, against delivery of certificates representing the Durwxxx Xxxres for which the shares of SNC Common Stock are to be exchanged at Closing.
It is hereby agreed that the SNC Common Stock shall be acquired by Durwxxx xx exchange solely for Durwxxx xxxmon voting stock (the "Durwxxx Xxxres").
The Closing of the Acquisition described herein is conditioned upon the acceptance by accredited SportsNuts Stockholders representing at least 80% of the outstanding SNC Common Stock.
It is the intention of the parties hereto that SNC Common Stock be acquired by Durwxxx xx exchange solely for Durwxxx xxxmon voting stock and that this entire transaction qualify as a corporate reorganization under Section 368(a)(1)(B) and/or Section 351 of the Internal Revenue Code of 1986, as amended, and related or other applicable sections thereunder.
As contemplated in Section 2 hereof, there is expected to be more than one Closing after the Initial Closing whereat at least 80% of the outstanding SNC Common Stock is acquired by Durwxxx.
All such outstanding shares of SNC Common Stock shall be deemed, after Closing, to be owned by Durwxxx.