Examples of Stockholders of Buyer in a sentence
Subject to required approval by the Stockholders of Buyer, Buyer has all necessary corporate power and authority to execute, deliver and perform each Transaction Document to which it is a party.
Buyer’s Board of Directors has (a) unanimously approved and adopted this Agreement and the Merger, (b) determined that in its opinion the Merger is in the best interests of the Stockholders of Buyer and is on terms that are fair to the Stockholders of Buyer and (c) recommended that the Stockholders of Buyer approve this Agreement and the Merger.
Buyer will, in accordance with applicable Law and the Articles of Incorporation and Bylaws of Buyer and as soon as reasonably practicable after the date of this Agreement, obtain the requisite vote of the Stockholders of Buyer by written consent of the Stockholders of Buyer to approve and adopt the Buyer Articles Amendment, this Agreement and the transactions contemplated hereby, including the Merger.
The execution, delivery and performance of the Transaction Documents to which Buyer is a party have been duly authorized by all necessary corporate action on the part of Buyer, subject only to the approval of the Merger by the Stockholders of Buyer as contemplated by Section 6.1(a).
Any payment made by the Surviving Corporation to the Stockholders of Buyer in respect of Losses incurred by the Stockholders of Buyer pursuant to this Section 8.1 will be paid in shares of Common Stock of the Surviving Corporation.
For purposes of determining the number of shares of Common Stock of the Surviving Corporation to be delivered by the Surviving Corporation to the Stockholders of Buyer pursuant to this Section 8.1, the value of shares of Common Stock of the Surviving Corporation will be determined as provided in Section 8.2.
A failure to act promptly would result in serious prejudice to the public interest or the interest of the parties involved by allowing for the inequitable treatment of prefabricated structures, resulting in financial harm and project delays.
Buyer and the Principal Stockholders understand and agree that the indemnification by the Principal Stockholders of Buyer Indemnities is not limited to the amount of the Escrowed Cash, and this Agreement is without prejudice to any rights Buyer may have under the Master Agreement, applicable law or otherwise.
The minute books of Buyer accurately reflect all material actions and proceedings taken to date by the Stockholders of Buyer, the Board of Directors of Buyer and committees thereof, and such minute books contain true and complete copies of the charter documents of Buyer and all related amendments.
Subject to the approval of the Stockholders of Buyer as required by the Nevada Law, after the Effective Time, Buyer will execute and file with the Nevada Secretary of State the Buyer Articles Amendment and thereby effect a one-for-thirty (1:30) reverse stock split whereby each outstanding thirty (30) shares of Buyer Common Stock will be split into one (1) share of Buyer Common Stock (the “Post-Closing Buyer Reverse Stock Split”) in compliance with the Nevada Law.