Examples of TSI Stock in a sentence
Upon delivery of the TSI Stock to the Sellers at the Closing, the Sellers will convey, and the Purchaser will own and hold, good and valid title to the Company Shares immediately prior to the Closing owned by such Sellers, free and clear of all Liens or contractual restrictions or limitations whatsoever other than liens, restrictions or limitations arising from the Contracts or actions of TSI.
The shares of TSI Stock that are required to be issued by TSI to the Sellers pursuant to this Agreement, shall, upon issuance and delivery and subject to the conditions set forth in this Agreement, be duly authorized, validly issued, fully paid and non-assessable.
Each Seller agrees not to transfer, sell or otherwise dispose of or direct or cause the sale, transfer or other disposition of, or reduce such Seller's risk relative to, any of the Company's Shares (except for the conversion into TSI Stock in the transactions contemplated hereby) or TSI Stock held by such Seller or on such Seller's behalf, whether owned on the date hereof or after acquired, within the thirty (30) days prior to the Closing Date.
The consummation of this Agreement and the transactions herein contemplated, including the issuance of the Exchanged TSI Stock and Warrants to the Stockholders as contemplated hereby, constitutes the offer and sale of securities under the Securities Act and applicable state securities statutes.
Upon any such issuance of TSI Stock or Additional TSI Shares, the Shelf Registration Statement (and the Other Registration Statement, as applicable) will comply in all material respects with the applicable requirements of the Securities Act.
Subject to Section 1.1 hereof, the issuance of TSI Stock and Additional TSI Shares, when issued under this Agreement, shall be registered pursuant to the Shelf Registration Statement (or, the Other Registration Statement, in the case of the Additional TSI Shares).
The Purchaser shall issue the TSI Stock to the Sellers subject to the conditions and restrictions set forth in this SECTION 1.2 (and the Additional TSI Shares shall be subject to the same restrictions other than paragraph (a)(1) below as if such shares were TSI Stock).
At the request of any Seller, the foregoing legend shall be removed from certificates for such Seller's TSI Stock by TSI (or by any transfer agent appointed by TSI) at any time after the second anniversary of the Closing Date.
Following the Restriction Period, the Sellers may transfer their shares of TSI Stock so long as such transfer is in accordance with the Future Sale Procedures set forth in SECTION 1.2(A)(2) and other applicable provisions of this Section 1.2.
Pursuant to this Agreement, all SBI Stock shall be conveyed, transferred, and assigned to TSI in exchange for 15,542,500 shares of Exchanged TSI Stock on the date of Closing.