Common use of Authorized Shares of Stock Clause in Contracts

Authorized Shares of Stock. There exists sufficient authorized, but unissued, shares of Arguss Stock necessary to enable Parent to satisfy any obligation of it to issue shares of Arguss Stock pursuant to this Merger Agreement.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (Arguss Holdings Inc), Agreement and Plan of Merger (Arguss Holdings Inc), Employment Agreement (Arguss Holdings Inc)

AutoNDA by SimpleDocs

Authorized Shares of Stock. There exists sufficient authorized, but unissued, shares of Arguss Stock necessary to enable Parent to satisfy any obligation of it to issue shares of Arguss Stock pursuant to this Merger Agreement.

Appears in 1 contract

Samples: Acquisition Agreement (Arguss Holdings Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.