Common use of Capitalization; Structure Clause in Contracts

Capitalization; Structure. (a) The authorized capital stock of the Company consists of 100,000 authorized shares of Company Common Stock, of which 1,000 shares are issued and outstanding. All of the outstanding shares of Company Common Stock have been duly and validly authorized and issued, and are all fully paid and nonassessable. No shares of the Company's capital stock have been issued in violation of any preemptive rights, any rights of first refusal or any similar restrictions. There are no: (i) outstanding options (including phantom options), warrants or other rights (including preemptive rights) of any kind relating to the sale, issuance or voting of any shares of capital stock of the Company; (ii) securities convertible into, exchangeable for or evidencing the right to purchase any such shares; or (iii) contracts, commitments, agreements, understandings or arrangements of any kind relating to the issuance, transfer or voting of such shares, any such convertible or exchangeable securities or any such options, warrants or rights.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ebank Com Inc)

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Capitalization; Structure. (a) The authorized capital stock of the Company consists of 100,000 authorized shares of Company Common Stock, of which 1,000 6,000 shares are issued outstanding and outstandingno shares are held in treasury. All of the outstanding shares of Company Common Stock have been duly and validly authorized and issued, and are all fully paid and nonassessable. No shares of the Company's capital stock have been issued in violation of any preemptive rights, any rights of first refusal or any similar restrictions. There Other than as shown on Schedule 2.2, there are no: (i) outstanding options (including phantom options), warrants or other rights (including preemptive rights) of any kind relating to the sale, issuance or voting of any shares of capital stock of the Company; (ii) securities convertible into, exchangeable for or evidencing the right to purchase any such shares; or (iii) contracts, commitments, agreements, understandings or arrangements of any kind relating to the issuance, transfer issuance or voting of such shares, any such convertible or exchangeable securities or any such options, warrants or rights.

Appears in 1 contract

Samples: Acquisition and Merger Agreement (Intercept Group Inc)

Capitalization; Structure. (a) The authorized capital stock of the Company consists of 100,000 (i) 10,000,000 authorized shares of Company Common Stock, of which 1,000 2,000,000 shares are issued and outstanding. All of the outstanding shares of Company Common Stock have been duly and validly authorized and issued, and are all fully paid and nonassessable. No shares of the Company's capital stock have been issued in violation of any preemptive rights, any rights of first refusal or any similar restrictions. There are no: (i) outstanding options (including phantom options), warrants or other rights (including preemptive rights) of any kind relating to the sale, issuance or voting of any shares of capital stock of the Company; (ii) securities convertible into, exchangeable for or evidencing the right to purchase any such shares; or (iii) contracts, commitments, agreements, understandings or arrangements of any kind relating to the issuance, transfer or voting of such shares, any such convertible or exchangeable securities or any such options, warrants or rights.

Appears in 1 contract

Samples: Acquisition and Merger Agreement (Intercept Group Inc)

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Capitalization; Structure. (a) The authorized capital stock of the Company consists of 100,000 10,000 authorized shares of Company Common Stock, of which 1,000 3,723 shares are issued and outstanding. All of the outstanding shares of Company Common Stock have been duly and validly authorized and issued, and are all fully paid and nonassessable. No shares of the Company's capital stock have been issued in violation of any preemptive rights, any rights of first refusal or any similar restrictions. There are no: (i) outstanding options (including phantom options), warrants or other rights (including preemptive rights) of any kind relating to the sale, issuance or voting of any shares of capital stock of the Company; (ii) securities convertible into, exchangeable for or evidencing the right to purchase any such shares; or (iii) contracts, commitments, agreements, understandings or arrangements of any kind relating to the issuance, transfer or voting of such shares, any such convertible or exchangeable securities or any such options, warrants or rights.

Appears in 1 contract

Samples: Acquisition and Merger Agreement (Intercept Group Inc)

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