Consideration Stock Sample Clauses
The Consideration Stock clause defines the terms under which shares of stock are issued as part of the payment or compensation in a transaction, such as a merger or acquisition. Typically, this clause specifies the type and number of shares to be delivered, the timing of issuance, and any conditions or restrictions that may apply to the stock, such as vesting schedules or transfer limitations. Its core function is to clearly outline how equity is used as consideration, ensuring both parties understand the value and terms of the stock being exchanged, thereby reducing the risk of disputes over payment.
Consideration Stock. (a) The Consideration Stock upon issuance and the Parent Common Stock issuable upon conversion of the Consideration Stock, will be duly authorized, fully paid and non-assessable and not subject to any preemptive rights; (b) except for the Parent's currently outstanding Series C Convertible Preferred Stock, the Parent does not have outstanding any shares of preferred stock that have liquidation, dividend or other preference senior to the Consideration Stock; and (c) until the Consideration Stock is converted into shares of Parent Common Stock or redeemed by the Parent, the Parent will not issue as consideration for the acquisition of any business or for the acquisition of an entity or the stock of an entity owning any business, a series of preferred stock that has a liquidation, dividend or other preference or restriction senior to the Consideration Stock.
Consideration Stock. When issued, the Consideration Stock shall be fully paid and non- assessable.
Consideration Stock. Because no Consideration Stock will be delivered at Closing, the following Sections of the Asset Agreement are deleted in their entirety:
Consideration Stock. The shares of Consideration Stock issuable hereunder will, upon issuance, be validly issued, fully paid and nonassessable, and free and clear of any Liens or other encumbrances (other than restrictions under securities laws); however, Parent and Purchaser make no representation or warranty on the actual value of the Consideration Stock.
Consideration Stock. The Consideration Stock is duly authorized, validly issued, fully paid and nonassessable and upon delivery to Sellers or their Affiliates, Sellers or their Affiliates will acquire good and valid title to such Consideration Stock, free of any adverse claim.
Consideration Stock. The Buyer shall have delivered the Consideration Stock to the Seller.