Common use of Fully Paid Shares Clause in Contracts

Fully Paid Shares. The Shares, when acquired by the Purchaser will be fully paid and non-assessable, free of preemptive rights and encumbrances, and will have the same rights under the Company's certificate of incorporation and by-laws as all other shares of Common Stock.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Glasgal Communications Inc), Stock Purchase Agreement (Executive Telecard LTD), Stock Purchase Agreement (Glasgal Communications Inc)

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Fully Paid Shares. The Shares, when acquired by the Purchaser Purchasers will be fully paid and non-assessable, free of preemptive rights and encumbrances, and will have the same rights under the Company's certificate of incorporation and by-laws as all other shares of Common Stock.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Glasgal Communications Inc), Stock Purchase Agreement (Datatec Systems Inc)

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