IDT Shares Sample Clauses
The 'IDT Shares' clause defines the specific shares of IDT Corporation that are referenced or governed by the agreement. Typically, this clause will detail the class, number, and characteristics of the shares involved, such as whether they are common or preferred stock, and may outline any restrictions or rights attached to them. By clearly identifying the relevant shares, this clause ensures that all parties understand exactly which securities are subject to the agreement, thereby preventing ambiguity and potential disputes regarding ownership or transfer.
IDT Shares. Sellers are acquiring the IDT Shares for investment purposes for their account only and not for the account of any other person or entity. Sellers are not acquiring the IDT Shares with a view to resell, distribute, subdivide or otherwise transfer such IDT Shares to any other person or entity, other than in accordance with the Securities Act and applicable state securities laws. Sellers acknowledge that (a) they are able to bear the economic risk related to the ownership of the IDT Shares, (b) they have such knowledge and experience in financial and business matters that they are capable of evaluating the merits and risks of such investment in the IDT Shares, (c) they had the opportunity to ask questions and receive answers and to obtain such other information Sellers desired in order to evaluate the merits and the risks of the offering of IDT Shares and the ownership thereof, (d) they are not relying on any representations or warranties relating to the acquisition of the IDT Shares not set forth in this Agreement, and (e) IDT possesses non-public information about its business, operations and prospects that it has not disclosed to Sellers and Sellers hereby waive any claim against IDT with respect to such non-disclosure.
IDT Shares. The IDT Shares, when issued, sold and delivered in accordance with the terms hereof for the consideration expressed herein, will be duly authorized, validly issued, free and clear of all Encumbrances, fully paid and non-assessable, and, based in part upon the representations of ▇▇▇▇▇▇▇ in this Agreement, will be issued in compliance with all U.S. federal and state securities laws. The holder of the IDT Shares will be entitled to vote on matters submitted to the approval of the holders of the Class B Common Stock of IDT as set forth in IDT’s Certificate of Incorporation as in effect from time to time.
IDT Shares. When issued and delivered in accordance with the terms and conditions hereof, the IDT Shares issued and delivered in connection with the Merger will be duly authorized, validly and newly issued, fully paid, non-assessable and free and clear of all Liens, claims, pledges, encumbrances and restrictions of any kind (other than restrictions contemplated hereby and restrictions on the subsequent transfer of securities imposed generally on sales of similar securities issued in similar transactions under the Federal securities laws).
IDT Shares. The Seller is acquiring the IDT Shares for investment purposes for the Seller’s account only and not for the account of any other person or entity. The Seller is not acquiring the IDT Shares with a view to resell, distribute, subdivide or otherwise transfer the IDT Shares to any other person or entity, other than in accordance with (a) the Securities Act and applicable state securities laws and (b) any order of the Court.
IDT Shares. Seller is acquiring the IDT Shares for investment purposes for its account only and not for the account of any other person or entity. Seller is not acquiring the IDT Shares with a view to resell, distribute, subdivide or otherwise transfer such IDT Shares to any other person or entity, other than in accordance with the Securities Act and applicable state securities laws. Seller acknowledges that (a) it is able to bear the economic risk related to its ownership of the IDT Shares (b) it has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of such investment in the IDT Shares and (c) had the opportunity to ask questions and receive answers and to obtain such other information Seller desired in order to evaluate the merits and the risks of the offering of IDT Shares and the ownership thereof.
IDT Shares. Roman is acquiring the IDT Shares for investment purposes for his account only and not for the account of any other person or entity. Roman is not acquiring the IDT Shares with a view to resell, distribute, subdivide or otherwise transfer such IDT Shares to any other person or entity, other than in accordance with the Securities Act and applicable state securities laws. Roman acknowledges that (a) he is able to bear the economic risk related to its ownership of the IDT Shares (b) he has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of such investment in the IDT Shares and (c) had the opportunity to ask questions and receive answers and to obtain such other information Roman desired in order to evaluate the merits and the risks of the offering of IDT Shares and the ownership thereof.