Common use of Outstanding Capital Stock Clause in Contracts

Outstanding Capital Stock. The Company is authorized to issue one hundred thousand (100,000) shares of common stock, par value $.01 per share, of which seven hundred fifty (750) shares are issued and outstanding, and no other class of capital stock of the Company is authorized or outstanding. The Shares are duly authorized, validly issued and fully paid and nonassessable.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Network Systems International Inc), Stock Purchase Agreement (Network Systems International Inc), Stock Purchase Agreement (Network Systems International Inc)

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Outstanding Capital Stock. The Company is authorized to issue one hundred thousand (100,0001,000) shares shares, without par value, of common stock, par value $.01 per share, of which seven one hundred fifty (750100) shares (the "Company Shares") are issued and outstanding, outstanding and no owned beneficially and of record by the Shareholders. No other class of capital stock of the Company is authorized or outstanding. The All of the Company Shares are duly authorizedauthorized and are legally and validly issued, validly issued and fully paid and nonassessable.

Appears in 1 contract

Samples: Stock Acquisition Agreement (Infinite Group Inc)

Outstanding Capital Stock. The Company is authorized to issue one hundred thousand (100,000a) 30,000 shares of common stock, par value $.01 100.00 per share, of which seven hundred fifty (750) shares are issued and outstanding, and no other class of capital stock of the Company is authorized or outstanding. The Shares are duly authorized, validly issued and fully paid and nonassessable.24,000

Appears in 1 contract

Samples: Stock Purchase Agreement (Spectrasite Holdings Inc)

Outstanding Capital Stock. The Company is authorized to issue one hundred thousand (100,000) 20,000 shares of common stockCommon Stock, no par value $.01 per sharevalue, 100 shares of which seven hundred fifty (750) shares are issued and outstanding, and no . No other class of capital stock of the Company is authorized or outstanding. The All of the Shares are duly authorizedauthorized and are validly issued, validly issued and fully paid and nonassessablenon-assessable.

Appears in 1 contract

Samples: Stock Purchase Agreement (THQ Inc)

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Outstanding Capital Stock. The Company is authorized to issue one hundred thousand (100,000) 1,000,000 shares of common stock, no par value $.01 per sharevalue, of which seven hundred fifty (750) shares of which are issued and outstanding, outstanding and no owned by the Principal Stockholders. No other class of capital stock of the Company is authorized or outstanding. The Company does not own, directly or indirectly, any shares of capital stock of any corporation or any equity investment in any partnership, association or any other business organization. All of the Shares are duly authorizedauthorized and are validly issued, validly issued and fully paid and nonassessablenon-assessable.

Appears in 1 contract

Samples: Stock Purchase Agreement (THQ Inc)

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