Common use of Ownership of Stock Clause in Contracts

Ownership of Stock. .1. Shareholders are the record owners and holders of the number of fully paid and non-assessable shares of the Company listed in Schedule "A" hereto as of the date hereof and will continue to own such shares of the stock of the Company until the delivery thereof to the Purchaser on the closing date and all such shares of stock are or will be on the closing date owned free and clear of all liens, encumbrances, charges and assessments of every nature and subject to no restrictions with respect to transferability. The Shareholders will have full power and authority to assign and transfer their shares of the Company in accordance with the terms hereof.

Appears in 2 contracts

Sources: Share Exchange Agreement (Paloma Enterprises, Inc.), Share Exchange Agreement (Paloma Enterprises, Inc.)

Ownership of Stock. .1. 5.1.1 The Shareholders listed in Schedule “A” attached hereto are the record owners and holders of the number of fully paid and non-assessable shares of the common stock of the Company listed in Schedule "A" attached hereto as of the date hereof and will continue to own such shares of the common stock of the Company until the delivery thereof to the Purchaser on the closing date and all such shares of common stock are or will be on the closing date owned free and clear of all liens, encumbrances, charges and assessments of every nature and subject to no restrictions with respect to transferability. The Shareholders To Company’s Knowledge, the shareholders will have full power and authority to assign and transfer their shares of the Company in accordance with the terms hereof.. “

Appears in 2 contracts

Sources: Merger Agreement, Acquisition and Merger Agreement (Serino 1, Corp.)

Ownership of Stock. .1. Shareholders are Shareholder is the record owners owner and holders holder of the number of fully paid and non-assessable shares of the Company listed in Schedule "A" hereto as of the date hereof and will continue to own such shares of the stock of the Company until the delivery thereof to the Purchaser on the closing date and all such shares of stock are or will be on the closing date owned free and clear of all liens, encumbrances, charges and assessments of every nature and subject to no restrictions with respect to transferability. The Shareholders Shareholder will have full power and authority to assign and transfer their his shares of the Company in accordance with the terms hereof.

Appears in 1 contract

Sources: Acquisition Agreement (Zynex Medical Holdings Inc)

Ownership of Stock. .1..1. Shareholders are the record owners and holders of the number of fully paid and non-assessable shares of the Company listed in Schedule "A" hereto as of the date hereof and will continue to own such shares of the stock of the Company until the delivery transfer thereof to the Purchaser on the closing date and all such shares of stock are or will be on the closing date owned free and clear of all liens, encumbrances, charges and assessments of every nature and subject to no restrictions with respect to transferabilitytransfer. The Shareholders will have full power and authority to assign and transfer their shares of the Company in accordance with the terms hereof.

Appears in 1 contract

Sources: Stock Purchase Agreement (Sonic Media Corp)

Ownership of Stock. .1. Shareholders are the record owners and holders of the number of fully paid and non-assessable shares of the Company listed in Schedule "A" hereto as of the date hereof and will continue to own such shares of the stock of the Company until the delivery thereof to the Purchaser on the closing date and all such shares of stock are or will be on the closing date owned free and clear of all liens, encumbrances, charges and assessments of every nature and subject to no restrictions with respect to transferability. The Shareholders will have full power and authority to assign and transfer their shares of the Company in accordance with the terms hereof.

Appears in 1 contract

Sources: Acquisition Agreement (Softwall Equipment Corp)

Ownership of Stock. .11. Shareholders are the record owners and holders of the number of fully paid and non-assessable nonassessable shares of the Company listed in Schedule "A" hereto as of the date hereof and will continue to own such shares of the stock of the Company until the delivery thereof to the Purchaser on the closing date and all such shares of stock are or will be on the closing date owned free and clear of all liens, encumbrances, charges and assessments of every nature and subject to no restrictions with respect to transferability. The Shareholders will have full power and authority to assign and transfer their shares of the Company in accordance with the terms hereof.

Appears in 1 contract

Sources: Acquisition Agreement (Teletek Inc)

Ownership of Stock. .1. Shareholders are the record and beneficial owners and holders of the number of fully paid and non-assessable nonassessable shares of the Company Company's common stock listed in Schedule "A" hereto 1.1 as of the this date hereof and will continue to own such these shares of the Company's common stock of the Company until the delivery thereof to the Purchaser on the closing date date, and all such shares of Company common stock are or will be on the closing date owned free and clear of all liens, encumbrances, charges and assessments of every nature and subject to no restrictions with respect to transferability. The Shareholders will on the closing date have full power and authority to assign and transfer their shares of the Company in accordance with the terms hereofthese terms.

Appears in 1 contract

Sources: Plan of Reorganization and Agreement (Umember Com Inc /Co/)