Common use of The Buyer Clause in Contracts

The Buyer. As of the date of this Agreement, the authorized capital stock of the Buyer consists of 1,000 shares of Common Stock of which all are issued and outstanding. All outstanding shares of the Buyer have been validly issued and are fully paid, non-assessable and free of preemptive rights, and all of such shares are owned, beneficially and of record, by EMI.

The Buyer. As of the date of this Agreement, the authorized capital stock of the Buyer consists of 1,000 1000 shares of Common Stock all of which all are issued and outstanding. All outstanding shares of the Buyer have been validly issued and are fully paid, non-assessable and free of preemptive rights, and all of such shares are owned, beneficially and of record, by EMI.