Examples of IPI Shares in a sentence
Pacific has made an investigation as to the merits and risks of its acquisition of the IPI Shares and has had the opportunity to ask questions of, and has received satisfactory answers from, the officers and directors of IPI concerning IPI, the IPI Shares and related matters, and has had an opportunity to obtain additional information necessary to verify the accuracy of such information and to evaluate the merits and risks of the proposed acquisition of the IPI Shares.
IPI and the Shareholders understand that the offer and sale of Pacific shares to be exchanged for the IPI Shares have not been registered with or reviewed by the securities and Exchange Commission under the Securities Act of 1933, as amended, or with or by any state securities law administrator, and no federal or state securities law administrator has reviewed or approved any disclosure or other material facts concerning Pacific or Pacific stock.
Pacific understands that the offer and sale of the IPI Shares have not been registered with or reviewed by the Securities and Exchange Commission under the Securities Act of 1933, as amended, or with or by any state securities law administrator, and no federal, state securities law administrator has reviewed or approved any disclosure or other material concerning IPI or the IPI Shares.
The Shareholders shall transfer to Pacific at the closing provided for in Section 2 (the "Closing") the shares of common stock of IPI listed opposite their respective names on Exhibit A hereto (the "IPI Shares") in exchange for shares of the common stock of Pacific as outlined above in Section 1.1 hereof (the "Pacific Stock").
Each Shareholder upon submission of his IPI Shares and the receipt of the Pacific post-split shares exchanged therefor, shall execute and deliver to Pacific a letter of investment invent to indicate, among other representations, that the Shareholder is exchanging the IPI Shares for Pacific post-split shares for investment purposes and not with a view to the subsequent distribution thereof.
Pacific is acquiring the IPI Shares to be transferred to it under this Plan for investment and not with a view to the sale or distribution thereof, and Pacific has no commitment or present intention to liquidate IPI or to sell or otherwise dispose of the IPI Shares.
Subsequent to the execution hereof, and from time to time thereafter, the Shareholders shall execute such additional instruments and take such other action as Pacific may reasonably request in order to more effectively sell, transfer and assign clear title and ownership in the IPI Shares to Pacific.
The transfer of IPI Shares by the Shareholders shall be effected by the delivery to Pacific at the Closing of certificates representing the transferred shares endorsed in blank or accompanied by stock powers executed in blank, with all signatures guaranteed by a national bank and with all necessary transfer taxes and other revenue stamps affixed and acquired at the Shareholders' expense.
Pacific has been provided with and reviewed all information concerning IPI, the IPI Shares as it has considered necessary or appropriate as a prudent and knowledgeable investor to enable it to make an informed investment decision concerning the IPI Shares.
IPI and the Shareholders have been provided with and reviewed all information concerning Pacific and Pacific shares, to be exchanged for the IPI Shares as they have considered necessary or appropriate as prudent and knowledgeable investors to enable them to make informed investment decisions concerning the Pacific shares, to be exchanged for the IPI Shares.