Examples of Powdermet Exchange Shares in a sentence
All of the Powdermet Exchange Shares owned by Abakan are owned free and clear of any liens, claims, options, charges, or Encumbrances of whatsoever nature.
Abakan has the unqualified right to sell, assign, and deliver the Powdermet Exchange Shares, and, upon consummation of the transactions contemplated by this Agreement, Powdermet will acquire good and valid title to the Powdermet Exchange Shares, free and clear of all liens, claims, options, charges, and Encumbrances of whatsoever nature.
Abakan is the sole legal and beneficial owner of the Powdermet Exchange Shares and has good and marketable title thereto.
Subject to the terms and conditions of this Agreement, at the Closing, Powdermet agrees to transfer to Abakan the MesoCoat Exchange Shares and Abakan agrees to transfer to Powdermet the Powdermet Exchange Shares and to issue the Abakan Shares to Powdermet.
Powdermet understands that the Powdermet Exchange Shares and the Abakan Shares are characterized as "restricted securities" under the Federal securities laws and that under such laws and applicable regulations such securities may be resold without registration under the Act only in certain limited circumstances.
The obligations of Abakan to transfer the Powdermet Exchange Shares to Powdermet at the Closing are subject to the fulfillment of the condition that, at the Closing, the representations and warranties of Powdermet set forth in this Agreement shall be true and correct in all material respects, in each case as of the Effective Date of this Agreement and as of the Closing as though made as of the Closing.