Definition of Powdermet Exchange Shares


Powdermet Exchange Shares means two hundred forty four thousand (244,000) of the shares owned by Abakan in Powdermet and represented by the Powdermet Certificate.
Sample 1

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 is the sole legal and beneficial owner of the Powdermet Exchange Shares and has good and marketable title thereto.
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.
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.