RTI Shares definition
Examples of RTI Shares in a sentence
Upon effecting the dissolution of QAI, the Principals shall deliver a notice, signed by each of them, to RefTech and to the Escrow Agent (if the Escrow Agreement is then still in effect), instructing RefTech and the Escrow Agent as to how any RTI Shares which may thereafter be distributed are to be allocated as among the Principals.
There is no voting trust, agreement or arrangement among any of RTI Selling Shareholders of any RTI Shares affecting the exercise of the voting rights of any such common stock.
Neither QAI nor the Principals have agreed to, or shall agree prior to the Closing to, sell, assign, transfer or otherwise dispose of any of the RTI Shares, including any of the Earn-Out Shares, or any interest therein, to any person except that QAI will transfer the RTI Shares to the Principals in connection with the liquidation of QAI.
As of July 31, 2005, there were 7,250,000 RTI Shares issued and outstanding.
At the Effective Time and subject to and upon the terms and conditions of this Agreement, Compass shall acquire from Shareholder his RTI Shares.
The RTI Shares have been validly issued and are fully paid and nonassessable and the exchange and transfer of the RTI Shares has been duly authorized in accordance with the terms of this Agreement.
QAI and the Principals understand that none of the RTI Shares have been, or are intended to be, registered under the Securities Act, and that the Exchange provided for in this Agreement, and the issuance of the RTI Shares, will be exempt from registration under the Securities Act, pursuant to Section 4(2) thereof, and that RefTech's reliance on such exemption is based upon the representations of QAI and the Principals set forth herein.
The RTI Shares shall be acquired by the Principals for investment for such Principals' own accounts, and not as a nominee or agent and not with a view to resale or distribution of any part thereof, and neither QAI nor the Principals have any present intention of selling, granting any participation in or otherwise distributing the RTI Shares or any interest therein, except as aforesaid.
Schedule A contains a true and complete list of the names and addresses of the record and beneficial holders of all of the outstanding RTI Shares.
The RTI Shares, when issued, shall be fully paid and non-assessable shares of Common Stock.