Examples of SEI Common Stock in a sentence
All issued and outstanding shares of SEI Common Stock have been duly and validly authorized, issued, fully paid and nonassessable.
No shareholder of SEI has any preemptive rights with respect to the issuance of shares of SEI Common Stock.
SEI will promptly respond to any review comments by the Commission and will diligently pursue the registration of the SEI Common Stock.
All indemnification hereunder shall be effected by payment of cash or delivery of a certified or official bank check in the amount of the indemnification liability or by set-off against (i) any amounts otherwise owed by SEI to the Company or by the Company to SEI, as the case may be, or (ii) the escrowed shares of SEI Common Stock and cash pursuant to the Escrow Agreement.
Subject to the fulfillment of the conditions precedent specified in Sections 8.1, 8.2 and 8.3, the purchase and sale of the Assets shall be consummated at a closing (the "CLOSING") to be held at the offices of Troutman Sanders LLP, located at 600 Peachtree Street, N.E., Suite 5200, Xxxxnxx, Xxxrgia on April 1, 0000, xx xx xxxx xxxxx xxxx xx xx xxxx xxxxx xxxx xx Xxxler and Matria shall mutually agree (such date and time being herein referred to as the "CLOSING DATE").
No fractional shares of SEI Common Stock shall be issued pursuant hereto.
Because the shares of SEI Common Stock will be subject to restrictions on transfers, such shares will not be transferable except in accordance with the Act.
As of the date hereof, SEI's authorized capital stock consists of (i) 30,000,000 shares of SEI Common Stock, 8,576,610 of which are issued and outstanding and (ii) 10,000,000 shares of Preferred Stock, $.01 par value per share, none of which are issued and outstanding.
In the event that, subsequent to the date of this Agreement but prior to the Closing Date, the outstanding shares of SEI Common Stock shall have been changed into a different number of shares or a different class as a result of a stock split, reverse stock split, stock dividend, subdivision, reclassification, split, combination, exchange, recapitalization or other similar transaction, the number of shares of SEI Common Stock to be delivered pursuant to this Agreement shall be appropriately adjusted.
Certificates representing the SEI Common Stock will bear legends with respect to restrictions on subsequent transfers of the securities.