Examples of TSI Stock in a sentence
The shares of TSI Stock that are required to be issued by TSI to the Sellers pursuant to this Agreement, shall, upon issuance and delivery and subject to the conditions set forth in this Agreement, be duly authorized, validly issued, fully paid and non-assessable.
Upon delivery of the TSI Stock to the Sellers at the Closing, the Sellers will convey, and the Purchaser will own and hold, good and valid title to the Company Shares immediately prior to the Closing owned by such Sellers, free and clear of all Liens or contractual restrictions or limitations whatsoever other than liens, restrictions or limitations arising from the Contracts or actions of TSI.
Each Seller agrees not to transfer, sell or otherwise dispose of or direct or cause the sale, transfer or other disposition of, or reduce such Seller's risk relative to, any of the Company's Shares (except for the conversion into TSI Stock in the transactions contemplated hereby) or TSI Stock held by such Seller or on such Seller's behalf, whether owned on the date hereof or after acquired, within the thirty (30) days prior to the Closing Date.
Pursuant to this Agreement, all SBI Stock shall be conveyed, transferred, and assigned to TSI in exchange for 15,542,500 shares of Exchanged TSI Stock on the date of Closing.
The consummation of this Agreement and the transactions herein contemplated, including the issuance of the Exchanged TSI Stock and Warrants to the Stockholders as contemplated hereby, constitutes the offer and sale of securities under the Securities Act and applicable state securities statutes.
Employee acknowledges that he has read and understands this Agreement, is fully aware of its legal effect, has not acted in reliance upon any representations or promises made by the Company other than those contained in writing herein, and has entered into this Agreement freely based on Employee’s own judgment.
Subject to Section 1.1 hereof, the issuance of TSI Stock and Additional TSI Shares, when issued under this Agreement, shall be registered pursuant to the Shelf Registration Statement (or, the Other Registration Statement, in the case of the Additional TSI Shares).
The shares of Exchanged TSI Stock issued pursuant to this Section 4.01 shall be, when issued, legally issued, fully paid, and non-assessable, and TSI shall provide the legal opinion of its legal counsel to such effect.
The Sellers shall have received the consideration (in the form of TSI Stock) required to be delivered at Closing and to which each Seller is entitled pursuant to Section 1.1 hereof.
The shares of TSI Stock and Additional TSI Shares that are required to be issued by TSI to the Sellers pursuant to, in accordance with the terms and subject to the conditions set forth in this Agreement, shall, upon issuance and delivery, be duly authorized, validly issued, fully paid and non-assessable.