PALEX COMMON STOCK Sample Clauses

The "PALEX COMMON STOCK" clause defines the terms and conditions related to the issuance, ownership, or transfer of common stock in PALEX, the company in question. This clause typically outlines who is eligible to hold shares, any restrictions on transferring those shares, and the rights associated with common stock ownership, such as voting rights or dividend entitlements. By clearly specifying these details, the clause ensures transparency for shareholders and helps prevent disputes regarding stock ownership and related rights.
PALEX COMMON STOCK. The shares of PalEx Common Stock to be issued to the Stockholders pursuant to the Merger, when issued in accordance with the terms of this Agreement, will be duly authorized, validly issued, fully paid and nonassessable. The issuance of PalEx Common Stock pursuant to the Merger will transfer to the Stockholders valid title to such shares of PalEx Common Stock, free and clear of all Encumbrances except as contemplated in this Agreement and for any Encumbrances created by the Stockholders.
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Related to PALEX COMMON STOCK

  • Common Stock 1 Company........................................................................1

  • Ordinary Shares The Ordinary Shares included in the Units have been duly authorized and, when issued and delivered against payment for the Offered Securities by the Underwriters pursuant to this Agreement and registered in the Company’s register of members, will be validly issued, fully paid and non-assessable. The holders of such Ordinary Shares are not and will not be subject to personal liability by reason of being such holders; such Ordinary Shares are not and will not be subject to any preemptive or other similar contractual rights granted by the Company.

  • Merger Sub Common Stock At the Effective Time, each share of common stock, par value $0.01 per share, of Merger Sub (“Merger Sub Common Stock”) issued and outstanding immediately prior to the Effective Time shall be automatically converted into one fully paid and nonassessable share of common stock, par value $0.01 per share, of the Surviving Corporation.

  • Parent Common Stock At and after the Effective Time, each share of Parent Common Stock issued and outstanding immediately prior to the Effective Time shall remain an issued and outstanding share of common stock of the Surviving Corporation and shall not be affected by the Merger.

  • Common Shares 4 Company...................................................................................... 4