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Common use of Shareholder Authorization Clause in Contracts

Shareholder Authorization. The shareholders shall have authorized an increase in the number of authorized shares of common stock sufficient to fully effectuate the purposes of this Agreement.

Appears in 3 contracts

Sources: Stock Purchase Agreement (Positron Corp), Stock Purchase Agreement (Positron Corp), Stock Purchase Agreement (Imatron Inc)

Related Clauses

  • Power; Authorization
  • Prior Authorization
  • Authorization; Approvals
  • Organizational Power; Authorization
  • Board Authorization

Parent Clauses

  • Representations and Warranties of the Company
  • Representations and Warranties
  • Company
  • CONDITIONS TO THE OBLIGATIONS OF THE PURCHASER
  • Conditions of Seller's Obligation

Sub-Clauses

  • Absence of Undisclosed Liabilities
  • Authority; Options
  • Organization, Standing and Qualification; Subsidiaries
  • No Violation
  • Financial Statements
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