Arizona Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penncorp Financial Group, Inc. regarding issued and outstanding shares common stock

• Category: Corporations - Public - Stock Purchase Sample
• State: Multi-State
• Control #: US-EG-9222
• Format: Word; Rich Text

Description

Stock Purchase Agreement between Reassur America Life Insurance Company and Penncorp Financial Group, Inc. regarding issued and outstanding shares of common stock dated January 7, 2000. 64 pages. Arizona Sample Stock Purchase Agreement between Reassure America Life Insurance Company and Penn corp Financial Group, Inc. regarding issued and outstanding shares of common stock is a legally binding document that outlines the terms and conditions of the stock sale transaction between the two parties. This agreement is specific to Arizona jurisdiction and is designed to protect the rights and interests of both the buyer (Reassure America Life Insurance Co.) and the seller (Penn corp Financial Group, Inc.). The purpose of this agreement is to provide a comprehensive framework for the sale and purchase of shares of common stock issued by Penn corp Financial Group, Inc. It establishes the price, payment terms, and conditions of the transaction. Additionally, it outlines the obligations and responsibilities of both parties before, during, and after the completion of the stock purchase. Some key provisions and sections that can be found in the Arizona Sample Stock Purchase Agreement include: 1. Parties: This section identifies the buyer and the seller involved in the transaction, namely Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. 2. Recitals: This part provides a brief background and context of the stock sale, including the purpose, corporate details, and relevant corporate approvals. 3. Purchase and Sale of Shares: This section contains the terms of the stock purchase, including the number of shares, price per share, and total purchase price. It also covers whether the transaction involves all or only a portion of the outstanding shares. 4. Closing Conditions: This clause outlines the conditions that must be met for the closing of the transaction to occur. These may include regulatory approvals, shareholder consents, and other customary closing conditions. 5. Representations and Warranties: Both parties make certain representations and warranties about their respective organizations, authority to enter into the agreement, and absence of any undisclosed liabilities or litigation. 6. covenants: The agreement may include various covenants that restrict the actions of the parties during the transaction process, such as restrictions on the issuance of additional shares, new debt arrangements, or disposal of assets. 7. Indemnification: This section addresses the remedies available to each party in case of a breach of any representation, warranty, or covenant in the agreement. It typically includes provisions for indemnification and procedures for making claims. 8. Governing Law and Jurisdiction: As this agreement is specific to Arizona jurisdiction, it will contain provisions designating Arizona law as the governing law and specifying the jurisdiction where any disputes arising from the agreement shall be resolved. Different types or variations of the Arizona Sample Stock Purchase Agreement may exist depending on the specific circumstances of the transaction or the preferences of the parties involved. These may include agreements that are tailored for stock purchase in the context of mergers and acquisitions, private equity investments, or joint ventures.

Arizona Sample Stock Purchase Agreement between Reassure America Life Insurance Company and Penn corp Financial Group, Inc. regarding issued and outstanding shares of common stock is a legally binding document that outlines the terms and conditions of the stock sale transaction between the two parties. This agreement is specific to Arizona jurisdiction and is designed to protect the rights and interests of both the buyer (Reassure America Life Insurance Co.) and the seller (Penn corp Financial Group, Inc.). The purpose of this agreement is to provide a comprehensive framework for the sale and purchase of shares of common stock issued by Penn corp Financial Group, Inc. It establishes the price, payment terms, and conditions of the transaction. Additionally, it outlines the obligations and responsibilities of both parties before, during, and after the completion of the stock purchase. Some key provisions and sections that can be found in the Arizona Sample Stock Purchase Agreement include: 1. Parties: This section identifies the buyer and the seller involved in the transaction, namely Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. 2. Recitals: This part provides a brief background and context of the stock sale, including the purpose, corporate details, and relevant corporate approvals. 3. Purchase and Sale of Shares: This section contains the terms of the stock purchase, including the number of shares, price per share, and total purchase price. It also covers whether the transaction involves all or only a portion of the outstanding shares. 4. Closing Conditions: This clause outlines the conditions that must be met for the closing of the transaction to occur. These may include regulatory approvals, shareholder consents, and other customary closing conditions. 5. Representations and Warranties: Both parties make certain representations and warranties about their respective organizations, authority to enter into the agreement, and absence of any undisclosed liabilities or litigation. 6. covenants: The agreement may include various covenants that restrict the actions of the parties during the transaction process, such as restrictions on the issuance of additional shares, new debt arrangements, or disposal of assets. 7. Indemnification: This section addresses the remedies available to each party in case of a breach of any representation, warranty, or covenant in the agreement. It typically includes provisions for indemnification and procedures for making claims. 8. Governing Law and Jurisdiction: As this agreement is specific to Arizona jurisdiction, it will contain provisions designating Arizona law as the governing law and specifying the jurisdiction where any disputes arising from the agreement shall be resolved. Different types or variations of the Arizona Sample Stock Purchase Agreement may exist depending on the specific circumstances of the transaction or the preferences of the parties involved. These may include agreements that are tailored for stock purchase in the context of mergers and acquisitions, private equity investments, or joint ventures.