New Mexico 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. A Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. is a legal document that outlines the terms and conditions of a stock purchase transaction involving issued and outstanding shares of common stock. This agreement is drafted specifically in accordance with the laws and regulations of the state of New Mexico. The agreement begins by providing a detailed background and context of the transaction, including the identification of the parties involved, namely Reassure America Life Insurance Co. (the "Buyer") and Penn corp Financial Group, Inc. (the "Seller"). It describes the purpose and intent of the agreement, emphasizing the Buyer's intention to acquire the issued and outstanding shares of common stock in order to further its strategic objectives. The agreement then proceeds to define and clarify several key terms used throughout the document, ensuring a common understanding between the parties. These terms may include but are not limited to: 1. "Shares": Referring to the issued and outstanding shares of common stock that are the subject of the transaction. 2. "Purchase Price": The agreed upon amount that the Buyer will pay to the Seller for the shares. 3. "Closing Date": The date on which the transaction will be completed, and ownership of the shares will be transferred. 4. "Representations and Warranties": The statements made by each party regarding the accuracy and completeness of information provided and the legality and validity of the transaction. The agreement then outlines the conditions precedent that need to be fulfilled before the transaction can take place. These conditions may include obtaining necessary approvals, consents, and waivers, as well as completion of due diligence and the absence of any legal or regulatory obstacles. Next, the agreement discusses the mechanics of the transaction. It details the process for transferring the shares, including the delivery of stock certificates, execution of ancillary documents, and payment of the purchase price. Additionally, any necessary post-closing adjustments or allocations are addressed. Furthermore, the agreement includes provisions related to indemnification, governing law, dispute resolution mechanisms, and confidentiality obligations. These clauses aim to protect the interests of both parties and provide a framework for resolving any potential conflicts. Different types or variations of the New Mexico Sample Stock Purchase Agreement may exist, depending on the specific terms and circumstances of the transaction. Such variations may include agreements tailored for different industries, sectors, or types of shares (e.g., preferred stock, non-voting stock). Each agreement may contain specific provisions relevant to the particular transaction. In conclusion, the New Mexico Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. is a comprehensive legal document that facilitates the acquisition of issued and outstanding shares of common stock. Adhering to the laws and regulations of New Mexico, the agreement protects the rights and interests of both the buyer and the seller, ensuring a fair and lawful transaction.

A Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. is a legal document that outlines the terms and conditions of a stock purchase transaction involving issued and outstanding shares of common stock. This agreement is drafted specifically in accordance with the laws and regulations of the state of New Mexico. The agreement begins by providing a detailed background and context of the transaction, including the identification of the parties involved, namely Reassure America Life Insurance Co. (the "Buyer") and Penn corp Financial Group, Inc. (the "Seller"). It describes the purpose and intent of the agreement, emphasizing the Buyer's intention to acquire the issued and outstanding shares of common stock in order to further its strategic objectives. The agreement then proceeds to define and clarify several key terms used throughout the document, ensuring a common understanding between the parties. These terms may include but are not limited to: 1. "Shares": Referring to the issued and outstanding shares of common stock that are the subject of the transaction. 2. "Purchase Price": The agreed upon amount that the Buyer will pay to the Seller for the shares. 3. "Closing Date": The date on which the transaction will be completed, and ownership of the shares will be transferred. 4. "Representations and Warranties": The statements made by each party regarding the accuracy and completeness of information provided and the legality and validity of the transaction. The agreement then outlines the conditions precedent that need to be fulfilled before the transaction can take place. These conditions may include obtaining necessary approvals, consents, and waivers, as well as completion of due diligence and the absence of any legal or regulatory obstacles. Next, the agreement discusses the mechanics of the transaction. It details the process for transferring the shares, including the delivery of stock certificates, execution of ancillary documents, and payment of the purchase price. Additionally, any necessary post-closing adjustments or allocations are addressed. Furthermore, the agreement includes provisions related to indemnification, governing law, dispute resolution mechanisms, and confidentiality obligations. These clauses aim to protect the interests of both parties and provide a framework for resolving any potential conflicts. Different types or variations of the New Mexico Sample Stock Purchase Agreement may exist, depending on the specific terms and circumstances of the transaction. Such variations may include agreements tailored for different industries, sectors, or types of shares (e.g., preferred stock, non-voting stock). Each agreement may contain specific provisions relevant to the particular transaction. In conclusion, the New Mexico Sample Stock Purchase Agreement between Reassure America Life Insurance Co. and Penn corp Financial Group, Inc. is a comprehensive legal document that facilitates the acquisition of issued and outstanding shares of common stock. Adhering to the laws and regulations of New Mexico, the agreement protects the rights and interests of both the buyer and the seller, ensuring a fair and lawful transaction.