Nassau New York Sample Stock Purchase Agreement between Allegheny Energy, Inc., Energy Corp. of America and Eastern Systems Corporation

• Category: Corporations - Public - Stock Purchase Sample
• State: Multi-State
• County: Nassau
• Control #: US-EG-9001
• Format: Word; Rich Text

Description

Stock Purchase Agreement btwn Allegheny Energy, Inc., Energy Corp. of America and Eastern Systems Corp. dated Dec. 20, 1999. 75 pages The Nassau New York Sample Stock Purchase Agreement between Allegheny Energy, Inc., Energy Corp. of America, and Eastern Systems Corporation is a legally binding document that outlines the terms and conditions of a stock purchase transaction between the mentioned entities. This agreement serves to protect the interests of all parties involved and ensure a smooth transfer of ownership. The agreement sets forth the agreement's effective date, the names and addresses of the buyer (Allegheny Energy, Inc.), the seller (Energy Corp. of America), and the target company being purchased (Eastern Systems Corporation). It identifies the number of shares to be exchanged and the purchase price per share or the total consideration for the transaction. The agreement also includes provisions related to the closing of the purchase, detailing any conditions precedent that must be met before the transaction can be completed. This may include regulatory approvals, shareholder consent, or the absence of any material adverse changes in the target company's financial condition or operations. Furthermore, the agreement specifies representations and warranties made by both the buyer and the seller. The buyer may warrant that it has the necessary corporate power and authority to enter and carry out the purchase, while the seller may warrant that it has good and marketable title to the stock being sold. These representations and warranties serve as assurances to each party regarding the validity and enforceability of the agreement. In case of any breaches or disputes arising from the agreement, provisions for indemnification, remedies, and dispute resolution are outlined. Confidentiality clauses may also be included, ensuring that all parties keep the details of the transaction strictly confidential. There may be variations of this Sample Stock Purchase Agreement, depending on the specific terms negotiated between the parties. For example, there could be additional provisions related to post-closing obligations, non-compete agreements, or earn-outs. Each agreement will have its own unique details based on the specific circumstances and negotiations involved in the transaction. Overall, the Nassau New York Sample Stock Purchase Agreement between Allegheny Energy, Inc., Energy Corp. of America, and Eastern Systems Corporation serves as a comprehensive legal document that governs the purchase of stock, protecting the interests of all parties involved and providing a clear framework for the transaction to take place.

The Nassau New York Sample Stock Purchase Agreement between Allegheny Energy, Inc., Energy Corp. of America, and Eastern Systems Corporation is a legally binding document that outlines the terms and conditions of a stock purchase transaction between the mentioned entities. This agreement serves to protect the interests of all parties involved and ensure a smooth transfer of ownership. The agreement sets forth the agreement's effective date, the names and addresses of the buyer (Allegheny Energy, Inc.), the seller (Energy Corp. of America), and the target company being purchased (Eastern Systems Corporation). It identifies the number of shares to be exchanged and the purchase price per share or the total consideration for the transaction. The agreement also includes provisions related to the closing of the purchase, detailing any conditions precedent that must be met before the transaction can be completed. This may include regulatory approvals, shareholder consent, or the absence of any material adverse changes in the target company's financial condition or operations. Furthermore, the agreement specifies representations and warranties made by both the buyer and the seller. The buyer may warrant that it has the necessary corporate power and authority to enter and carry out the purchase, while the seller may warrant that it has good and marketable title to the stock being sold. These representations and warranties serve as assurances to each party regarding the validity and enforceability of the agreement. In case of any breaches or disputes arising from the agreement, provisions for indemnification, remedies, and dispute resolution are outlined. Confidentiality clauses may also be included, ensuring that all parties keep the details of the transaction strictly confidential. There may be variations of this Sample Stock Purchase Agreement, depending on the specific terms negotiated between the parties. For example, there could be additional provisions related to post-closing obligations, non-compete agreements, or earn-outs. Each agreement will have its own unique details based on the specific circumstances and negotiations involved in the transaction. Overall, the Nassau New York Sample Stock Purchase Agreement between Allegheny Energy, Inc., Energy Corp. of America, and Eastern Systems Corporation serves as a comprehensive legal document that governs the purchase of stock, protecting the interests of all parties involved and providing a clear framework for the transaction to take place.