Authorization of Conversion Shares. The Conversion Shares have been duly authorized for issuance and when issued and delivered by the Company in accordance with the terms of this Agreement will be validly issued and fully paid and nonassessable. Such issuance will not constitute a violation of any preemptive, preferential or first refusal rights enforceable against the Company.
Appears in 2 contracts
Samples: Transaction Agreement (Sothebys Holdings Inc), Transaction Agreement (Taubman Alfred A)
Authorization of Conversion Shares. The Conversion Shares have been duly authorized for issuance by the Company, and when issued and delivered by the Company in accordance with the terms and conditions of this Agreement will be validly issued and issued, fully paid and nonassessable. Such issuance will not constitute a violation of any preemptive, preferential or first refusal rights enforceable against the Companynon-assessable.
Appears in 1 contract
Samples: Convertible Promissory Note Conversion Agreement (Gemphire Therapeutics Inc.)
Authorization of Conversion Shares. The Conversion Shares have been will be duly authorized for issuance by the Company prior to the date of the Conversion Event, and when issued and delivered by the Company in accordance with the terms and conditions of this Agreement will be validly issued and issued, fully paid and nonassessable. Such issuance will not constitute a violation of any preemptive, preferential or first refusal rights enforceable against the Companynon-assessable.
Appears in 1 contract
Samples: Conversion Agreement (Rexahn Pharmaceuticals, Inc.)
