Common use of Authorization of Shares Clause in Contracts

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

Appears in 26 contracts

Samples: Medplus Inc /Oh/, Cedric Kushner Promotions Inc, Common Stock and Warrants Purchase Agreement (Viisage Technology Inc)

AutoNDA by SimpleDocs

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens Liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

Appears in 9 contracts

Samples: Securities Purchase Agreement (Terra Energy & Resource Technologies, Inc.), Subscription Agreement (Terra Energy & Resource Technologies, Inc.), Subscription Agreement (Terra Energy & Resource Technologies, Inc.)

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant, be duly authorized, validly issued, fully paid and nonassessable non-assessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

Appears in 7 contracts

Samples: Stock Purchase Warrant (IDS Solar Technologies, Inc.), Stock Purchase Warrant (Secured Diversified Investment LTD), Stock Purchase Warrant (Secured Diversified Investment LTD)

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this WarrantWarrant and payment of the Exercise Price as set forth herein, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens liens, encumbrances and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issueissue or otherwise specified herein).

Appears in 6 contracts

Samples: Securities Purchase Agreement (Chromavision Medical Systems Inc), Securities Purchase Agreement (Chromavision Medical Systems Inc), Safeguard Scientifics Inc

Authorization of Shares. The Company covenants that all shares of Common Stock Shares which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

Appears in 4 contracts

Samples: Sand Technology Inc, Sand Technology Inc, Sand Technology Inc

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this WarrantWarrant and full payment of the Exercise Price, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

Appears in 4 contracts

Samples: Common Stock Purchase (Medix Resources Inc), Common Stock Purchase (Medix Resources Inc), Agreement and Plan of Merger (Corgenix Medical Corp/Co)

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this WarrantWarrant and payment in full of the Exercise Price, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

Appears in 4 contracts

Samples: Preferred Stock Subscription Agreement (Voice Mobility International Inc), Voice Mobility International Inc, Voice Mobility International Inc

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant Agreement will, upon exercise of the purchase rights represented by this WarrantAgreement, be duly authorized, validly issued, fully paid and nonassessable non-assessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

Appears in 3 contracts

Samples: Conversion and Registration Rights Agreement (Secured Diversified Investment LTD), Conversion and Registration Rights Agreement (Secured Diversified Investment LTD), Conversion and Registration Rights Agreement (Secured Diversified Investment LTD)

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon and paid for as provided in the exercise Purchase Agreement (together with any shares of the purchase rights represented by this Warrant will, Common Stock issued upon exercise of the purchase rights represented by Adjustment Right provided in this WarrantAgreement, the "SHARES") will, upon issue, be duly authorizedfully paid, validly issuednonassessable, fully paid and nonassessable free of preemptive rights and free from all taxes, liens liens, charges and charges in security interests with respect of to the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue)thereof.

Appears in 3 contracts

Samples: Koll Donald M, Cb Richard Ellis Services Inc, Cb Richard Ellis Services Inc

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue). 3.

Appears in 2 contracts

Samples: Convertible Preferred Stock Purchase Agreement (Global Maintech Corp), Sedona Corp

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant will, issuable upon exercise of the purchase rights represented by this WarrantWarrants will, upon issuance, be duly authorized, and validly issued, fully paid and nonassessable and will be free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with or otherwise specified herein). The Company shall take all such issue)actions as may be necessary to ensure that all such Common Stock may be so issued without violation of any applicable law or governmental regulation.

Appears in 2 contracts

Samples: Warrant Agreement (Townsquare Media, Inc.), Warrant Agreement (Townsquare Media, LLC)

AutoNDA by SimpleDocs

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant, be duly authorized, validly issued, fully paid and nonassessable non assessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

Appears in 1 contract

Samples: Midisoft Corporation

Authorization of Shares. The Company hereby covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this WarrantWarrant and payment of the Exercise Price as set forth herein, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens liens, encumbrances and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issueissue or otherwise specified herein).

Appears in 1 contract

Samples: Chromavision Medical Systems Inc

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this WarrantWarrant in accordance with the other terms and conditions hereof, be duly authorized, validly issued, fully paid and nonassessable non-assessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

Appears in 1 contract

Samples: Power Efficiency Corp

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant, be duly authorized, validly issued, fully paid 564847v4 009628.0100 and nonassessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

Appears in 1 contract

Samples: Stock Purchase Warrant (Ion Networks Inc)

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise when issued and paid for in accordance with the terms and conditions of the purchase rights represented by this Warrant, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).,

Appears in 1 contract

Samples: Subscription Agreement (Consygen Inc)

Authorization of Shares. The Company covenants that all shares of Common Stock which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon such exercise and full payment of the purchase rights represented by this WarrantExercise Price for the shares so exercised, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such issue).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Corgenix Medical Corp/Co)

Time is Money Join Law Insider Premium to draft better contracts faster.