Common use of Due Authorization and Valid Issuance Clause in Contracts

Due Authorization and Valid Issuance. That all shares of Stock which may be issued upon the exercise of the rights represented by the Warrant Certificates will, upon issue and payment of the aggregate Warrant Price therefore, be duly authorized, validly issued, fully paid and non-assessable and free and clear of all liens and encumbrances, with no personal liability attaching to the ownership thereof.

Appears in 8 contracts

Samples: Warrant Agreement, Warrant Agreement (Carroll Bancorp, Inc.), Warrant Agreement (Camco Financial Corp)

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Due Authorization and Valid Issuance. That all shares of Common Stock which may be issued upon the exercise of the rights represented by the Warrant Certificates will, upon issue and payment of the aggregate Warrant Price therefore, be duly authorized, validly issued, fully paid and non-assessable and free and clear of all liens and encumbrances, with no personal liability attaching to the ownership thereof.

Appears in 6 contracts

Samples: Warrant Agreement (PCI Media, Inc.), Warrant Agreement (AgEagle Aerial Systems Inc.), Warrant Agreement (RMR Industrials, Inc.)

Due Authorization and Valid Issuance. That all shares of Stock All Shares which may be issued upon the exercise of the rights represented by the Warrant Certificates Warrants will, upon issue and payment of the aggregate Warrant Price Price, therefore, be duly authorized, validly issued, fully paid and non-assessable and free and clear of all liens and encumbrances, with no personal liability attaching to the ownership thereof.

Appears in 1 contract

Samples: Warrant Agreement (KingsCrowd, Inc.)

Due Authorization and Valid Issuance. That all shares of Stock which that may be issued upon the exercise of the rights represented by the Warrant Certificates will, upon issue and payment of the aggregate Warrant Price thereforePrice, be duly authorized, validly issued, fully paid and non-assessable and free and clear of all liens and encumbrances, with no personal liability attaching to the ownership thereofof them.

Appears in 1 contract

Samples: Warrant Agreement (New Peoples Bankshares Inc)

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Due Authorization and Valid Issuance. That all shares of Stock Common Shares which may be issued upon the exercise of the rights represented by the Warrant Certificates will, upon issue and payment of the aggregate Warrant Price therefore, be duly authorized, validly issued, fully paid and non-assessable and free and clear of all liens and encumbrances, with no personal liability attaching to the ownership thereof.

Appears in 1 contract

Samples: Warrant Agreement (Frankly Inc)

Due Authorization and Valid Issuance. That all shares of Common Stock which may be issued upon the exercise of the rights represented by the Warrant Certificates will, upon issue and payment of the aggregate Warrant Purchase Price thereforetherefor, be duly authorized, validly issued, fully paid and non-assessable and free and clear of all liens and encumbrances, with no personal liability attaching to the ownership thereof.;

Appears in 1 contract

Samples: Warrant Agreement (Bancorp of New Jersey, Inc.)

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