Common use of Due Issuance of the Purchase Shares Clause in Contracts

Due Issuance of the Purchase Shares. The Purchase Shares have been duly authorized and, when issued and delivered to the Option Holder and paid for by the Option Holder pursuant to this Agreement, will be validly issued, fully paid and non-assessable.

Appears in 5 contracts

Samples: Option Agreement (Solar Power, Inc.), Option Agreement (Solar Power, Inc.), Option Agreement (Solar Power, Inc.)

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Due Issuance of the Purchase Shares. The Purchase Shares have been duly authorized and, when issued and delivered to the Option Holder and paid for by the Option Holder pursuant to this Agreement, will be validly issued, fully paid and non-assessable, and free of any liens or encumbrances, except as required by applicable laws, and issued in compliance with all applicable federal, securities laws and the Articles of Incorporation and the Bylaws of the Company.

Appears in 4 contracts

Samples: Option Agreement (He Jilun), Purchase Agreement, Purchase Agreement

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Due Issuance of the Purchase Shares. The Purchase Shares have been duly authorized and, when issued and delivered to the Option Holder and paid for by the Option Holder pursuant to this Agreement, will be validly issued, fully paid and non-assessable, and free of any liens or encumbrances, except as required by applicable laws, and issued in compliance with all applicable federal, state and other securities laws and the Articles of Incorporation and the Bylaws of the Company.

Appears in 2 contracts

Samples: Option Agreement (Xiaofeng Peng), Option Agreement (Solar Power, Inc.)

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