Common use of Duly Issued Shares Clause in Contracts

Duly Issued Shares. The shares of Common Stock to be issued to Holder hereunder have been duly authorized and, upon delivery in accordance with this Agreement, (a) will be validly issued, fully paid and non-assessable, and (b) will not be subject to any encumbrances, other than those imposed by Holder or under applicable federal and state securities laws.

Appears in 6 contracts

Samples: Conversion Agreement (Armada Water Assets Inc), Note Conversion Agreement (Armada Water Assets Inc), Note Conversion Agreement (Armada Water Assets Inc)

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Duly Issued Shares. The shares of Common Stock to be issued to Holder Stockholder hereunder have been duly authorized and, upon delivery in accordance with this Agreement, (a) will be validly issued, fully paid and non-assessable, and (b) will not be subject to any encumbrances, other than those imposed by Holder Stockholder or under applicable federal and state securities laws.

Appears in 4 contracts

Samples: Series C Preferred Stock Conversion Agreement (Armada Water Assets Inc), Series B Preferred Stock Conversion Agreement (Armada Water Assets Inc), Series a Preferred Stock Conversion Agreement (Armada Water Assets Inc)

Duly Issued Shares. The shares of Common Stock and Preferred Stock to be issued by Issuer to Holder hereunder have been duly authorized and, upon delivery in accordance with this Agreement, (a) will be validly issued, fully paid and non-assessable, and (b) will not be subject to any encumbrances, other than those imposed by Holder or under applicable federal and state securities laws.

Appears in 4 contracts

Samples: Conversion and Note Modification Agreement (Armada Water Assets Inc), Conversion and Note Modification Agreement (Armada Water Assets Inc), Conversion and Note Modification Agreement (Armada Water Assets Inc)

Duly Issued Shares. The shares of Common Stock to be issued and exchanged by Issuer to Holder hereunder have been duly authorized and, upon delivery in accordance with this Agreement, (a) will be validly issued, fully paid and non-assessable, and (b) will not be subject to any encumbrances, other than those imposed by Holder or under applicable federal and state securities laws.

Appears in 2 contracts

Samples: Exchange Agreement (Access to Money, Inc.), Exchange Agreement (Access to Money, Inc.)

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Duly Issued Shares. The shares of Common Stock to be issued and exchanged by Issuer to Holder hereunder have been duly authorized and, upon delivery in accordance with this Agreement, Agreement (a) will be validly issued, fully paid and non-assessable, and (b) will not be subject to any encumbrances, other than those imposed by Holder or under applicable federal and state securities laws.

Appears in 1 contract

Samples: Exchange Agreement (Mikros Systems Corp)

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