Free and Clear Delivery. All shares of Common Stock or other securities delivered upon conversion of the Designated Stock shall be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and free and clear of all liens, claims, security interests and other encumbrances (other than liens, charges, security interests and other encumbrances created by the Holders).
Appears in 4 contracts
Samples: Exchange Agreement (Broadway Financial Corp \De\), Exchange Agreement (Citigroup Inc), Exchange Agreement
Free and Clear Delivery. All shares of Common Stock or other securities delivered upon conversion of the Designated Series B Preferred Stock shall be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and free and clear of all liens, claims, security interests and other encumbrances (other than liens, charges, security interests and other encumbrances created by the Holdersholders of the Series B Preferred Stock).
Appears in 4 contracts
Samples: Investment Agreement (Sterling Financial Corp /Wa/), Investment Agreement (Sterling Financial Corp /Wa/), Investment Agreement (Sterling Financial Corp /Wa/)
Free and Clear Delivery. All shares of Common Stock or other securities delivered upon conversion of the Designated Stock shall Series B Preferred Stock, shall, upon issuance, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and free and clear of all liens, claims, security interests and other encumbrances (other than liens, charges, security interests and other encumbrances created by the Holders).
Appears in 3 contracts
Samples: Securities Purchase Agreement (Eastern Virginia Bankshares Inc), Securities Purchase Agreement (Eastern Virginia Bankshares Inc), Securities Purchase Agreement (Eastern Virginia Bankshares Inc)
Free and Clear Delivery. All shares of Common Stock or other securities delivered upon conversion of the Designated Convertible Preferred Stock shall be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and free and clear of all liens, claims, security interests and other encumbrances (other than liens, charges, security interests and other encumbrances created by the Holders).
Appears in 3 contracts
Samples: Investment Agreement (Great Atlantic & Pacific Tea Co Inc), Investment Agreement (Great Atlantic & Pacific Tea Co Inc), Asset Purchase Agreement (Marshall Edwards Inc)
Free and Clear Delivery. All shares of Common Stock or other securities delivered upon conversion of the Designated Series B Preferred Stock shall shall, upon issuance, be duly authorized, validly issued, fully paid and non-assessable, free of preemptive rights and free and clear of all liens, claims, security interests and other encumbrances (other than liens, charges, security interests and other encumbrances created by the Holders).
Appears in 1 contract
Samples: Subscription and Purchase Agreement (Macatawa Bank Corp)
