Fully Paid Stock. The Company covenants that the shares of Common Stock represented by each and every certificate for its Common Stock to be delivered on the exercise of the purchase rights herein shall, at the time of such delivery, and upon such payment in full of the Exercise Price for each share of Common Stock being exercised, be duly authorized, validly issued and outstanding and fully paid and nonassessable.
Appears in 6 contracts
Samples: Healthaxis Inc, Tak Sharad Kumar, Healthaxis Inc
Fully Paid Stock. The Company covenants that the shares of Common Stock represented by each and every certificate for its Common Stock to be delivered on the exercise of the purchase rights herein shall, at the time of such delivery, and upon such payment in full of the Exercise Price for each share of Common Stock being exercised, ,be duly authorized, validly issued and outstanding and fully paid and nonassessable.
Appears in 3 contracts
Samples: Healthaxis Inc, Tak Sharad Kumar, Healthaxis Inc
Fully Paid Stock. The Company covenants that the shares of Common Stock stock represented by each and every certificate for its Common Stock to be delivered on the exercise of the purchase rights herein shall, at the time of such delivery, and upon such payment in full of the Exercise Price for each share of Common Stock being exercised, be duly authorized, validly issued and outstanding and fully paid and nonassessable.
Appears in 1 contract
Samples: Healthaxis Inc