Common use of Issue Capital Clause in Contracts

Issue Capital. Effective as of the Closing Date contemplated by this agreement, the Shares issued to the Vendors on the Closing Date pursuant to Section 2.1 hereof shall be duly and validly issued and outstanding as fully paid and non-assessable shares of the Purchaser and will have been issued in full compliance with and all applicable securities legislation.

Appears in 3 contracts

Samples: Purchase Agreement (Axyn Corp), Purchase Agreement (Axyn Corp), Purchase Agreement (Axyn Corp)

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Issue Capital. Effective as of the Closing Date contemplated by this agreement, the Shares issued to the Vendors Vendor on the Closing Date pursuant to Section 2.1 hereof shall be duly and validly issued and outstanding as fully paid and non-assessable shares of the Purchaser and will have been issued in full compliance with and all applicable securities legislation.

Appears in 1 contract

Samples: Purchase Agreement (Axyn Corp)

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