Common use of Legality of Securities Clause in Contracts

Legality of Securities. The Securities, when sold and delivered, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with the terms thereof, and shall be duly and validly issued and outstanding, fully paid and nonassessable. The Securities, when issued, shall be duly and validly issued and outstanding, fully paid and non-assessable.

Appears in 6 contracts

Samples: Placement Agency Agreement (Homecom Communications Inc), Placement Agency Agreement (Bioshield Technologies Inc), Placement Agency Agreement (Homecom Communications Inc)

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Legality of Securities. The Securities, when sold and delivered, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with the terms thereof, and shall be duly and validly issued and outstanding, fully paid and nonassessable. The SecuritiesCommon Stock into which the Securities are convertible, when issued, converted in accordance with the Company's Articles of Incorporation shall be duly and validly issued and outstanding, fully paid and non-assessable.

Appears in 2 contracts

Samples: Placement Agency Agreement (D H Marketing & Consulting Inc), Placement Agency Agreement (Cityview Energy Corp LTD)

Legality of Securities. The Securities, when sold and delivered, will ------------------------ constitute legal, valid and binding obligations of the Company, enforceable in accordance with the terms temps thereof, and shall be duly and validly issued and outstanding, fully paid and nonassessable. The Securities, when issued, Securities to be delivered at the Closing shall be duly and validly issued and outstanding, fully paid and non-assessable.

Appears in 1 contract

Samples: Placement Agency Agreement (Photoloft Com)

Legality of Securities. The Securities, when sold and delivered, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with the terms thereof, and shall be duly and validly issued and outstanding, fully paid and nonassessable. The Securities, when issued, Securities to be delivered at each closing shall be duly and validly issued and outstanding, fully paid and non-assessable.

Appears in 1 contract

Samples: Company Subscriber Agreement (Pro Net Link Corp)

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Legality of Securities. The Securities, when sold and delivered, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with the terms thereof, and shall be duly and validly issued and outstanding, fully paid and nonassessable. The SecuritiesCommon Stock into which the Securities are convertible, when issued, upon conversion in accordance with the Company's Debentures shall be duly and validly issued and outstanding, fully paid and non-assessable.

Appears in 1 contract

Samples: Placement Agency Agreement (Saf T Lok Inc)

Legality of Securities. The Securities, when sold and delivered, will ---------------------- constitute legal, valid and binding obligations of the Company, enforceable in accordance with the terms thereof, and shall be duly and validly issued and outstanding, fully paid and nonassessable. The SecuritiesCommon Stock into which the Securities are convertible, when issued, upon conversion in accordance with the Company's Debentures shall be duly and validly issued and outstanding, fully paid and non-non- assessable.

Appears in 1 contract

Samples: Placement Agency Agreement (Saf T Lok Inc)

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