Common use of Legality of Securities Clause in Contracts

Legality of Securities. The Securities when sold and delivered in accordance with the Offering Documents, and the Agent Securities (as defined in Section 3.4 below) when issued and delivered, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with the terms thereof, and the Securities and Agent Securities shall be duly and validly issued and outstanding, fully paid and non-assessable. The Common Stock into which any Securities are exercisable and the Common Stock into which any of Agent's Securities are exercisable, when issued upon exercise of any Securities or upon exercise of any of Agent's Securities, as applicable, shall be duly and validly issued and outstanding, fully paid and non-assessable.

Appears in 3 contracts

Samples: Private Equity Line of Credit Agreement (Staruni Corp), Placement Agent Agreement (Staruni Corp), Placement Agent Agreement (Staruni Corp)

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Legality of Securities. The Securities when sold and delivered in accordance with the Offering Documents, and the Agent Securities (as defined in Section 3.4 below) when issued and delivered, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with the terms thereof, and the Securities and Agent Securities shall be duly and validly issued and outstanding, fully paid and non-assessablenonassessable. The Common Stock into which any Securities are exercisable and the Common Stock into which any of Agent's Securities are exercisable, when issued upon exercise of any Securities or upon exercise of any of Agent's Securities, as applicable, shall be duly and validly issued and outstanding, fully paid and non-assessable.

Appears in 2 contracts

Samples: Placement Agent Agreement (Techniclone Corp/De/), Placement Agent Agreement (Techniclone Corp/De/)

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Legality of Securities. The Securities when sold and delivered in accordance with the Offering Documents, and the Placement Agent Securities Warrants (as defined in Section 3.4 below) when issued and delivered, will constitute legal, valid and binding obligations of the Company, enforceable in accordance with the terms thereof, and the Securities and Agent Securities shall be duly and validly issued and outstanding, fully paid and non-assessablenonassessable. The Common Stock into which any Securities are exercisable and the Common Stock into which any of Placement Agent's Securities Warrants are exercisable, when issued upon exercise of any Securities or upon exercise of any of Placement Agent's SecuritiesWarrants, as applicable, shall be duly and validly issued and outstanding, fully paid and non-assessable.

Appears in 1 contract

Samples: Subscription Agreement (Viragen Inc)

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