Common use of Legality of Shares to be Issued Clause in Contracts

Legality of Shares to be Issued. The Shares to be issued by the Company pursuant to this Agreement, when so issued and delivered, will have been duly and validly authorized and issued by the Company and will be fully paid and nonassessable.

Appears in 4 contracts

Samples: Stock Conversion Agreement (Eagle Ford Oil & Gas Corp), Contract Assignment And (Desert Hawk Gold Corp.), Debt Conversion Agreement (Paystar Corp)

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Legality of Shares to be Issued. The Shares shares of Company's preferred stock to be issued by the Company delivered pursuant to this Agreementagreement, when so issued and delivered, will have been duly and validly authorized and issued by the Company and will be fully paid and nonassessable.

Appears in 1 contract

Samples: Exchange Agreement (Silk Botanicals Com Inc)

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Legality of Shares to be Issued. The Shares All shares of Purchaser to be issued by the Company delivered pursuant to this Agreement, when so issued and delivered, will have been duly and validly authorized and issued by the Company Purchaser and will be fully paid and nonassessable.

Appears in 1 contract

Samples: Acquisition and Reorganization Agreement (Renu U International Inc)

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