New Warrant Shares. Each of the New Warrant Shares has been duly authorized by CSC and: (i) the New Warrant Shares, upon issuance in accordance with the terms and conditions of the New Warrant Certificates, shall be duly authorized, validly issued, fully paid for and non-assessable; and (ii) CSC has duly reserved for issuance upon proper exercise of the New Warrants such number of New Warrant Shares as equals the Stated Number of Warrants.
Appears in 5 contracts
Samples: Warrant Exchange Agreement (Compliance Systems Corp), Warrant Exchange Agreement (Compliance Systems Corp), Warrant Exchange Agreement (Compliance Systems Corp)
