Common use of Non-Assessable Shares Clause in Contracts

Non-Assessable Shares. The Securities being issued hereunder will be duly authorized and, when issued to the Purchaser for the consideration herein provided, will be validly issued, fully paid and non-assessable.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Excaliber Enterprises, Ltd.), Securities Purchase Agreement (Excaliber Enterprises, Ltd.), Securities Purchase Agreement (Excaliber Enterprises, Ltd.)

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Non-Assessable Shares. The Securities Shares being issued hereunder will be have been --------------------- duly authorized and, when issued to the Purchaser for the consideration herein provided, will be validly issued, fully paid and non-assessable.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Nava Leisure Usa Inc)

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Non-Assessable Shares. The Securities being issued hereunder will be have been duly authorized and, the Shares, when issued to the Purchaser for the consideration herein provided, and the shares of Common Stock issued upon the proper exercise of the Warrants, will be validly issued, fully paid and non-assessable.

Appears in 1 contract

Samples: Securities Purchase Agreement (Senesco Technologies Inc)

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