Common use of Representations and Covenants of Issuer Clause in Contracts

Representations and Covenants of Issuer. (a) The Company hereby represents to the Holder as follows: (i) The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Florida. (ii) The Company has the corporate power and authority to execute and deliver this Warrant and to perform the terms hereof, including the issuance of shares of Common Stock issuable upon exercise hereof. The Company has taken all action necessary to authorize the execution, delivery and performance of this Warrant and the issuance of the shares of Common Stock issuable upon exercise hereof. This Warrant has been duly authorized and executed by the Company and constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or limiting creditors' rights generally. (b) The Company covenants and agrees that all shares of Common Stock which may be issued upon the exercise of this Warrant will, upon issuance, be fully paid and nonassessable and free from all taxes, liens and charges (other than taxes in respect of any transfer occurring contemporaneously with such issuance). MARINE BANCSHARES, INC. STOCK PURCHASE WARRANT DATED ___________, 1998 Page 5

Appears in 2 contracts

Samples: Stock Purchase Warrant (Marine Bancshares Inc), Stock Purchase Warrant (Marine Bancshares Inc)

AutoNDA by SimpleDocs

Representations and Covenants of Issuer. (a) The Company hereby represents to the Holder as follows: (i) The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Florida. (ii) The Company has the corporate power and authority to execute and deliver this Warrant and to perform the terms hereof, including the issuance of shares of Common Stock issuable upon exercise hereof. The Company has taken all action necessary to authorize the execution, delivery and performance of this Warrant and the issuance of the shares of Common Stock issuable upon exercise hereof. This Warrant has been duly authorized and executed by the Company and constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or limiting creditors' rights generally.. FIRST CAPITAL BANK HOLDING CORPORATION STOCK PURCHASE WARRANT DATED ___________, 1999 (b) The Company covenants and agrees that all shares of Common Stock which may be issued upon the exercise of this Warrant will, upon issuance, be fully paid and nonassessable and free from all taxes, liens and charges (other than taxes in respect of any transfer occurring contemporaneously with such issuance). MARINE BANCSHARES, INC. STOCK PURCHASE WARRANT DATED ___________, 1998 Page 5.

Appears in 1 contract

Samples: Stock Purchase Warrant (First Capital Bank Holding Corp)

Representations and Covenants of Issuer. (a) The Company hereby represents to the Holder as follows: (i) : • The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Florida. (ii) . May 10, 2007 — 5:00 p.m. Representative’s Initials: KH Company’s Initials: RS • The Company has the corporate power and authority to execute and deliver this Warrant and to perform the terms hereof, including the issuance of shares of Common Stock common stock issuable upon exercise hereof. The Company has taken all action necessary to authorize the execution, delivery and performance of this Warrant and the issuance of the shares of Common Stock common stock issuable upon exercise hereof. This Warrant has been duly authorized and executed by the Company and constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or limiting creditors' rights generally. (b) The Company covenants and agrees that all shares of Common Stock common stock which may be issued upon the exercise of this Warrant will, upon issuance, be fully paid and nonassessable and free from all taxes, liens and charges (other than taxes in respect of any transfer occurring contemporaneously with such issuance). MARINE BANCSHARES, INC. STOCK PURCHASE WARRANT DATED ___________, 1998 Page 5.

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Marco Community Bancorp Inc)

AutoNDA by SimpleDocs

Representations and Covenants of Issuer. (a) The Company hereby represents to the Holder as follows: (i) The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Florida. (ii) The Company has the corporate power and authority to execute and deliver this Warrant and to perform the terms hereof, including the issuance of shares of Common Stock issuable upon exercise hereof. The Company has taken all action necessary to authorize the execution, delivery and performance of this Warrant and the issuance of the shares of Common Stock issuable upon exercise hereof. This Warrant has been duly authorized and executed by the Company and constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or limiting creditors' rights generally.. MARINE BANCSHARES, INC. STOCK PURCHASE WARRANT DATED ___________, 1999 Page 5 (b) The Company covenants and agrees that all shares of Common Stock which may be issued upon the exercise of this Warrant will, upon issuance, be fully paid and nonassessable and free from all taxes, liens and charges (other than taxes in respect of any transfer occurring contemporaneously with such issuance). MARINE BANCSHARES, INC. STOCK PURCHASE WARRANT DATED ___________, 1998 Page 5.

Appears in 1 contract

Samples: Stock Purchase Warrant (Marine Bancshares Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!