SHARES TO BE DELIVERED TO PURCHASER Sample Clauses

SHARES TO BE DELIVERED TO PURCHASER. The issuance and delivery by the Company to Purchaser of the Franklin Shares and the Franklin Warrant Shares have been duly and validly authorized by all necessary corporate action on the part of the Company and have been reserved for issuance pursuant to this Agreement or upon exercise of the Franklin Warrant, as the case may be. The Franklin Shares and the Franklin Warrant Shares, if and when issued in accordance with the terms of the Warrant, will be validly issued, fully paid and nonassessable and free of all Liens.
AutoNDA by SimpleDocs

Related to SHARES TO BE DELIVERED TO PURCHASER

Time is Money Join Law Insider Premium to draft better contracts faster.