Status of Subsidiary Shares. The certificates evidencing the Subsidiary Shares shall at all times be valid and genuine and shall not be altered. The Subsidiary Shares at all times shall be duly authorized, validly issued, fully paid, and non-assessable, and shall not be issued in violation of the preemptive rights of any Person or of any agreement by which Debtor or the Issuer thereof is bound and shall not be subject to any restrictions with respect to transfer, voting or Capital of such Subsidiary Shares.
Appears in 4 contracts
Samples: Subsidiary Security Agreement (Leslie Resources Inc), Subsidiary Security Agreement (Leslie Resources Inc), Security Agreement (Leslie Resources Inc)
