The Purchased Securities. The Purchased Securities will be, as of the Closing Date, duly authorized by all necessary corporate action on the part of the Company and, when issued and delivered as provided in this Agreement, will be duly and validly issued, fully paid and non-assessable, and the issuance thereof will not be subject to any preemptive or similar rights.
Appears in 5 contracts
Samples: Subscription Agreement (ES Bancshares, Inc.), Subscription Agreement (ES Bancshares, Inc.), Subscription Agreement (Smithtown Bancorp Inc)
The Purchased Securities. The Purchased Securities will be, as of the Closing Date, duly authorized by all necessary corporate action on the part of the Company Corporation and, when issued and delivered as provided in this Agreement, will be duly and validly issued, fully paid and non-assessable, and the issuance thereof will not be subject to any preemptive or similar rights.
Appears in 2 contracts
Samples: Subscription Agreement (Tower Financial Corp), Subscription Agreement (Tower Financial Corp)
