Common use of Valid Issuance of Common Stock Clause in Contracts

Valid Issuance of Common Stock. The Company possesses the full authority and legal right to issue, sell, transfer, and assign this Warrant and the Shares issuable pursuant to this Warrant. The issuance of this Warrant vests in the holder the entire legal and beneficial interests in this Warrant, free and clear of any liens, claims, and encumbrances and subject to no legal or equitable restrictions of any kind except as described herein. The Shares that are issuable upon exercise of this Warrant, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration expressed herein, will be duly and validly issued, fully paid, and non-assessable, and will be free of restrictions on transfer other than restrictions under applicable state and federal securities.

Appears in 16 contracts

Samples: Stock Warrant Agreement (Gopher Protocol Inc.), Stock Warrant Agreement (Gopher Protocol Inc.), Stock Warrant Agreement (Gopher Protocol Inc.)

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Valid Issuance of Common Stock. The Company possesses the full authority and legal right to issue, sell, transfer, and assign issue this Warrant and the Shares issuable pursuant to this Warrant. The issuance of this Warrant vests in the holder the entire legal and beneficial interests in this Warrant, free and clear of any liens, claims, and encumbrances and subject to no legal or equitable restrictions of any kind except as described herein. The Shares that are issuable upon exercise of this Warrant, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration expressed herein, will be duly and validly issued, fully paid, and non-assessable, and will be free of restrictions on transfer other than restrictions under applicable state and federal securities.

Appears in 10 contracts

Samples: Stock Warrant Agreement (Congaree Bancshares Inc), Independence Bancshares, Inc., Atlantic Bancshares, Inc.

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Valid Issuance of Common Stock. The Company possesses the full ---------------------------------- authority and legal right to issue, sell, transfer, and assign this Warrant and the Shares issuable pursuant to this Warrant. The issuance of this Warrant vests in the holder the entire legal and beneficial interests in this Warrant, free and clear of any liens, claims, and encumbrances and subject to no legal or equitable restrictions of any kind except as described herein. The Shares that are issuable upon exercise of this Warrant, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration expressed herein, will be duly and validly issued, fully paid, and non-assessable, and will be free of restrictions on transfer other than restrictions under applicable state and federal securities.

Appears in 4 contracts

Samples: Ebank Financial Services Inc, Ebank Financial Services Inc, Ebank Financial Services Inc

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