Valid Issuance of Stock. The Purchased Shares, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration provided for herein, will be duly and validly issued, fully paid and nonassessable. The Conversion Shares have been duly and validly reserved for issuance and, upon issuance in accordance with the terms of the Certificate, will be duly and validly issued, fully paid and nonassessable.
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Valid Issuance of Stock. (a) The Purchased Shares, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration provided for herein, will be duly and validly issued, fully paid and nonassessablenon-assessable. The Conversion Shares have been duly and validly reserved for issuance and, upon issuance in accordance with the terms of the Restated Certificate, will be duly and validly issued, fully paid and nonassessablenon-assessable.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Chaparral Network Storage Inc)
Valid Issuance of Stock. (a) The Purchased Shares, when issued, sold and delivered in accordance with the terms of this Agreement hereof for the consideration provided for expressed herein, will be duly and validly issued, fully paid and nonassessable. The Conversion Shares have been duly and validly reserved for issuance and, upon issuance in accordance with the terms of the CertificateRevised Articles, will be duly and validly issued, fully paid and nonassessable.
Appears in 1 contract
Valid Issuance of Stock. (a) The Purchased Shares, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration provided for hereinAgreement, will be duly and validly issued, fully paid and nonassessablenon assessable. The Additional Series A Shares and the Conversion Shares have been duly and validly reserved for issuance and, upon issuance in accordance with the terms of the Certificate, will be duly and validly issued, fully paid and nonassessablenon assessable.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Restoration Hardware Inc)
Valid Issuance of Stock. (a) The Purchased Shares, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration provided for hereinAgreement, will be duly and validly issued, fully paid and nonassessablenon assessable. The Conversion Shares have been duly and validly reserved for issuance and, upon issuance in accordance with the terms of the CertificateArticles, will be duly and validly issued, fully paid and nonassessablenon assessable.
Appears in 1 contract
Samples: Series Aaa Preferred Stock Purchase Agreement (Cne Group Inc)
Valid Issuance of Stock. (a) The Purchased Series B Shares, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration provided for herein, will be duly and validly issued, fully paid and nonassessable. The Conversion Shares have been duly and validly reserved for issuance and, upon issuance in accordance with the terms of the CertificateRestated Articles, will be duly and validly issued, fully paid and nonassessable.
Appears in 1 contract
Samples: Series B Preferred Stock Exchange Agreement (Asymetrix Learning Systems Inc)
Valid Issuance of Stock. (a) The Purchased SharesShares and the Warrants, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration provided for herein, will be duly and validly issued, fully paid and nonassessable. The Conversion Shares and the Warrant Shares have been duly and validly reserved for issuance and, upon issuance in accordance with the terms of the CertificateSeries A Certificate or the Warrants, as applicable, will be duly and validly issued, fully paid and nonassessable.
Appears in 1 contract
Samples: Series a Convertible Preferred Stock Purchase Agreement (Net Value Holdings Inc)
Valid Issuance of Stock. (a) The Purchased Shares, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration provided for herein, will be duly and validly issued, fully paid and nonassessable. The Conversion Shares have been duly and validly reserved for issuance and, upon issuance in accordance with the terms of the Restated Certificate, will be duly and validly issued, fully paid and nonassessable.
Appears in 1 contract
Samples: Series C Preferred Stock Purchase Agreement (Chaparral Network Storage Inc)
Valid Issuance of Stock. (a) The Purchased Shares, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration provided for herein, will be duly and validly issued, fully paid and nonassessablenon assessable. The Conversion Shares have been duly and validly reserved for issuance and, upon issuance in accordance with the terms of the Certificate, Restated Articles will be duly and validly issued, fully paid and nonassessable.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Virtual Mortgage Network Inc)
Valid Issuance of Stock. (a) The Purchased Shares, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration provided for herein, will be duly and validly issued, fully paid and nonassessable. The Conversion Shares have been duly and validly reserved for issuance and, upon issuance in accordance with the terms of the Certificate, will be duly and validly issued, fully paid and nonassessable.
Appears in 1 contract
Samples: Preferred Stock Purchase Agreement (Net Value Holdings Inc)
Valid Issuance of Stock. (a) The Purchased Shares, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration provided for herein, will be duly and validly issued, fully paid and nonassessable. The Conversion Shares have been duly and validly reserved for issuance and, upon issuance in accordance with the terms of the CertificateStatement of Rights, will be duly and validly issued, fully paid and nonassessable.
Appears in 1 contract
Samples: Series a Preferred Stock Purchase Agreement (Asymetrix Learning Systems Inc)
