Common use of Valid Issuance of Subscribed Shares Clause in Contracts

Valid Issuance of Subscribed Shares. (a) The Subscribed Shares, when issued and subscribed in accordance with the terms of this Agreement, will be duly and validly issued, fully paid and non-assessable. (b) The outstanding capital shares of the Company are duly and validly issued, fully paid and non-assessable, and all outstanding shares, options, warrants and other securities of the Company have been issued in full compliance with the requirements of all applicable securities laws and regulations.

Valid Issuance of Subscribed Shares. (a) The Subscribed Shares, when issued issued, sold and subscribed delivered in accordance with the terms of and for the consideration set forth in this Agreement, will be duly and validly issued, fully paid and non-assessable. (b) The outstanding capital shares nonassessable and free of restrictions on transfer other than restrictions on transfer under the Company are duly and validly issuedAgreement, fully paid and non-assessable, and all outstanding shares, options, warrants and other securities of the Company have been issued in full compliance with the requirements of all applicable securities laws and regulationsliens or encumbrances created by or imposed by XXXXXXX.