Common use of Valid Issuance; Taxes Clause in Contracts

Valid Issuance; Taxes. All Shares issued upon the exercise of this Warrant shall be validly issued, fully paid and nonassessable. The Company shall not be required to pay any tax or other charge imposed in connection with any transfer involved in the issuance of any certificate for the Shares in any name other than that of the Holder of this Warrant, and in such case the Company shall not be required to issue or deliver any stock certificate or security until such tax or other charge has been paid, or it has been established to the Company's reasonable satisfaction that no tax or other charge is due.