Common use of Validity of Issuance Clause in Contracts

Validity of Issuance. The Shares to be purchased and sold pursuant to this Agreement, will, when issued, sold, and delivered, be duly and validly issued, fully paid and nonassessable, and will be free and clear of any liens or encumbrances caused or created by the Company and, assuming the accuracy and completeness of the Subscribers' representations hereunder, will have been issued in compliance with all applicable state and federal securities laws.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Myriad Entertainment & Resorts, Inc.), Securities Purchase Agreement (Myriad Entertainment & Resorts, Inc.)

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Validity of Issuance. The Shares Stock to be purchased and sold pursuant to this Agreement, will, when issued, sold, and delivered, be duly and validly issued, fully paid and nonassessable, and will be free and clear of any liens or encumbrances caused or created by the Company Corporation and, assuming the accuracy and completeness of the Subscribers' Buyer's and the Corporation's representations hereunder, will have been issued in compliance with all the applicable state and federal securities laws.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Vertical Computer Systems Inc), Stock Purchase Agreement (Vertical Computer Systems Inc)

Validity of Issuance. The Shares Stock to be purchased and sold pursuant to this Agreement, will, when issued, sold, and delivered, will be duly and validly issued, fully paid and nonassessableno assessable, and will be free and clear of any liens or encumbrances caused or created by the Company Selling Shareholders and, assuming the accuracy and completeness of the SubscribersBuyer's and the Corporation's and Selling Shareholders' representations hereunder, will have been issued in compliance with all the applicable state and federal securities laws.

Appears in 1 contract

Samples: Purchase Agreement (Invicta Group Inc)

Validity of Issuance. The Shares to be purchased and sold pursuant to this Agreement, will, when issued, sold, and delivered, be duly and validly issued, fully paid and nonassessable, and will be free and clear of any liens or encumbrances caused or created by the Company and, assuming the accuracy and completeness of the Subscribers' representations hereunder, will have been issued in compliance with all applicable state and federal securities lawsCorporation.

Appears in 1 contract

Samples: Stock Purchase Agreement (Network Systems International Inc)

Validity of Issuance. The Shares Stock to be purchased and sold pursuant to --- ---------------------- this Agreement, will, when issued, sold, and delivered, will be duly and validly issued, fully paid and nonassessableno assessable, and will be free and clear of any liens or encumbrances caused or created by the Company Selling Shareholders and, assuming the accuracy and completeness of the SubscribersBuyer's and the Corporations' and Selling Shareholders' representations hereunder, will have been issued in compliance with all the applicable state and federal securities laws.

Appears in 1 contract

Samples: Purchase Agreementpurchase Agreement (Invicta Group Inc)

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Validity of Issuance. The Shares Stock to be purchased and sold pursuant to this Agreement, will, when issued, sold, and delivered, will be duly and validly issued, fully paid and nonassessableno assessable, and will be free and clear of any liens or encumbrances caused or created by the Company Selling Shareholder and, assuming the accuracy and completeness of the Subscribers' Buyer’s and the Corporation and Selling Shareholder representations hereunder, will have been issued in compliance with all the applicable state and federal securities laws.

Appears in 1 contract

Samples: Purchase Agreement (Invicta Group Inc)

Validity of Issuance. The Shares Stock to be purchased and sold pursuant to this Agreement, will, when issued, sold, and delivered, be duly and validly issued, fully paid and nonassessableno assessable, and will be free and clear of any liens or encumbrances caused or created by the Company Corporation and, assuming the accuracy and completeness of the Subscribers' Buyer's and the Corporation's representations hereunder, will have been issued in compliance with all the applicable state and federal securities laws.

Appears in 1 contract

Samples: Purchase Agreement (Invicta Group Inc)

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