Common use of Validity of Securities Clause in Contracts

Validity of Securities. All Securities delivered upon the exercise of the Warrant will be duly and validly issued in accordance with their terms and, upon payment of the Exercise Price, will be fully paid and non-assessable. The Company will pay all documentary and transfer taxes, if any, in respect of the original issuance thereof upon exercise of the Warrant.

Appears in 7 contracts

Samples: Debt Conversion and Termination Agreement (Cytodyn Inc), Digital Caddies, Inc., Propell Technologies Group, Inc.

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Validity of Securities. All Warrant Securities delivered upon the exercise of the Warrant will be duly and validly issued in accordance with their terms andterms, upon payment of and the Exercise Price, will be fully paid and non-assessable. The Company will pay all documentary and transfer taxes, if any, in respect of the original issuance thereof upon exercise to the then record holder of the Warrant.

Appears in 1 contract

Samples: Common Stock Purchase (Pacific Mercantile Bancorp)

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Validity of Securities. All Securities delivered upon the exercise of the ---------------------- Warrant will be duly and validly issued in accordance with their terms andterms, upon payment of and the Exercise Price, will be fully paid and non-assessable. The Company will pay all documentary and transfer taxes, if any, in respect of the original issuance thereof upon exercise of the Warrant.

Appears in 1 contract

Samples: Pacific Mercantile Bancorp

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