Common use of Validity of Shares Clause in Contracts

Validity of Shares. The shares of Parent Common Stock to be issued in accordance with Article III hereof, when issued and delivered in accordance with the terms hereof, shall be duly authorized, validly issued, fully paid and non-assessable.

Appears in 25 contracts

Samples: Agreement and Plan of Merger (China Grand Resorts, Inc.), Agreement and Plan of Merger (New York Global Innovations Inc.), Agreement and Plan of Merger (American Boarding Co)

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Validity of Shares. The shares of Parent Common Stock to be issued in accordance with Article III hereof, when issued and delivered in accordance with the terms hereof, shall be duly authorized, and validly issued, fully paid and non-assessablenonassessable.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (One World Pharma, Inc.), Agreement and Plan of Merger (Gilder Enterprises Inc), Agreement and Plan of Merger (MedaSorb Technologies CORP)

Validity of Shares. The shares of Parent Common Stock Purchaser’s common stock to be issued in accordance with Article III hereof, when issued and delivered in accordance with the terms hereof, shall be duly authorized, validly issued, fully paid and non-assessable.

Appears in 2 contracts

Samples: Share Exchange Agreement (Alba Mineral Exploration), Share Exchange Agreement (Diamond Information Institute)

Validity of Shares. The shares of Parent Common Stock to be issued to the Shareholders in accordance with Article III hereof, when issued and delivered in accordance with the terms hereof, shall be duly authorized, and validly issued, fully paid and non-assessablenonassessable.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Cody Resources, Inc.), Agreement and Plan of Merger (Cody Resources, Inc.)

Validity of Shares. The shares of Parent Common Stock and Parent Preferred Stock to be issued in accordance with Article III hereof, when issued and delivered in accordance with the terms hereof, shall be duly authorized, validly issued, fully paid and non-assessable.

Appears in 1 contract

Samples: Agreement and Plan of Merger (HealthTalk Live, Inc.)

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Validity of Shares. The shares of Parent Common Stock to be issued in accordance with Article III hereof, when issued and delivered in accordance with the terms hereof, shall be duly authorized, validly issued, fully paid and non-assessablenonassessable.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Intellect Neurosciences, Inc.)

Validity of Shares. The shares of Parent Common Preferred Stock to be issued in accordance with Article III hereof, when issued and delivered in accordance with the terms hereof, shall be duly authorized, validly issued, fully paid and non-assessable.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Precious Investments, Inc.)

Validity of Shares. The shares of Parent Common Stock to be issued in accordance with Article III hereofpursuant to this Agreement, when issued and delivered in accordance with the terms hereof, hereof and the Certificate of Merger shall be duly authorized, validly issued, fully paid and non-assessablenonassessable.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Xedar Corp)

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