Common use of Validly Issued Shares Clause in Contracts

Validly Issued Shares. The Company covenants that all shares of Common Stock that may be issued upon exercise of this Warrant, assuming full payment of the Aggregate Exercise Price (including those issued pursuant to Section 5 hereof) shall, upon delivery by the Company, be duly authorized and validly issued, fully paid and nonassessable, free from all stamp taxes, liens and charges with respect to the issue or delivery thereof and otherwise free of all other security interests, encumbrances and claims of any nature whatsoever (other than security interests, encumbrances and claims to which the Holder is subject prior to or upon the issuance of the applicable Warrant Shares, restrictions under applicable federal and/or state securities laws and other transfer restrictions described herein).

Appears in 3 contracts

Samples: Credit Agreement (Verenium Corp), Common Stock Purchase Warrant (Verenium Corp), Common Stock Purchase Warrant (Verenium Corp)

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Validly Issued Shares. The Company covenants that all shares of Common Stock that may be issued upon exercise of this Warrant, assuming full payment of the Aggregate Exercise Price (including those issued pursuant to Section 5 6 hereof) shall, upon delivery by the Company, be duly authorized and validly issued, fully paid and nonassessable, free from all stamp taxes, liens and charges with respect to the issue or delivery thereof and otherwise free of all other security interests, encumbrances and claims of any nature whatsoever (other than security interests, encumbrances and claims to which the Holder is subject prior to or upon the issuance of this Warrant (or the applicable Warrant Shares, restrictions under applicable federal and/or state securities laws issuance of any shares of Common Stock pursuant to Section 6 hereof) and other transfer restrictions described herein).

Appears in 2 contracts

Samples: Stock Purchase Warrant (Origen Financial Inc), Stock Purchase Warrant (Origen Financial Inc)

Validly Issued Shares. The Company covenants that all shares of Common Stock that may be issued upon exercise of this Warrant, assuming full payment of the Aggregate Exercise Price (including those issued pursuant to Section 5 6 hereof) shall, upon delivery by the Company, be duly authorized and validly issued, fully paid and nonassessable, free from all stamp taxes, liens and charges with respect to the issue or delivery thereof and otherwise free of all other security interests, encumbrances and claims of any nature whatsoever (other than security interests, encumbrances and claims to which the Holder is subject prior to or upon the issuance of the applicable Warrant Sharesthis Warrant, restrictions under applicable federal and/or state securities laws and other transfer restrictions described herein).

Appears in 2 contracts

Samples: Common Stock Purchase Warrant (Lpath, Inc), Credit Agreement (Lpath, Inc)

Validly Issued Shares. The Company covenants that all shares of Common Stock that may be issued upon exercise of this Warrant, assuming full payment of the Aggregate Exercise Price (including those issued pursuant to Section 5 6 hereof) shall, upon delivery by the Company, be duly authorized and validly issued, fully paid and nonassessable, free from all stamp taxes, liens and charges with respect to the issue or delivery thereof and otherwise free of all other security interests, encumbrances and claims of any nature whatsoever (other than security interests, encumbrances and claims to which the Holder is subject prior to or upon the issuance of the applicable Warrant Shares, and restrictions under applicable federal and/or state securities laws and other transfer restrictions described hereinlaws).

Appears in 1 contract

Samples: Stock Purchase Warrant (Thomas Equipment, Inc.)

Validly Issued Shares. The Company covenants that all shares of Common Stock Shares that may be issued upon exercise of this Warrant, assuming full payment of the Aggregate Exercise Price (including those issued pursuant to Section 5 hereof) shall, upon delivery by the Company, be duly authorized and validly issued, fully paid and nonassessable, free from all stamp taxes, liens and charges with respect to the issue or delivery thereof and otherwise free of all other security interests, encumbrances and claims of any nature whatsoever (other than security interests, encumbrances and claims to which the Holder is subject prior to or upon the issuance of the applicable Warrant Shares, restrictions under applicable federal federal, state and/or state provincial securities laws and other transfer restrictions described herein).

Appears in 1 contract

Samples: Securities Purchase Agreement (Cipher Pharmaceuticals Inc)

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Validly Issued Shares. The Company covenants that all shares of Common Series E Preferred Stock that may be issued upon exercise of this Warrant, assuming full payment of the Aggregate Exercise Price (including those issued pursuant to Section 5 6 hereof) shall, upon delivery by the Company, be duly authorized and validly issued, fully paid and nonassessable, free from all stamp taxes, liens and charges with respect to the issue or delivery thereof and otherwise free of all other security interests, encumbrances and claims of any nature whatsoever (other than security interests, encumbrances and claims to which the Holder is subject prior to or upon the issuance of the applicable Warrant Sharesthis Warrant, restrictions under applicable federal and/or state securities laws and other transfer restrictions described herein).

Appears in 1 contract

Samples: Credit Agreement (Syncardia Systems Inc)

Validly Issued Shares. The Company covenants that all shares of Common Stock that may be issued upon exercise of this Warrant, assuming full payment of the Aggregate Exercise aggregate Purchase Price (including those issued pursuant to Section 5 hereof2) shall, upon delivery by the Company, be duly authorized and validly issued, fully paid and nonassessable, free from all stamp taxes, liens and charges with respect to the issue or delivery thereof and otherwise free of all other security interests, encumbrances and claims of any nature whatsoever (other than security interests, encumbrances and claims to which the Registered Holder is subject prior to or upon the issuance of the applicable Warrant SharesWarrant, restrictions under applicable federal and/or state securities laws and other transfer restrictions described herein).

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Bottomline Technologies Inc /De/)

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