Warranty as to Stock. The Company hereby represents and warrants that the Stock, when issued against payment in full therefor, will be validly issued, fully paid and nonassessable. Such representation and warranty shall survive the deposit of the Stock and the issuance of the Receipts.
Appears in 2 contracts
Samples: Deposit Agreement (Del Webb Corp), Deposit Agreement (Del Webb Corp)
Warranty as to Stock. The Company Corporation hereby represents and warrants that the Stock, when issued against payment in full thereforissued, will be validly issued, fully paid and nonassessable. Such representation and warranty shall survive the deposit of the Stock and the issuance of the Receipts.
Appears in 2 contracts
Samples: Deposit Agreement (Forest City Enterprises Inc), Deposit Agreement (United States Steel Corp)