Warranty as to Stock. The Company hereby represents and warrants that the Stock, when issued, will be duly authorized, validly issued, fully paid and nonassessable. Such representation and warranty shall survive the deposit of the Stock and the issuance of Receipts.
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.
Warranty as to Stock. The Company hereby represents and warrants to the Depositary that the Stock, when issued and delivered against payment therefor in accordance with the Underwriting Agreement and the Company’s Second Amended and Restated Certificate of Incorporation, as amended (including the Certificate of Designations), will be duly authorized, validly issued, fully paid and nonassessable. Such representation and warranty shall survive the deposit of shares of Stock and the issuance of the related Receipts.
Warranty as to Stock. The Company represents -------------------- and warrants that the Stock is validly issued, fully paid and nonassessable. Such representation and warranty shall survive the deposit of the Stock and the issuance of Receipts.
Warranty as to Stock. The Company hereby represents and warrants that the Stock, when issued, will be duly authorized, validly issued, fully paid and nonassessable, subject to Massachusetts General Laws, Chapter 156B, Section 45. Such representation and warranty shall survive the deposit of the Stock and the issuance of Receipts.
Warranty as to Stock. 11 SECTION 3.04
Warranty as to Stock. 9 Section 3.4............
Warranty as to Stock. All of the Borrower's outstanding stock, including all warrants, securities convertible into stock, options, and agreements to issue any stock, securities, warrants or options, shall be referred to as "Outstanding Stock." Borrower agrees that if Lender were to convert the total principal loan amount of $250,000 to stock at $1.25 per share, Lender would hold 2.54% of the outstanding stock of Borrower. Lender recognizes Borrower will be issuing additional shares of stock to fund Borrower's operations, and may also effect other capitalization changes. To protect Lender from dilution of its conversion rights, Borrower agrees that:
Warranty as to Stock. In the case of the initial deposit of the Stock, the Company and, in the case of subsequent deposits thereof, each person so depositing Stock under this Deposit Agreement shall be deemed thereby to represent and warrant that such Stock and each certificate therefor are valid and that the person making such deposit is authorized to do so. The Company hereby further represents and warrants that the Stock, when issued, will be duly authorized, validly issued, fully paid and nonassessable. Such representations and warranties shall survive the deposit of the Stock and the issuance of the Receipts.
Warranty as to Stock. The Company hereby represents and warrants that the Stock, when issued, will be duly authorized, validly issued, fully paid and nonassessable, subject to Michigan Compiled Laws Section 450.1551. Such representation and warranty shall survive the deposit of the Stock and the issuance of Receipts.
