Delivery of Exchange Shares. All Exchange Shares shall be duly authorized, validly issued, fully paid, non-assessable and free of any pre-emptive rights. All Exchange Shares shall be issued by the Company in electronic form, freely tradable, without restriction on resale, and credited immediately by the Company to the Deposit/Withdrawal at Custodian (DWAC) account with Depository Trust Company (DTC) under its Fast Automated Securities Transfer (FAST) Program specified by the Holder or its designee, time being of the essence.
Appears in 3 contracts
Samples: Exchange Agreement (Clean Wind Energy Tower, Inc.), Exchange Agreement (Clean Wind Energy Tower, Inc.), Exchange Agreement (Clean Wind Energy Tower, Inc.)
Delivery of Exchange Shares. All Exchange Shares shall be duly authorized, validly issued, fully paid, non-assessable and free of any pre-emptive rights. All Exchange Shares shall be issued by the Company in electronic form, freely tradable, without restriction on resale, and credited immediately by the Company to the any specified Deposit/Withdrawal at Custodian (DWAC) account with Depository Trust Company (DTC) under its Fast Automated Securities Transfer (FAST) Program specified by the Holder or its designee, time being of the essence.
Appears in 2 contracts
Samples: Exchange Agreement (Yasheng Eco-Trade Corp), Exchange Agreement (Yasheng Eco-Trade Corp)
