Duly Issued. The shares of the Common Stock issuable upon conversion of the Debentures, upon such conversion, will be validly issued, fully paid and nonassessable.
Appears in 3 contracts
Sources: Convertible Subordinated Debenture Purchase Agreement (Rockford Corp), Convertible Subordinated Debenture Purchase Agreement (Bartol Timothy C), Convertible Subordinated Debenture Purchase Agreement (Rockford Corp)