Common use of Fully Paid Stock; Taxes Clause in Contracts

Fully Paid Stock; Taxes. The Company agrees that the shares of the Common Stock represented by each and every certificate for GCA Warrants Shares delivered on the exercise of this Warrant shall, at the time of such delivery, be validly issued and outstanding, fully paid and nonassessable, and not subject to pre-emptive rights, and the Company will take all such actions as may be necessary to assure that the par value or stated value, if any, per share of the Common Stock is at all times equal to or less than the then Per Share Warrant Price. The Company further covenants and agrees that it will pay, when due and payable, any and all Federal and state stamp, original issue or similar taxes which may be payable in respect of the issue of any Warrant Share or certificate therefor.

Appears in 3 contracts

Samples: Worldwide Data Inc, Worldwide Data Inc, Cathayonline Inc

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Fully Paid Stock; Taxes. The Company agrees that the shares of the Common Stock represented by each and every certificate for GCA NPCT Warrants Shares delivered on the exercise of this Warrant shall, at the time of such delivery, be validly issued and outstanding, fully paid and nonassessable, and not subject to pre-emptive rights, and the Company will take all such actions as may be necessary to assure that the par value or stated value, if any, per share of the Common Stock is at all times equal to or less than the then Per Share Warrant Price. The Company further covenants and agrees that it will pay, when due and payable, any and all Federal and state stamp, original issue or similar taxes which may be payable in respect of the issue of any Warrant Share or certificate therefor.

Appears in 2 contracts

Samples: Nanopierce Technologies Inc, Nanopierce Technologies Inc

Fully Paid Stock; Taxes. The Company agrees that the shares of the Common Stock represented by each and every certificate for GCA Warrants Warrant Shares delivered on the exercise of this Warrant shall, at the time of such delivery, be validly issued and outstanding, fully paid and nonassessable, and not subject to pre-emptive rightspreemptive rights or rights of first refusal, and the Company will take all such actions as may be necessary to assure that the par value or stated value, if any, per share of the Common Stock is at all times equal to or less than the then Per Share Warrant Price. The Company further covenants and agrees that it will pay, when due and payable, any and all Federal and state stamp, original issue or similar taxes which may be payable in respect of the issue of any Warrant Share or certificate therefor.

Appears in 2 contracts

Samples: Herley Industries Inc /New, Votan Corp

Fully Paid Stock; Taxes. The Company agrees that the shares of the Common Stock represented by each and every certificate for GCA IMX Warrants Shares delivered on the exercise of this Warrant shall, at the time of such delivery, be validly issued and outstanding, fully paid and nonassessable, and not subject to pre-emptive rights, and the Company will take all such actions as may be necessary to assure that the par value or stated value, if any, per share of the Common Stock is at all times equal to or less than the then Per Share Warrant Price. The Company further covenants and agrees that it will pay, when due and payable, any and all Federal and state stamp, original issue or similar taxes which may be payable in respect of the issue of any Warrant Share or certificate therefor.

Appears in 2 contracts

Samples: Implant Sciences Corp, Implant Sciences Corp

Fully Paid Stock; Taxes. The Company agrees that the shares of the Common Stock represented by each and every certificate for GCA Warrants Warrant Shares delivered on the exercise of this Warrant shall, at the time of such delivery, be validly issued and outstanding, fully paid and nonassessablenon-assessable, and not subject to pre-emptive preemptive rights, and the Company will take all such actions as may be necessary to assure that the par value or stated value, if any, per share of the Common Stock is at all times equal to or less than the then Per Share Warrant Price. The Company further covenants and agrees that it will pay, when due and payable, any and all Federal and state stamp, original issue or similar taxes which that may be payable in respect of the issue of any Warrant Share or certificate therefor.

Appears in 2 contracts

Samples: Locateplus Holdings Corp, Augment Systems Inc

Fully Paid Stock; Taxes. The Company agrees that the shares of the ----------------------- Common Stock represented by each and every certificate for GCA Warrants Warrant Shares delivered on the exercise of this Warrant shall, at the time of such delivery, be validly issued and outstanding, fully paid and nonassessablenon-assessable, and not subject to pre-emptive rights, and the Company will take all such actions as may be necessary to assure that the par value or stated value, if any, per share of the Common Stock is at all times equal to or less than the then Per Share Warrant Price. The Company further covenants and agrees that it will pay, when due and payable, any and all Federal federal and state stamp, original issue or similar taxes which that may be payable in respect of the issue of any Warrant Share or certificate therefor.

Appears in 1 contract

Samples: Video Update Inc

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Fully Paid Stock; Taxes. The Company agrees that the shares of the ----------------------- Common Stock represented by each and every certificate for GCA Warrants Warrant Shares delivered on the exercise of this Warrant shall, at the time of such delivery, be validly issued and outstanding, fully paid and nonassessablenon-assessable, and not subject to pre-emptive preemptive rights, and the Company will take all such actions as may be necessary to assure that the par value or stated value, if any, per share of the Common Stock is at all times equal to or less than the then Per Share Warrant Price. The Company further covenants and agrees that it will pay, when due and payable, any and all Federal and state stamp, original issue or similar taxes which that may be payable payable, in respect of the issue of any Warrant Share or certificate therefor.

Appears in 1 contract

Samples: Subordination Agreement (Unifi Communications Inc)

Fully Paid Stock; Taxes. The Company agrees that the shares of the Common Stock represented by each and every certificate for GCA VACM Warrants Shares delivered on the exercise of this Warrant shall, at the time of such delivery, be validly issued and outstanding, fully paid and nonassessable, and not subject to pre-emptive rights, and the Company will take all such actions as may be necessary to assure that the par value or stated value, if any, per share of the Common Stock is at all times equal to or less than the then Per Share Warrant Price. The Company further covenants and agrees that it will pay, when due and payable, any and all Federal and state stamp, original issue or similar taxes which may be payable in respect of the issue of any Warrant Share or certificate therefor.

Appears in 1 contract

Samples: Valcom Inc /Ca/

Fully Paid Stock; Taxes. The Company agrees that the shares of the ----------------------- Common Stock represented by each and every certificate for GCA Warrants Warrant Shares delivered on the exercise of this Warrant shall, at the time of such delivery, be validly issued and outstanding, fully paid and nonassessablenon-assessable, and not subject to pre-emptive preemptive rights, and the Company will take all such actions as may be necessary to assure that the par value or stated value, if any, per share hare of the Common Stock is at all times equal to or less than the then Per Share Warrant Price. The Company further covenants and agrees that it will pay, when due and payable, any and all Federal federal and state stamp, original issue or similar taxes which that may be payable in respect of the issue xxx of any Warrant Share or certificate therefor.

Appears in 1 contract

Samples: Unifi Communications Inc

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