Shares Issuable Upon Conversion. The shares of Common Stock of Borrower when issued to the Lenders upon conversion of the Debentures will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.
Appears in 5 contracts
Samples: Convertible Loan Agreement (Simtek Corp), Loan Agreement (Lifequest Medical Inc), Convertible Loan Agreement (Laserscope)
Shares Issuable Upon Conversion. The shares of Common Stock of Borrower when issued to the Lenders Lender upon conversion of and in accordance with the Debentures Debenture, will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.
Appears in 2 contracts
Samples: Convertible Loan Agreement (Caminosoft Corp), Convertible Loan Agreement (Caminosoft Corp)
Shares Issuable Upon Conversion. The shares of Common Stock of Borrower when issued to the Lenders Lender upon conversion of the Debentures Debentures, will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such Except as set forth on Schedule 4.18, such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.
Appears in 2 contracts
Samples: Agreement (Cover All Technologies Inc), Convertible Loan Agreement (Cover All Technologies Inc)
Shares Issuable Upon Conversion. The shares of Common Stock of Borrower when issued to the Lenders Lender upon conversion of and in accordance with the Debentures Debentures, will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.
Appears in 2 contracts
Samples: Convertible Loan Agreement (Simtek Corp), Convertible Loan Agreement (Gasco Energy Inc)
Shares Issuable Upon Conversion. The shares of Common Stock of the Borrower when issued to the Lenders upon conversion of the Debentures will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.
Appears in 1 contract
Samples: Convertible Loan Agreement (Play by Play Toys & Novelties Inc)
Shares Issuable Upon Conversion. The shares of Common Stock of Borrower when issued to the Lenders Lender upon conversion of the Debentures Debentures, will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.
Appears in 1 contract
Samples: Agreement (Digital Recorders Inc)
Shares Issuable Upon Conversion. The shares of Common Stock of Borrower when issued to the Lenders Lender upon conversion of the Debentures Debentures, will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.. Section 4.19
Appears in 1 contract
Shares Issuable Upon Conversion. The Subject to consummation of the Reorganization, the shares of Common Stock of Borrower when issued to the Lenders Lender upon conversion of the Debentures Debenture, will be duly and validly issued, fully paid and nonassessable and in compliance with all applicable securities laws. Such issuance will not give rise to preemptive rights, rights of first refusal or similar rights by any other security holder of Borrower.
Appears in 1 contract
Samples: Convertible Loan Agreement (Obsidian Enterprises Inc)