Shares Valid Sample Clauses
The "Shares Valid" clause serves to confirm that the shares being issued, transferred, or referenced in an agreement are legally valid and properly authorized. In practice, this means the shares comply with all relevant corporate laws, have been duly approved by the company's governing bodies, and are not subject to any undisclosed restrictions or defects. This clause ensures that recipients or holders of the shares can rely on their legitimacy, thereby reducing the risk of future disputes over ownership or validity.
Shares Valid. The Shares have been duly authorized for issuance and sale pursuant to this Agreement and when issued and delivered by the Company pursuant to this Agreement, against payment of the consideration set forth herein, will be validly issued as fully paid and non-assessable Common Shares of the Company. The Shares, upon issuance, will not be issued in violation of or subject to any pre-emptive rights or contractual rights to purchase securities issued by the Company.
Shares Valid. The Shares will be, when issued, duly authorized, validly issued, fully paid and nonassessable and not subject to preemptive rights.
Shares Valid. All Warrant Shares issued upon exercise of this Warrant shall be, at the time of delivery of the certificates for such Warrant Shares upon payment in full of the Exercise Price therefor in accordance with the terms of this Warrant, validly issued and fully paid Shares of Common Stock.