Common use of The Conversion Shares Clause in Contracts

The Conversion Shares. The Conversion Shares have been duly authorized and, when issued and delivered upon conversion of the Note, will be duly and validly issued, fully paid and non-assessable, free and clear of any liens or encumbrances created by the Company.

Appears in 5 contracts

Samples: System and Lead Development and Transfer Agreement (Mri Interventions, Inc.), System and Lead Development and Transfer Agreement (Surgivision Inc), System and Lead Development and Transfer Agreement (Surgivision Inc)

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The Conversion Shares. The Conversion Shares have been duly authorized andauthorized, and the Conversion Shares, when issued in accordance with this Agreement and delivered upon conversion of the NoteConversion Agreements, will be duly and validly issued, fully paid paid, and non-assessable, free and clear of any liens or encumbrances created by the Companynonassessable.

Appears in 1 contract

Samples: Iams Company Stock Purchase Agreement (Veterinary Pet Services Inc)

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