Common use of Underlying Shares Clause in Contracts

Underlying Shares. The issuance of the Underlying Shares upon exercise of the Purchased Warrants has been duly authorized, and the Underlying Shares have been, and at all times prior to such exercise will have been, duly reserved for issuance upon such exercise and, when so issued, will be validly issued, fully paid and non-assessable.

Appears in 7 contracts

Samples: Subscription Agreement (Lightpath Technologies Inc), Subscription Agreement (Lightpath Technologies Inc), Unit Subscription Agreement (Axs One Inc)

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Underlying Shares. The When and if the Purchased Warrants are issued in accordance with this Agreement, the issuance of the Underlying Shares upon exercise of the Purchased Warrants has will have been duly authorized, and the Underlying Shares will have been, and at all times prior to such exercise will have been, duly reserved for issuance upon such exercise and, when so issued, will be validly issued, fully paid and non-assessable.

Appears in 1 contract

Samples: Subscription Agreement (8x8 Inc /De/)

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Underlying Shares. The issuance of the Underlying Shares upon conversion of the Purchased Debentures or exercise of the Purchased Warrants has been duly authorized, and the Underlying Shares have been, and at all times prior to such exercise will have been, duly reserved for issuance upon such exercise and, when so issued, will be validly issued, fully paid and non-assessable.

Appears in 1 contract

Samples: Unit Subscription Agreement (Tegal Corp /De/)

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