Valid Issue Sample Clauses
The 'Valid Issue' clause defines the conditions under which shares or securities issued by a company are considered legally and properly issued. It typically specifies that the shares must comply with applicable laws, corporate governance documents, and any necessary approvals or filings. For example, it may require that the board of directors authorizes the issuance and that all regulatory requirements are met. The core function of this clause is to ensure that any new shares or securities are validly created, thereby protecting both the company and investors from disputes over the legitimacy of issued securities.
Valid Issue. When the Interests are issued to the Members as contemplated by this Agreement and the Capital Contributions required to be made by the Members are made, the Interests issued to the Members will be duly and validly issued and no liability for any additional capital contributions or for any obligations of the Company will attach thereto.
Valid Issue. When Limited Partners make a Capital Contribution in return for Interests as contemplated by this Agreement, they will hold such Interests, which will represent valid obligations of the Partnership and in respect of which they will not be liable to make any additional capital contributions (except as they otherwise agree) and no obligations of the Partnership will attach thereto.
Valid Issue. The Interests issued to the Members have been duly and validly issued, and no liability for any additional Capital Contributions or for any obligations of the Company will attach thereto.
Valid Issue. The Company will ensure that all Conversion Shares issued pursuant to this Section VII, if any, will be duly and validly issued, fully-paid and non-assessable, and free and clear of all encumbrances, liens, mortgages and any other rights of third parties whatsoever.
Valid Issue. Upon issuance, the Consideration Shares of restricted Company common stock issued in exchange for all the shares of Nanotailor’s capital stock shall be duly and validly authorized and issued, fully paid and non-assessable.
Valid Issue. When the Interests are issued to the Partners as contemplated by this Agreement and the Capital Contributions requested to be made by the Partners are made, if any, the Interests issued to the Partners will be duly and validly issued and no liability for any additional capital contributions or for any obligations of the Partnership will attach thereto.
Valid Issue. All shares of Common Stock, which may be issued upon exercise of the Warrants are duly authorized and, upon issuance in accordance with the provisions of this Agreement, shall be validly issued, fully paid and nonassessable and free from all taxes, liens, charges and security interests.
Valid Issue. All Buyer Shares are duly authorized and validly issued, fully paid and nonassessable and free from any tax, lien, charge or security interest (other than liens and security interests created by Buyer).
Valid Issue. Upon issuance, the 40,275,277 shares of common stock and 496,096 shares of Series A preferred stock of VTG issued in exchange for the Dynasig capital stock shall be duly and validly authorized and issued, fully paid and non-assessable.
Valid Issue. The issuance of all of the Warrant Shares has been duly authorized by all necessary corporate action on the part of the Company (including, without limitation, all necessary action by the Company's Board of Directors and stockholders) and, upon issuance and delivery in accordance with the provisions of this Agreement and the Warrants and payment therefor as provided herein and therein, shall be validly issued, fully paid and nonassessable and free from all taxes, liens, charges and security interests (other than liens and security interests created by the Purchaser thereof).