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.
Appears in 3 contracts
Sources: Series 6 a Preferred Stock and Warrant Purchase Agreement (First Physicians Capital Group, Inc.), Series 5 a Preferred Stock and Warrant Purchase Agreement (First Physicians Capital Group, Inc.), Series 5 a Preferred Stock and Warrant Purchase Agreement (Tri-Isthmus Group, Inc.)