Common use of Valid Issue Clause in Contracts

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.

Appears in 2 contracts

Sources: Warrant Agreement (Incomnet Inc), Warrant Agreement (Incomnet Inc)