{"component": "clause", "props": {"groups": [{"size": 8, "samples": [{"hash": "1nk0Hgl58F9", "uri": "/contracts/1nk0Hgl58F9#valid-issue", "label": "Limited Liability Company Agreement", "score": 31.3408622742, "published": true}, {"hash": "j2MXhtDgBC1", "uri": "/contracts/j2MXhtDgBC1#valid-issue", "label": "Limited Liability Company Agreement (Golden Queen Mining Co LTD)", "score": 25.7063655853, "published": true}, {"hash": "hzj6rfG1HJg", "uri": "/contracts/hzj6rfG1HJg#valid-issue", "label": "Limited Liability Company Agreement (Gryphon Gold Corp)", "score": 24.0992469788, "published": true}], "snippet_links": [{"key": "the-interests", "type": "clause", "offset": [5, 18]}, {"key": "to-the-members", "type": "clause", "offset": [30, 44]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [48, 78]}, {"key": "the-capital", "type": "clause", "offset": [83, 94]}, {"key": "contributions-required", "type": "clause", "offset": [95, 117]}, {"key": "by-the-members", "type": "clause", "offset": [129, 143]}, {"key": "duly-and-validly-issued", "type": "clause", "offset": [198, 221]}, {"key": "liability-for", "type": "clause", "offset": [229, 242]}, {"key": "additional-capital-contributions", "type": "clause", "offset": [247, 279]}, {"key": "the-company-will", "type": "clause", "offset": [306, 322]}], "snippet": "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.", "hash": "528e956a0ef07978298b9c877dd6e4b5", "id": 1}, {"size": 3, "samples": [{"hash": "bG9gyQzxY9g", "uri": "/contracts/bG9gyQzxY9g#valid-issue", "label": "Agreement of Exempted Limited Partnership (Taylor Morrison Home Corp)", "score": 24.2854213715, "published": true}, {"hash": "co8PA1a48Tt", "uri": "/contracts/co8PA1a48Tt#valid-issue", "label": "Agreement of Exempted Limited Partnership (Taylor Morrison Home Corp)", "score": 24.2553043365, "published": true}, {"hash": "a5ybeKJqRga", "uri": "/contracts/a5ybeKJqRga#valid-issue", "label": "Agreement of Exempted Limited Partnership", "score": 24.1704311371, "published": true}], "snippet_links": [{"key": "limited-partners", "type": "definition", "offset": [5, 21]}, {"key": "in-return", "type": "clause", "offset": [50, 59]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [77, 107]}, {"key": "obligations-of-the-partnership", "type": "clause", "offset": [167, 197]}, {"key": "in-respect-of", "type": "definition", "offset": [202, 215]}, {"key": "additional-capital-contributions", "type": "clause", "offset": [258, 290]}, {"key": "no-obligations", "type": "clause", "offset": [328, 342]}], "snippet": "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.", "hash": "fbd7d88b05c879fbd1741b1345e9fc5d", "id": 2}, {"size": 3, "samples": [{"hash": "3xdNOJ2vOO5", "uri": "/contracts/3xdNOJ2vOO5#valid-issue", "label": "Limited Liability Company Agreement (U. S. Premium Beef, LLC)", "score": 30.1937026978, "published": true}, {"hash": "hQlk18CULAf", "uri": "/contracts/hQlk18CULAf#valid-issue", "label": "Limited Liability Company Agreement (Jefferies Financial Group Inc.)", "score": 29.4407939911, "published": true}, {"hash": "jjbx6ZXNRP", "uri": "/contracts/jjbx6ZXNRP#valid-issue", "label": "Purchase and Sale Agreement (Leucadia National Corp)", "score": 29.2710475922, "published": true}], "snippet_links": [{"key": "the-interests", "type": "clause", "offset": [0, 13]}, {"key": "to-the-members", "type": "clause", "offset": [21, 35]}, {"key": "duly-and-validly-issued", "type": "clause", "offset": [46, 69]}, {"key": "liability-for", "type": "clause", "offset": [78, 91]}, {"key": "additional-capital-contributions", "type": "clause", "offset": [96, 128]}, {"key": "the-company-will", "type": "clause", "offset": [155, 171]}], "snippet": "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.", "hash": "18b211532e383947a56e12e98c331e34", "id": 3}, {"size": 3, "samples": [{"hash": "iVlhg74mlAK", "uri": "/contracts/iVlhg74mlAK#valid-issue", "label": "Series 6 a Preferred Stock and Warrant Purchase Agreement (First Physicians Capital Group, Inc.)", "score": 21.0, "published": true}, {"hash": "9BqnueHVaXx", "uri": "/contracts/9BqnueHVaXx#valid-issue", "label": "Series 5 a Preferred Stock and Warrant Purchase Agreement (First Physicians Capital Group, Inc.)", "score": 21.0, "published": true}, {"hash": "6X0oPMbWW7T", "uri": "/contracts/6X0oPMbWW7T#valid-issue", "label": "Series 5 a Preferred Stock and Warrant Purchase Agreement (Tri-Isthmus Group, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-company-will", "type": "clause", "offset": [0, 16]}, {"key": "shares-issued", "type": "definition", "offset": [44, 57]}, {"key": "pursuant-to", "type": "definition", "offset": [58, 69]}, {"key": "section-vii", "type": "clause", "offset": [75, 86]}, {"key": "duly-and-validly-issued", "type": "clause", "offset": [104, 127]}, {"key": "free-and-clear", "type": "clause", "offset": [164, 178]}, {"key": "rights-of-third-parties", "type": "clause", "offset": [231, 254]}], "snippet": "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.", "hash": "94a93348c318d95dcad1775487df01f5", "id": 4}, {"size": 3, "samples": [{"hash": "bK64vdqmysM", "uri": "/contracts/bK64vdqmysM#valid-issue", "label": "Exchange Agreement (Nanotailor, Inc.)", "score": 19.0, "published": true}, {"hash": "aT4HjlrSdSj", "uri": "/contracts/aT4HjlrSdSj#valid-issue", "label": "Exchange Agreement (Nanotailor, Inc.)", "score": 19.0, "published": true}, {"hash": "5OOKYAwnFdS", "uri": "/contracts/5OOKYAwnFdS#valid-issue", "label": "Exchange Agreement (Nanotailor, Inc.)", "score": 19.0, "published": true}], "snippet_links": [{"key": "in-exchange", "type": "clause", "offset": [82, 93]}, {"key": "the-shares", "type": "clause", "offset": [102, 112]}, {"key": "stock-shall", "type": "definition", "offset": [137, 148]}, {"key": "authorized-and-issued", "type": "clause", "offset": [169, 190]}, {"key": "fully-paid", "type": "clause", "offset": [192, 202]}], "snippet": "Upon issuance, the Consideration Shares of restricted Company common stock issued in exchange for all the shares of Nanotailor\u2019s capital stock shall be duly and validly authorized and issued, fully paid and non-assessable.", "hash": "7a413681256af7818f127e7c0b128238", "id": 5}, {"size": 3, "samples": [{"hash": "bBxC4HrH4pO", "uri": "/contracts/bBxC4HrH4pO#valid-issue", "label": "Limited Partnership Agreement", "score": 35.2334586275, "published": true}, {"hash": "j2nqJshHv14", "uri": "/contracts/j2nqJshHv14#valid-issue", "label": "Limited Partnership Agreement", "score": 35.1044006348, "published": true}], "snippet_links": [{"key": "the-interests", "type": "clause", "offset": [5, 18]}, {"key": "issued-to", "type": "definition", "offset": [23, 32]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [49, 79]}, {"key": "the-capital", "type": "clause", "offset": [84, 95]}, {"key": "by-the-partners", "type": "clause", "offset": [131, 146]}, {"key": "duly-and-validly-issued", "type": "clause", "offset": [210, 233]}, {"key": "liability-for", "type": "clause", "offset": [241, 254]}, {"key": "additional-capital-contributions", "type": "clause", "offset": [259, 291]}, {"key": "obligations-of-the-partnership", "type": "clause", "offset": [303, 333]}], "snippet": "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.", "hash": "a2124f3963740eebab6b7c1770694573", "id": 6}, {"size": 2, "samples": [{"hash": "kmjaBzdqeaa", "uri": "/contracts/kmjaBzdqeaa#valid-issue", "label": "Warrant Agreement (Incomnet Inc)", "score": 18.0, "published": true}, {"hash": "5SJovalknYG", "uri": "/contracts/5SJovalknYG#valid-issue", "label": "Warrant Agreement (Incomnet Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "shares-of-common-stock", "type": "clause", "offset": [4, 26]}, {"key": "exercise-of-the-warrants", "type": "clause", "offset": [53, 77]}, {"key": "duly-authorized", "type": "clause", "offset": [82, 97]}, {"key": "in-accordance-with-the-provisions-of-this-agreement", "type": "definition", "offset": [117, 168]}, {"key": "validly-issued", "type": "clause", "offset": [179, 193]}, {"key": "fully-paid-and-nonassessable", "type": "clause", "offset": [195, 223]}, {"key": "all-taxes", "type": "clause", "offset": [238, 247]}, {"key": "charges-and-security-interests", "type": "clause", "offset": [256, 286]}], "snippet": "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.", "hash": "ed8e8d82d5fb04b64b5b830f8dd66d30", "id": 7}, {"size": 1, "samples": [{"hash": "1hkoluv2wtO", "uri": "/contracts/1hkoluv2wtO#valid-issue", "label": "Common Stock Purchase Agreement (Great China Industries LTD)", "score": 18.0, "published": true}], "snippet_links": [{"key": "buyer-shares", "type": "definition", "offset": [4, 16]}, {"key": "duly-authorized-and-validly-issued", "type": "clause", "offset": [21, 55]}, {"key": "fully-paid-and-nonassessable", "type": "clause", "offset": [57, 85]}, {"key": "liens-and-security-interests", "type": "clause", "offset": [155, 183]}, {"key": "by-buyer", "type": "clause", "offset": [192, 200]}], "snippet": "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).", "hash": "6085ce60151e44daabb5760d64c10038", "id": 8}, {"size": 1, "samples": [{"hash": "bYvVzFRgpni", "uri": "/contracts/bYvVzFRgpni#valid-issue", "label": "Exchange Agreement (Dynamic Biometric Systems, Inc.)", "score": 18.0, "published": true}], "snippet_links": [{"key": "shares-of-common-stock", "type": "clause", "offset": [30, 52]}, {"key": "shares-of-series-a-preferred-stock", "type": "clause", "offset": [65, 99]}, {"key": "in-exchange", "type": "clause", "offset": [114, 125]}, {"key": "stock-shall", "type": "definition", "offset": [150, 161]}, {"key": "authorized-and-issued", "type": "clause", "offset": [182, 203]}, {"key": "fully-paid", "type": "clause", "offset": [205, 215]}], "snippet": "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.", "hash": "5e74786943d8efcf92462aad18425a70", "id": 9}, {"size": 1, "samples": [{"hash": "VegR6nm5mL", "uri": "/contracts/VegR6nm5mL#valid-issue", "label": "Investment Purchase Agreement (Bull Run Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-issuance", "type": "clause", "offset": [0, 12]}, {"key": "the-warrant-shares", "type": "clause", "offset": [23, 41]}, {"key": "authorized-by", "type": "definition", "offset": [56, 69]}, {"key": "necessary-corporate-action", "type": "clause", "offset": [74, 100]}, {"key": "of-the-company", "type": "clause", "offset": [113, 127]}, {"key": "without-limitation", "type": "clause", "offset": [140, 158]}, {"key": "action-by-the-company", "type": "clause", "offset": [174, 195]}, {"key": "board-of-directors-and-stockholders", "type": "clause", "offset": [198, 233]}, {"key": "issuance-and-delivery", "type": "clause", "offset": [245, 266]}, {"key": "in-accordance-with-the-provisions-of-this-agreement", "type": "definition", "offset": [267, 318]}, {"key": "the-warrants", "type": "clause", "offset": [323, 335]}, {"key": "validly-issued", "type": "clause", "offset": [398, 412]}, {"key": "fully-paid-and-nonassessable", "type": "clause", "offset": [414, 442]}, {"key": "all-taxes", "type": "clause", "offset": [457, 466]}, {"key": "charges-and-security-interests", "type": "clause", "offset": [475, 505]}, {"key": "liens-and-security-interests", "type": "clause", "offset": [518, 546]}, {"key": "by-the-purchaser", "type": "clause", "offset": [555, 571]}], "snippet": "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).", "hash": "df288ccb9db9df51d79e1f8d7cde9df0", "id": 10}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhR2YWxpZC1pc3N1ZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 39, "title": "Valid Issue", "children": [["successors-delaware-law-etc", "Successors; Delaware Law; Etc"], ["amendments", "Amendments"], ["notices-etc", "Notices, Etc"], ["binding-effect", "Binding Effect"], ["corresponding-amendment-of-certificate-of-formation", "Corresponding Amendment of Certificate of Formation"]], "parents": [["company-representations", "COMPANY REPRESENTATIONS"], ["representations-and-warranties", "REPRESENTATIONS AND WARRANTIES"], ["miscellaneous", "Miscellaneous"], ["whereas", "WHEREAS"], ["exchange", "Exchange"]], "id": "valid-issue", "related": [["valid-issuance", "Valid Issuance", "Valid Issuance"], ["valid-issuances", "VALID ISSUANCES", "VALID ISSUANCES"], ["open-issues", "Open Issues", "Open Issues"], ["valid-issuance-of-common-stock", "Valid Issuance of Common Stock", "Valid Issuance of Common Stock"], ["valid-issuance-of-shares", "Valid Issuance of Shares", "Valid Issuance of Shares"]], "related_snippets": [], "updated": "2025-07-24T06:49:08+00:00", "also_ask": [], "drafting_tip": null, "explanation": "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."}, "json": true, "cursor": ""}}