Common use of Validity of Securities Clause in Contracts

Validity of Securities. The issuance of the Securities has been duly authorized by all necessary corporate action on the part of the Company and, when issued to, delivered to, and paid for by the Investors in accordance with this Agreement, the Purchased Shares will be validly issued, fully paid and non-assessable.

Appears in 10 contracts

Samples: Unit Subscription Agreement (Novint Technologies Inc), Unit Subscription Agreement (Rightscorp, Inc.), Subscription Agreement (Lightpath Technologies Inc)

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Validity of Securities. The issuance of the Securities has been duly authorized by all necessary corporate action on the part of the Company and, when issued to, delivered to, to and paid for by the Investors you in accordance with this AgreementAgreement and the countersigning of the certificate or certificates representing the Purchased Shares by a duly authorized signator of the registrar for the Common Stock, the Purchased Shares will be validly issued, fully paid and non-non- assessable.

Appears in 2 contracts

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

Validity of Securities. The issuance of the Securities has been duly authorized by all necessary corporate action on the part of the Company and, when issued to, delivered to, and paid for by the Investors in accordance with this Agreement, the Purchased Shares will be validly issued, fully paid and non-assessableCompany.

Appears in 2 contracts

Samples: Exchange and Subscription Agreement (General Moly, Inc), Unit Subscription Agreement (General Moly, Inc)

Validity of Securities. The issuance of the Securities has been duly authorized by all necessary corporate action on the part of the Company and, when issued to, delivered to, and paid for by the Investors Subscribers in accordance with this Subscription Agreement, the Purchased Shares Securities will be validly issued, fully paid and non-assessable.

Appears in 2 contracts

Samples: Subscription Agreement (Novint Technologies Inc), Subscription Agreement (Neonode, Inc)

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Validity of Securities. The When and if issued in accordance with this Agreement, the issuance of the Securities has will have been duly authorized by all necessary corporate action on the part of the Company and, when issued to, delivered to, to and paid for by the Investors you in accordance with this AgreementAgreement and the countersigning of the certificate or certificates representing the Purchased Shares by a duly authorized signator of the registrar for the Common Stock, the Purchased Shares will be validly issued, fully paid and non-assessable.

Appears in 1 contract

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

Validity of Securities. The issuance of the Securities has been duly authorized by all necessary corporate action on the part of the Company and, when issued to, delivered to, and paid for by the Investors Lenders in accordance with this Agreement, the Purchased Shares Securities will be validly issued, fully paid and non-assessable.

Appears in 1 contract

Samples: Note and Restricted Stock Purchase Agreement (CelLynx Group, Inc.)

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