Issuance of Conversion Shares. The Conversion Shares are duly authorized and, when issued and paid for in accordance with the Agreement, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer provided for in the Agreement.
Appears in 2 contracts
Samples: Indebtedness Conversion Agreement, Indebtedness Conversion Agreement (Yulong Eco-Materials LTD)
Issuance of Conversion Shares. The issuance of the Conversion Shares are has been duly authorized and, when issued and paid for upon issuance in accordance with the Agreementterms of the Note, the Conversion Shares will be duly and validly issued, fully paid and nonassessable, non-assessable and free and clear of from all Liens imposed by the Company other than restrictions on transfer provided for in the Agreementpreemptive or similar rights.
Appears in 2 contracts
Samples: Note Purchase Agreement (Cyclo Therapeutics, Inc.), Note Purchase Agreement (Cyclo Therapeutics, Inc.)
Issuance of Conversion Shares. The Conversion Shares are have been duly authorized and validly reserved for issuance by the Company and, when issued and paid for in accordance with pursuant to the Agreementterms of the Notes, will be duly and validly issued, fully paid and nonassessablenon-assessable, free and clear of from all Liens imposed by the Company other than and free of restrictions on transfer provided for in other than as contemplated by the AgreementTransaction Documents and Applicable Law.
Appears in 1 contract
Samples: Securities Purchase Agreement (Chindex International Inc)
Issuance of Conversion Shares. The Conversion Shares are will be duly authorized and, when issued and paid for in accordance with the terms of this Agreement, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer provided for in the Agreementliens.
Appears in 1 contract
Samples: Equity for Debt Exchange and Asset Purchase Agreement (Content Checked Holdings, Inc.)