Conversion Securities. The equity securities issuable upon conversion of the Notes and the exercise of the Warrant, when issued in compliance with the provisions of the Notes (assuming the holder of the Notes converts this Notes into equity securities) or the Warrant, as applicable, will be duly authorized and validly issued, fully paid and nonassessable, and will be free of any liens or encumbrances created by Company.
Appears in 2 contracts
Sources: Convertible Note and Warrant Purchase Agreement (Unity Wireless Corp), Convertible Note and Warrant Purchase Agreement (Unity Wireless Corp)
Conversion Securities. The equity securities issuable upon conversion of the Notes Note and the exercise of the Warrant, when issued in compliance with the provisions of the Notes Note (assuming the holder of the Notes Note converts this Notes it into equity securities) or the Warrant, as applicable, will be duly authorized and validly issued, fully paid and nonassessable, and will be free of any liens or encumbrances created by the Company.
Appears in 1 contract
Sources: Senior Subordinated Secured Convertible Note and Warrant Purchase Agreement (Gse Systems Inc)