Duly and Validly Issued Sample Clauses
The "Duly and Validly Issued" clause confirms that shares or securities referenced in an agreement have been properly authorized, issued, and are legally outstanding according to applicable laws and corporate procedures. In practice, this means that the company has followed all necessary steps, such as board approvals and regulatory filings, to ensure the shares are legitimate and free from defects in issuance. This clause provides assurance to investors or counterparties that the securities they are acquiring are valid, thereby reducing the risk of future disputes over ownership or compliance.
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Duly and Validly Issued. The Certificate has been duly and validly issued in the name of Administrative Agent.
Duly and Validly Issued. Each Underlying Entity Certificate has been duly and validly issued in the name of Administrative Agent.
Duly and Validly Issued. All of the shares of the REO Subsidiary Interests have been duly and validly issued and, if capital stock of a corporation, are fully paid and nonassessable.
Duly and Validly Issued. All of the shares of the Purchased Certificates have been duly and validly issued.
Duly and Validly Issued. All of the shares of the Trust Interests have been duly and validly issued.
Duly and Validly Issued. Each of the REO Subsidiary Interests has been duly and validly issued and is fully paid and nonassessable.
Duly and Validly Issued. All of the shares of the Mezzanine Loan Subsidiary Interests have been duly and validly issued and, if capital stock of a corporation, are fully paid and nonassessable;
Duly and Validly Issued. All of the shares of the Trust Interests have been duly and validly issued and, if capital stock of a corporation, are fully paid and nonassessable.
Duly and Validly Issued. Each of the Certificates has been duly and validly issued.
Duly and Validly Issued. Each of the Participation Certificates has been duly and validly issued.