Valid Issuance of Common Stock. The Company possesses the full authority and legal right to issue this Warrant and the Shares issuable pursuant to this Warrant. The issuance of this Warrant vests in the holder the entire legal and beneficial interests in this Warrant, free and clear of any liens, claims, and encumbrances and subject to no legal or equitable restrictions of any kind except as described herein. The Shares that are issuable upon exercise of this Warrant, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration expressed herein, will be duly and validly issued, fully paid, and non-assessable, and will be free of restrictions on transfer other than restrictions under applicable state and federal securities.
Appears in 10 contracts
Sources: Stock Warrant Agreement (Atlantic Bancshares, Inc.), Stock Warrant Agreement (CommunitySouth Bancshares Inc), Stock Warrant Agreement (Atlantic Bancshares, Inc.)
Valid Issuance of Common Stock. The Company possesses the full authority and legal right to issue this Warrant and the Shares issuable pursuant to this Warrant. The issuance of this Warrant vests in the holder the entire legal and beneficial interests in this Warrant, free and clear of any liens, claims, and encumbrances and subject to no legal or equitable restrictions of any kind except as described herein. The Shares that are issuable upon exercise of this Warrant, when issued, sold and delivered in accordance with the terms of this Organizer Warrant Agreement for the consideration expressed herein, will be duly and validly issued, fully paid, and non-assessable, and will be free of restrictions on transfer other than restrictions under applicable state and federal securitiessecurities laws.
Appears in 3 contracts
Sources: Organizer Warrant Agreement (Touchstone Bancshares, Inc.), Consultant Warrant Agreement (Touchstone Bancshares, Inc.), Organizer Warrant Agreement (Touchstone Bancshares, Inc.)
Valid Issuance of Common Stock. The Company possesses the full authority and legal right to issue this Warrant and the Shares issuable pursuant to this Warrant. The issuance of this Warrant vests in the holder the entire legal and beneficial interests in this Warrant, free and clear of any liens, claims, and encumbrances and subject to no legal or equitable restrictions of any kind except as described herein. The Shares that are issuable upon exercise of this Warrant, when issued, sold and delivered in accordance with the terms of this Agreement for the consideration expressed herein, will be duly and validly issued, fully paid, and non-assessable, and will be free of restrictions on transfer other than restrictions under applicable state and federal securitiessecurities laws.
Appears in 2 contracts
Sources: Director Warrant Agreement (Touchstone Bancshares, Inc.), Director Warrant Agreement (Touchstone Bancshares, Inc.)