Common use of Validly Issued Clause in Contracts

Validly Issued. Upon issuance of the Common Stock identified in Section 1 of this Agreement, such Common Stock shall be validly issued and outstanding, fully paid, nonassessable and free and clear of all liens and encumbrances arising through the actions of the Corporation or its directors, officers, employees or agents.

Appears in 1 contract

Sources: Debt Conversion Agreement (Alternative Investment Corp)

Validly Issued. Upon issuance of the Common Stock identified in Section 1 of this Agreement, such Common Stock shall be validly issued and outstanding, fully paid, nonassessable non-assessable and free and clear of all liens and encumbrances arising through the actions of the Corporation or its directors, officers, employees or agents.

Appears in 1 contract

Sources: Debt Conversion Agreement (Alternative Investment Corp)

Validly Issued. Upon issuance of the Common Stock identified in Section 1 l of this Agreement, such Common Stock shall be validly issued and outstanding, fully paid, nonassessable non-assessable and free and clear of all liens and encumbrances arising through the actions of the Corporation or its directors, officers, officers employees or agents.

Appears in 1 contract

Sources: Debt Conversion Agreement (Alternative Investment Corp)

Validly Issued. Upon issuance of the Common Stock identified in Section 1 l of this Agreement, such Common Stock shall be validly issued and outstanding, fully paid, nonassessable and free and clear of all liens and encumbrances arising through the actions of the Corporation or its directors, officers, office,rs employees or agents.

Appears in 1 contract

Sources: Debt Conversion Agreement (Alternative Investment Corp)