Common use of Duly Authorized Clause in Contracts

Duly Authorized. The exchange of the Shares has been duly authorized and, upon delivery to the Acquiror of certificates therefor in accordance with the terms of this Agreement, the Shares will have been validly issued and fully paid and will be nonassessable, have the rights, preferences and privileges specified, will be free of preemptive rights and will be free and clear of all Liens and restrictions, other than Liens set forth on Schedule 5.7.3 or that might have been created by the Acquiror and restrictions on transfer imposed by this Agreement and the Securities Act.

Appears in 7 contracts

Samples: Share Exchange Agreement (General Components, Inc.), Share Exchange Agreement (Techedge Inc), Share Exchange Agreement (Lotus Liberator Fund)

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Duly Authorized. The exchange of the Shares has been duly authorized and, upon delivery to the Acquiror of certificates therefor therefore in accordance with the terms of this Agreement, the Shares will have been validly issued and fully paid and will be nonassessable, have the rights, preferences and privileges specified, will be free of preemptive rights and will be free and clear of all Liens and restrictions, other than Liens set forth on Schedule 5.7.3 or that might have been created by the Acquiror and restrictions on transfer imposed by this Agreement and the Securities Act.

Appears in 3 contracts

Samples: Share Exchange Agreement (Perk International Inc.), Share Exchange Agreement (Laufer Bridge Enterprises, Inc.), Share Exchange Agreement (HPC Pos System, Corp.)

Duly Authorized. The exchange of the Shares has been duly authorized and, upon delivery to the Acquiror of certificates therefor in accordance with the terms of this Agreement, the Shares will have been validly issued and issued, fully paid and will be nonassessable, will have the rights, preferences and privileges specified, will be free of preemptive rights and will be free and clear of all Liens and restrictions, other than Liens set forth on Schedule 5.7.3 or that might have been created by the Acquiror and restrictions on transfer imposed by this Agreement and the Securities Act.

Appears in 3 contracts

Samples: Share Exchange Agreement (Vemics, Inc.), Share Exchange Agreement (Vemics, Inc.), Share Exchange Agreement (Vemics, Inc.)

Duly Authorized. The exchange issuance of the Shares has been duly authorized and, upon delivery to the Acquiror Buyer of certificates therefor in accordance with the terms of this Agreement, the Shares will have been validly issued and fully paid paid, and will be nonassessable, have the rights, preferences and privileges specified, will be free of preemptive rights and will be free and clear of all Liens and restrictions, other than Liens set forth on Schedule 5.7.3 or that might have been created by the Acquiror Buyer and restrictions on transfer imposed by this Agreement and the Securities Act.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Rudy 45), Stock Purchase Agreement (Hsin en Chao), Stock Purchase Agreement (CH4 Energy, Inc.)

Duly Authorized. The exchange of the Shares has been duly authorized and, upon delivery to the Acquiror of certificates therefor therefore in accordance with the terms of this Agreement, the Shares will have been validly issued and fully paid and will be nonassessablenon-assessable, have the rights, preferences and privileges specified, will be free of preemptive rights and will be free and clear of all Liens and restrictions, other than Liens set forth on Schedule 5.7.3 or that might have been created by the Acquiror and restrictions on transfer imposed by this Agreement and the Securities Act.

Appears in 2 contracts

Samples: Share Exchange Agreement (Hamptons Luxury Homes Inc), Share Exchange Agreement (Bas Consulting Inc)

Duly Authorized. The exchange issuance of the Exchange Shares pursuant to this Agreement has been duly authorized and, upon delivery to the Acquiror Company Shareholders of certificates therefor in accordance with the terms of this Agreement, the such Exchange Shares will have been validly issued and fully paid paid, and will be nonassessable, have the rights, preferences and privileges specifiednon-assessable, will be free of preemptive rights and will be free and clear of all Liens and restrictions, other than Liens set forth on Schedule 5.7.3 or that might have been created by the Acquiror Company Shareholders and restrictions on transfer imposed by this Agreement and the Securities Act.

Appears in 2 contracts

Samples: Share Exchange Agreement (Option Placement, Inc.), Share Exchange Agreement (Forsythe Group Two, Inc)

Duly Authorized. The exchange of the Shares has been duly authorized and, upon delivery to the Acquiror of certificates therefor in accordance with the terms of this Agreement, the Shares will have been validly issued and fully paid and will be nonassessablenon-assessable, have the rights, preferences and privileges specified, will be free of preemptive rights and will be free and clear of all Liens and restrictions, other than Liens set forth on Schedule 5.7.3 or that might have been created by the Acquiror and restrictions on transfer imposed by this Agreement and the Securities Act.

Appears in 1 contract

Samples: Share Exchange Agreement (Techedge Inc)

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Duly Authorized. The exchange transfer of the Shares has been duly authorized and, upon delivery to the Acquiror Buyer of certificates therefor in accordance with the terms of this Agreement, the Shares will have been validly issued and fully paid paid, and will be nonassessable, have the rights, preferences and privileges specified, will be free of preemptive rights and will be free and clear of all Liens and restrictions, other than Liens set forth on Schedule 5.7.3 or that might have been created by the Acquiror Buyer and restrictions on transfer imposed by this Agreement and the Securities Act.

Appears in 1 contract

Samples: Stock Purchase Agreement (Miad Systems LTD)

Duly Authorized. The exchange of the Shares has been duly authorized and, upon delivery to the Acquiror of certificates therefor in accordance with the terms of this Agreement, the Shares will have been validly issued and fully paid and will be nonassessable, have the rights, preferences and privileges specified, will be free of preemptive rights and will be free and clear of all Liens and restrictions, other than Liens set forth on Schedule 5.7.3 or that might have been created by the Acquiror and restrictions on transfer imposed by this Agreement and the Securities Act.

Appears in 1 contract

Samples: Share Exchange Agreement (Nano Superlattice Technology Inc.)

Duly Authorized. The exchange issuance of the Exchange Shares pursuant to this Agreement has been duly authorized and, upon delivery to the Acquiror Company Shareholders of certificates therefor therefore in accordance with the terms of this Agreement, the such Exchange Shares will have been validly issued and fully paid paid, and will be nonassessablenon-assessable, have the rights, preferences and privileges specifiedspecified in the Acquiror Company’s Organizational Documents, will be free of preemptive rights and will be free and clear of all Liens and restrictions, other than Liens set forth on Schedule 5.7.3 or that might have been created by the Acquiror and restrictions on transfer imposed by this Agreement and the Securities Act.

Appears in 1 contract

Samples: Share Exchange Agreement (Bay Peak 1 Opportunity Corp.)

Duly Authorized. The exchange of the Shares has been duly authorized and, upon delivery to the Acquiror Acquirer of certificates therefor therefore in accordance with the terms of this Agreement, the Shares will have been validly issued and fully paid and will be nonassessable, have the rights, preferences and privileges specified, will be free of preemptive rights and will be free and clear of all Liens and restrictions, other than Liens set forth on Schedule 5.7.3 or that might have been created by the Acquiror Acquirer and restrictions on transfer imposed by this Agreement and the Securities Act.

Appears in 1 contract

Samples: Acquisition of Shares Agreement (Precious Investments, Inc.)

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