Common use of Status of Securities Clause in Contracts

Status of Securities. The shares of Common Stock to be issued pursuant to this Agreement have been duly authorized by all necessary corporate action and stockholder action. When issued and sold against receipt of the consideration therefor as provided in this Agreement, such shares of Common Stock will be validly issued, fully paid and nonassessable, will not subject the holders thereof to personal liability and will not be subject to preemptive rights of any other stockholder of the Company.

Status of Securities. The Upon receipt of the Stockholder Approvals, the shares of Common Stock to be issued pursuant to this Agreement and the other Transaction Documents have been duly authorized by all necessary corporate action and stockholder actionof the Company. When issued and sold against receipt of the consideration therefor as provided in this AgreementAgreement and the other Transaction Documents, such shares of Common Stock will be validly issued, fully paid and nonassessable, and such issuance will not subject the holders thereof to personal liability and will not be subject to preemptive rights of any other stockholder of the Company.

Status of Securities. The Subject to receipt of the approval of the Company Requisite Vote, the shares of Common Stock to be issued pursuant to this Agreement have been duly authorized by all necessary corporate action and stockholder action. When issued and sold against receipt of the consideration therefor as provided in this Agreement, such shares of Common Stock will be validly issued, fully paid and nonassessable, will not subject the holders thereof to personal liability free and clear of all Liens (other than Liens imposed as a result of actions taken by Investor or its Affiliates) and will not be subject to preemptive rights of any other stockholder shareholder of the Company.

Status of Securities. The Subject to receipt of the approval of the Company Requisite Vote, the shares of Common Stock to be issued pursuant to this Agreement have been duly authorized by all necessary corporate action and stockholder action. When issued and sold against receipt of the consideration therefor as provided in this Agreement, such shares of Common Stock will be validly issued, fully paid and nonassessable, will not subject free and clear of all Liens (other than Liens imposed as a result of actions taken by the holders thereof to personal liability Investors or their Affiliates) and will not be subject to preemptive rights of any other stockholder shareholder of the Company.