Common use of The Purchased Shares Clause in Contracts

The Purchased Shares. The Purchased Shares are duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens (other than restrictions on transfer arising under applicable securities laws) and will not be subject to preemptive or similar rights of shareholders (other than those imposed by the Investors).

The Purchased Shares. The Purchased Shares are have been duly authorized and, when issued and paid reserved for in accordance with the applicable Transaction Documents, issuance and will be duly and validly issued, fully paid and nonassessablenon-assessable, and free and clear of all Liens (any Encumbrances, other than restrictions on transfer arising under applicable securities laws) and will not be subject to preemptive liens or similar rights of shareholders (other than those imposed encumbrances created by the Investors)Transaction Documents or created by or at the direction of the Investor or any of its Affiliates.

The Purchased Shares. The Purchased Shares are duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens (other than restrictions on transfer arising under applicable securities laws) and will not be subject to preemptive or similar rights of shareholders (other than those imposed by the Investors).. (f)

The Purchased Shares. The Purchased Shares are have been duly authorized and, when issued and paid for in accordance with delivered against payment of the applicable Transaction Documentsconsideration set forth herein, will be duly and validly issued, and fully paid and nonassessable, free and clear of all Liens (any lien, charge, encumbrance, security interest, rights of first refusal, preemptive or similar rights, and other than restrictions on transfer arising under encumbrances with respect to the issue thereof, except as provided for in the Related Documents, the Company’s articles of incorporation and applicable securities laws) and will not be subject to preemptive or similar rights of shareholders (other than those imposed by the Investors).