Authorization and Issuance of Securities. The issuance of the Securities has been duly authorized and, upon delivery to LUK of certificates therefor against payment in accordance with the terms hereof, the Securities will have been validly issued and fully paid and non-assessable, free and clear of all pledges, liens, encumbrances and preemptive rights.
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Samples: Stock Purchase Agreement (Leucadia National Corp), Stock Purchase Agreement (Trust Between LNC & J a Orlando as Trustee Dated 8/14/98), Stock Purchase Agreement (Mk Gold Co)
Authorization and Issuance of Securities. The issuance of the Securities has been duly authorized and, upon delivery to LUK of certificates therefor against payment in accordance with the terms hereof, the Securities will have been validly issued and fully paid and non-assessableasses- sable, free and clear of all pledges, liens, encumbrances and preemptive rights.
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