Common use of Authorization of Common Securities Clause in Contracts

Authorization of Common Securities. The Common Securities have been duly authorized by the Trust Agreement and, when issued and delivered by the Trust to the Company against payment therefor as set forth in the Trust Agreement, will be validly issued and, subject to the terms of the Trust Agreement, fully paid and non-assessable undivided beneficial interests in the assets of the Trust. The issuance of the Common Securities is not subject to preemptive or other similar rights. On any Closing Date, all of the issued and outstanding Common Securities of the Trust will be directly owned by the Company free and clear of any security interest, mortgage, pledge, lien, claim, encumbrance or equitable right.

Authorization of Common Securities. The As of the Closing Time, the Common Securities will have been duly authorized for issuance by the Trust pursuant to the Trust Agreement and, when issued and delivered by the Trust to the Company against payment therefor as set forth described in the Trust AgreementProspectus, will be validly issued and, subject to the terms of the Trust Agreement, and fully paid and non-assessable nonassessable undivided common beneficial interests in the assets of the Trust. The issuance of the Common Securities is will not be subject to preemptive or other similar rights. On any As of the Closing DateTime, all of the issued and outstanding Common Securities of the Trust will be directly owned by the Company Company, free and clear of any security interest, mortgage, pledge, lien, claimencumbrance, encumbrance claim or equitable right.

Authorization of Common Securities. The Common Securities have ---------------------------------- been duly authorized by the Trust Agreement and, when issued and delivered by the Trust to the Company against payment therefor in accordance with the terms of the Common Securities Purchase Agreement and as set forth described in the Trust AgreementRegistration Statement and the Prospectus, will be validly issued and, subject to the terms of the Trust Agreement, fully paid and non-assessable will represent undivided beneficial interests in the assets of the Trust. The ; the issuance of the Common Securities is not subject to preemptive or other similar rights. On any ; and at Closing DateTime, all of the issued and outstanding Common Securities of the Trust will be directly owned by the Company free and clear of any security interest, mortgage, pledge, lien, claimencumbrance, encumbrance claim or equitable right.

Authorization of Common Securities. The As of the Closing Time, the Common Securities will have been duly authorized for issuance by the Trust Agreement pursuant to the Declaration and, when issued and delivered by the Trust to the Company against payment therefor as set forth described in the Trust AgreementProspectus, will be validly issued and, subject to the terms of the Trust Agreement, and fully paid and non-assessable undivided common beneficial interests in the assets of the Trust. The issuance of the Common Securities is will not be subject to preemptive or other similar rights. On any As of the Closing DateTime, all of the issued and outstanding Common Securities of the Trust will be directly owned by the Company Company, free and clear of any security interest, mortgage, pledge, lien, claimencumbrance, encumbrance claim or equitable rightequity.

Authorization of Common Securities. The Common Securities have been duly authorized by the Trust Agreement and, when issued and delivered upon delivery by the Trust to the Company against payment therefor as set forth described in the Trust AgreementProspectus, will be duly and validly issued and, subject to the terms of the Trust Agreement, and fully paid and non-assessable undivided beneficial interests in the assets of Trust and will conform to the Trust. The description thereof contained in the Prospectus; the issuance of the Common Securities is not subject to preemptive or other similar rights. On any ; and at the Closing DateTime, all of the issued and outstanding Common Securities of the Trust will be directly owned by the Company free and clear of any security interest, mortgage, pledge, lien, claimencumbrance, encumbrance claim or equitable rightequity.

Authorization of Common Securities. The As of the Closing Time, the Common Securities will have been duly authorized for issuance by the Trust Agreement pursuant to the Declaration and, when issued and delivered by the Trust to the Company against payment therefor as set forth described in the Trust AgreementProspectus, will be validly issued and, subject to the terms of the Trust Agreement, and fully paid and non-assessable undivided common beneficial interests in the assets of the Trust. The issuance of the Common Securities is will not be subject to preemptive or other similar rights. On any As of the Closing DateTime, all of the issued and outstanding Common Securities of the Trust will be directly owned by the Company Company, free and clear of any security interest, mortgage, pledge, lien, claimencumbrance, encumbrance claim or equitable right.