Common use of Authorization of Issuance Clause in Contracts

Authorization of Issuance. The Shares have been duly authorized and, when issued and delivered in accordance with the terms of this Agreement, will be validly issued, fully paid and non-assessable, and the issuance of such Shares will not be subject to any preemptive or similar rights.

Authorization of Issuance. The Shares have been duly authorized for issuance and, when issued and delivered by the Company in accordance with the terms provisions of this Agreement, will be validly issued, fully paid and non-assessablepaid, and the nonassessable. The issuance of such the Shares will is not be subject to any preemptive or similar rights.

Authorization of Issuance. The Shares have been duly authorized for issuance and sale pursuant to this Agreement and, when issued and delivered in accordance with the terms of this AgreementAgreement against payment of the consideration set forth herein, will be validly issued, fully paid and non-assessablenon‑assessable, and the issuance of such Shares will not be subject to any preemptive or other similar rightsrights of any securityholder of the Company.