Common use of Authorization of Stock Clause in Contracts

Authorization of Stock. The Stock to be issued and sold by the Company to the Underwriters hereunder has been duly and validly authorized and, when issued and delivered against payment therefor as provided herein, will be duly and validly issued, fully paid and non-assessable and will conform to the descriptions thereof in the Registration Statement, the General Disclosure Package and the Prospectus; and the issuance of the Stock is not subject to any preemptive or similar rights.

Authorization of Stock. The shares of the Stock to be issued and sold by the Company to the Underwriters Underwriter hereunder has have been duly and validly authorized and, when issued upon payment and delivered against payment therefor as provided hereindelivery in accordance with this Agreement, will be duly and validly issued, fully paid and non-assessable and assessable, will conform to the descriptions description thereof contained in each of the Registration Statement, the General Disclosure Package most recent Preliminary Prospectus and the Prospectus; Prospectus and the issuance will be free and clear of the Stock is not subject to statutory and contractual preemptive rights, resale rights, rights of first refusal and similar rights or any preemptive or similar rightsother Liens.