Common use of Authorization of the Offered Shares Clause in Contracts

Authorization of the Offered Shares. The Offered Shares have been duly authorized for issuance and sale pursuant to this Agreement and, when issued and delivered by the Company against payment therefor pursuant to this Agreement, will be validly issued, fully paid and nonassessable, and the issuance and sale of the Offered Shares is not subject to any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase the Offered Shares that have not been duly waived or satisfied (except as disclosed in the Registration Statement, the Time of Sale Prospectus and the Prospectus).

Authorization of the Offered Shares. The Offered Shares have been duly authorized for issuance and sale pursuant to this Agreement and, when issued and delivered by the Company against payment in full therefor pursuant to this Agreement, will be validly issued, issued and fully paid and nonassessableare not subject to calls for any additional payments (non-assessable), and the issuance and sale of the Offered Shares is not subject to any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase the Offered Shares that have not been duly waived or satisfied (Shares, except as for those rights which are disclosed in the Registration Statement, the Time of Sale Prospectus and the Prospectus)Prospectus and have been duly waived or satisfied.

Authorization of the Offered Shares. The Offered Shares have been duly authorized for issuance and sale pursuant to this Agreement and, when issued and delivered by the Company against payment therefor pursuant to this Agreement, will be validly issued, fully paid and nonassessable, and the issuance and sale of the Offered Shares is not subject to any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase the Offered Shares [that have not been duly waived or satisfied (except as disclosed in the Registration Statement, the Time of Sale Prospectus and the Prospectus)].