Common use of Capital Stock Duly Authorized and Validly Issued Clause in Contracts

Capital Stock Duly Authorized and Validly Issued. All of the issued and outstanding shares of capital stock of the Company have been duly authorized and validly issued and are fully paid and nonassessable. All of the issued and outstanding shares of capital stock of each Bank Subsidiary have been duly authorized and validly issued, are fully paid and nonassessable and are owned by the Company, directly or through one or more other subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equitable right. None of the issued and outstanding shares of capital stock of the Company or any Bank Subsidiary were issued in violation of any preemptive or similar rights of any shareholder of the Company or any Bank Subsidiary, as the case may be, arising by operation of law, or under the certificate of incorporation, bylaws or other organizational documents of the Company or any Bank Subsidiary or under any agreement to which the Company or any Bank Subsidiary is a party.

Capital Stock Duly Authorized and Validly Issued. All of the issued and outstanding shares of capital stock of the Company have been duly authorized and validly issued and are fully paid and nonassessable. All of the issued and outstanding shares of capital stock of each the Bank Subsidiary have been duly authorized and validly issued, are fully paid and nonassessable and are owned by the Company, directly or through one or more other subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equitable right. None of the issued and outstanding shares of capital stock of the Company or any the Bank Subsidiary were issued in violation of any preemptive or similar rights of any shareholder of the Company or any the Bank Subsidiary, as the case may be, arising by operation of law, or under the certificate of incorporation, bylaws or other organizational documents of the Company or any the Bank Subsidiary or under any agreement to which the Company or any the Bank Subsidiary is a party.

Capital Stock Duly Authorized and Validly Issued. All To my knowledge, (i) all of the issued and outstanding shares of capital stock of the Company have been duly authorized and validly issued and are fully paid and nonassessable. All ; (ii) all of the issued and outstanding shares of capital stock of each Bank Subsidiary have been duly authorized and validly issued, are fully paid and nonassessable and are owned of record by the Company, directly or through one or more other subsidiaries, Company free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equitable right. None ; and (iii) none of the issued and outstanding shares of capital stock of the Company or any Bank Subsidiary were issued in violation of any preemptive or similar rights of any shareholder of the Company or any Bank Subsidiary, as the case may be, arising by operation of law, or under the certificate of incorporation, bylaws or other organizational documents of the Company or any Bank Subsidiary or under any agreement to which the Company or any Bank Subsidiary is a party.

Capital Stock Duly Authorized and Validly Issued. All To my knowledge, (i) all of the issued and outstanding shares of capital stock of the Company have been duly authorized and validly issued and are fully paid and nonassessable. All ; (ii) all of the issued and outstanding shares of capital stock of each Bank the Subsidiary have been duly authorized and validly issued, are fully paid and nonassessable and are owned of record by the Company, directly or through one or more other subsidiaries, Company free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equitable right. None ; and (iii) none of the issued and outstanding shares of capital stock of the Company or any Bank the Subsidiary were issued in violation of any preemptive or similar rights of any shareholder of the Company or any Bank the Subsidiary, as the case may be, arising by operation of law, or under the certificate of incorporation, bylaws by-laws or other organizational documents of the Company or any Bank the Subsidiary or under any agreement to which the Company or any Bank the Subsidiary is a party.

Capital Stock Duly Authorized and Validly Issued. All of the issued and outstanding shares of capital stock of the Company have been duly authorized and validly issued and are fully paid and nonassessable. All of the issued and outstanding shares of capital stock of each Bank the Subsidiary have been duly authorized and validly issued, are fully paid and nonassessable and are owned by the Company, directly or through one or more other subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equitable right. None of the issued and outstanding shares of capital stock of the Company or any Bank the Subsidiary were issued in violation of any preemptive or similar rights of any shareholder of the Company or any Bank the Subsidiary, as the case may be, arising by operation of law, or under the certificate of incorporation, bylaws by-laws or other organizational documents of the Company or any Bank the Subsidiary or under any agreement to which the Company or any Bank the Subsidiary is a party.

Capital Stock Duly Authorized and Validly Issued. All of the issued and outstanding shares of capital stock of the Company have been duly authorized and validly issued and are fully paid and nonassessable. All of the issued and outstanding shares of capital stock of each Bank Subsidiary of the Subsidiaries have been duly authorized and validly issued, are fully paid and nonassessable and are owned by the Company, directly or through one or more other subsidiariesSubsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equitable right. None of the issued and outstanding shares of capital stock of the Company or any Bank Subsidiary were issued in violation of any preemptive or similar rights of any shareholder of the Company or any Bank such Subsidiary, as the case may be, arising by operation of law, or under the certificate of incorporation, bylaws by-laws or other organizational documents of the Company or any Bank such Subsidiary or under any agreement to which the Company or any Bank such Subsidiary is a party.

Capital Stock Duly Authorized and Validly Issued. All of the issued and outstanding shares of capital stock of the Company have been duly authorized and validly issued and are fully paid and nonassessable. All of the issued and outstanding shares of capital stock of each the Bank Subsidiary have been duly authorized and validly issued, are fully paid and nonassessable and are owned by the Company, directly or through one or more other subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equitable right. None of the issued and outstanding shares of capital stock of the Company or any the Bank Subsidiary were issued in violation of any preemptive or similar rights of any shareholder of the Company or any Bank Subsidiarythe Bank, as the case may be, arising by operation of law, or under the certificate articles of incorporation, bylaws or other organizational documents of the Company or any the Bank Subsidiary or under any agreement to which the Company or any the Bank Subsidiary is a party.

Capital Stock Duly Authorized and Validly Issued. All of the issued and outstanding shares of capital stock of the Company have been duly authorized and validly issued and are fully paid and nonassessable. All of the issued and outstanding shares of capital stock of each the Bank Subsidiary have been duly authorized and validly issued, are fully paid and nonassessable and are owned by the Company, directly or through one or more other subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equitable right. None of the issued and outstanding shares of capital stock of the Company or any the Bank Subsidiary were issued in violation of any preemptive or similar rights of any shareholder of the Company or any the Bank Subsidiary, as the case may be, arising by operation of law, or under the certificate articles of incorporation, bylaws or other organizational documents of the Company or any the Bank Subsidiary or under any agreement to which the Company or any the Bank Subsidiary is a party.