Common Units Duly Authorized. When issued pursuant to this Agreement, all of the Common Units will be duly authorized and validly issued and outstanding, will have been issued by the Company in compliance in all material respects with applicable federal and state securities laws, will be free and clear of all liens, mortgages, charges, security interests, hypothecations, assignments for security and encumbrances of any kind (other than those arising pursuant to the Operating Agreement, the Members Agreement or the Registration Rights Agreement) and will not be subject to any preemptive rights.
Appears in 4 contracts
Samples: Investor Securities Purchase Agreement (LL Services Inc.), Investor Securities Purchase Agreement (LL Services Inc.), Investor Securities Purchase Agreement (Language Line Holdings, Inc.)
