Common use of Conditions to Issuance of Stock Clause in Contracts

Conditions to Issuance of Stock. The shares of stock issuable upon the exercise of an Option, or any portion thereof, shall not be required to be so physically issued to the Optionee. For the avoidance of doubt, shares shall be deemed to have been issued when evidenced by entry in the Company’s shareholder register. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock acquired upon the exercise of an Option or portion thereof prior to fulfillment of all of the following conditions:

Conditions to Issuance of Stock. The shares of stock issuable Stock deliverable upon the exercise of an the Option, or any portion thereof, shall not may be required to be so physically either previously authorized but unissued shares of Stock or issued to the Optionee. For the avoidance shares of doubt, shares shall be deemed to Stock which have then been issued when evidenced reacquired by entry in the Company’s shareholder register. Such shares of Stock shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock acquired Stock purchased upon the exercise of an the Option or portion thereof prior to fulfillment of all of the following conditions:

Conditions to Issuance of Stock. The shares of stock issuable Stock deliverable upon the exercise of an the Option, or any portion thereof, shall not may be required to be so physically either previously authorized but unissued shares or issued to the Optionee. For the avoidance of doubt, shares shall be deemed to which have then been issued when evidenced reacquired by entry in the Company’s shareholder register. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock acquired Stock purchased upon the exercise of an the Option or portion thereof prior to fulfillment of all of the following conditions:

Conditions to Issuance of Stock. The shares of stock issuable Stock deliverable upon the exercise of an the Option, or any portion thereof, shall not may be required to be so physically either previously authorized but unissued shares of Stock or issued to shares of Stock which have then been reacquired by the Optionee. For Company or the avoidance of doubt, shares shall be deemed to have been issued when evidenced by entry in the Company’s shareholder registerPartnership. Such shares of Stock shall be fully paid and nonassessable. The Company or the Partnership shall not be required to issue or deliver any certificate or certificates for shares of stock acquired Stock purchased upon the exercise of an the Option or portion thereof prior to fulfillment of all of the following conditions:

Conditions to Issuance of Stock. The shares of stock issuable deliverable upon the exercise of an the Option, or any portion thereof, shall not may be required to be so physically either previously authorized but unissued shares or issued to the Optionee. For the avoidance of doubt, shares shall be deemed to which have then been issued when evidenced reacquired by entry in the Company’s shareholder register. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock acquired purchased upon the exercise of an the Option or portion thereof prior to fulfillment of all of the following conditions:

Conditions to Issuance of Stock. The shares of stock issuable Shares deliverable upon the exercise of an the Option, or any portion thereof, shall not may be required to be so physically either previously authorized but unissued shares or issued to the Optionee. For the avoidance of doubt, shares shall be deemed to which have then been issued when evidenced reacquired by entry in the Company’s shareholder register. Such shares Shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock acquired Shares purchased upon the exercise of an the Option or portion thereof in book entry or certificated form prior to fulfillment of all of the following conditions: