Common use of Due Authorization and Issuance Clause in Contracts

Due Authorization and Issuance. The Company covenants and agrees that any and all of the Common Units issued to Merchandiser in accordance with the terms hereof will, upon such issuance, be duly authorized, validly issued and free from all preemptive rights of any holder of Common Units in the Company, free and clear of all taxes, liens and charges with respect to such issuance. The Company further covenants and agrees that, during the period within which this Warrant may be exercised, the Company will take no action that would prohibit the issuance of Common Units required to be issued in accordance with the terms and conditions hereof on such exercise.