Common use of Duly Authorized and Validly Issued Shares Clause in Contracts

Duly Authorized and Validly Issued Shares. The Stock to be issued and sold by the Company to the Underwriters hereunder has been duly authorized and, upon payment and delivery in accordance with this Agreement, will be validly issued, fully paid and non-assessable, will conform in all material respects to the description thereof contained in the most recent Preliminary Prospectus, and the issuance of the Stock is not subject to any preemptive or similar rights.

Duly Authorized and Validly Issued Shares. The shares of the Stock to be issued and sold by the Company to the Underwriters hereunder has been will be duly authorized for issuance and, upon payment and delivery in accordance with this Agreement, will be validly issued, fully paid and non-assessable, will conform in all material respects to the description thereof contained in the most recent Preliminary ProspectusProspectus in all material respects and will be free of statutory or contractual preemptive rights, and the issuance resale rights, rights of the Stock is not subject to any preemptive first refusal or similar rights.

Duly Authorized and Validly Issued Shares. The Stock to be issued and sold by the Company to the Underwriters Underwriter hereunder has been duly authorized and, upon payment and delivery in accordance with this Agreement, will be validly issued, fully paid and non-assessable, will conform in all material respects to the description thereof contained in the most recent Preliminary Prospectus, and the issuance of the Stock is not subject to any preemptive or similar rights.

Duly Authorized and Validly Issued Shares. The Stock to be issued and sold by the Company Selling Stockholder to the Underwriters hereunder has been duly authorized and, upon payment and delivery in accordance with this Agreement, will be validly issued, is fully paid and non-assessable, will conform assessable and conforms in all material respects to the description thereof contained in the most recent Preliminary Prospectus, and the issuance of the Stock is not subject to any preemptive or similar rights.

Duly Authorized and Validly Issued Shares. The Stock to be issued and sold by the Company to the Underwriters hereunder has have been duly authorized and, upon payment and delivery in accordance with this Agreement, will be validly issued, fully paid and non-assessable, will conform in all material respects to the description thereof contained in the most recent Preliminary Prospectus, and the issuance of the Stock is not subject to any preemptive or similar rights.