Common use of Free and Clear Delivery Clause in Contracts

Free and Clear Delivery. All shares of Common Stock delivered upon conversion of the Convertible Preferred Stock or upon the payment of dividends shall be duly authorized, validly issued, fully paid and non-assessable, free and clear of all liens, claims, security interests and other encumbrances (other than liens, charges, security interests and other encumbrances created by the Holders).

Free and Clear Delivery. All shares of Common Stock delivered upon conversion of the Convertible Preferred Designated Stock or upon the payment of dividends shall be duly authorized, validly issued, fully paid and non-assessable, free and clear of all liens, claims, security interests and other encumbrances (other than liens, charges, security interests and other encumbrances created by the Holders).

Free and Clear Delivery. All shares of Common Stock delivered upon conversion of the Convertible Series A Preferred Stock or shall, upon the payment of dividends shall issuance, be duly authorized, validly issued, fully paid and non-assessable, free and clear of all liens, claims, security interests and other encumbrances (other than liens, charges, security interests and other encumbrances created by the Holders).

Free and Clear Delivery. All shares of Common Stock delivered upon conversion of the Convertible Preferred Stock or shall, upon the payment of dividends shall issuance, be duly authorized, validly issued, fully paid and non-assessable, free and clear of all liens, claims, security interests and other encumbrances (other than liens, charges, security interests and other encumbrances created by the Holders).

Free and Clear Delivery. All shares of Common Stock delivered upon conversion of the Convertible Series F Preferred Stock or shall, upon the payment of dividends shall issuance, be duly authorized, validly issued, fully paid and non-assessable, free and clear of all liens, claims, security interests and other encumbrances (other than liens, charges, security interests and other encumbrances created by the Holders).

Free and Clear Delivery. All shares of Common Stock delivered upon conversion of the Convertible Series C Preferred Stock or shall, upon the payment of dividends shall issuance, be duly authorized, validly issued, fully paid and non-assessable, free and clear of all liens, claims, security interests and other encumbrances (other than liens, charges, security interests and other encumbrances created by the Holders).