Common use of Merger Shares Clause in Contracts

Merger Shares. The Merger Shares, when paid for and then issued as provided in this Agreement, will be duly authorized and validly issued, fully paid and nonassessable, and will be free of any Liens or encumbrances and of restrictions on transfer, other than restrictions on transfer under applicable state and federal securities laws or the Transaction Documents.

Merger Shares. The Merger SharesShares to be delivered in the Merger, when paid for and then issued as provided delivered in accordance with the terms of this Agreement, will be duly authorized and validly issuedissued in compliance with applicable United States federal and state Legal Provisions relating to the issuance of securities, fully paid and nonassessable, and will be free the delivery of all such shares is not subject to any Liens or encumbrances and of restrictions on transfer, other than restrictions on transfer under applicable state and federal securities laws or the Transaction Documentspreemptive rights.

Merger Shares. The Merger Shares, when paid for and then issued as provided in this Agreement, will be duly authorized and validly issued, fully paid and nonassessablenon-assessable, and will be free of any Liens or encumbrances and of restrictions on transfer, other than restrictions on transfer under applicable state and federal securities laws or the Transaction Documents.