Common use of Newly Issued Shares Clause in Contracts

Newly Issued Shares. The Shares to be sold and issued by the Company to the Purchaser in accordance with the terms of this Agreement have been duly authorized and, when issued as contemplated hereby, will be validly issued, fully paid and non-assessable, and no other person has any preemptive right, option, warrant, subscription agreement or other right with respect to such Shares. Upon the issuance of the Shares, the Purchaser will acquire good and marketable title to the shares free and clear of any and all Encumbrances, except such Encumbrances as may be created pursuant to this Agreement or by Purchaser.

Newly Issued Shares. The Shares to be sold and issued by the Company to the Purchaser Purchasers in accordance with the terms of this Agreement have been duly authorized and, when issued as contemplated hereby, will be validly issued, fully paid and non-assessable, and no other person has any preemptive right, option, warrant, subscription agreement or other right with respect to such Shares. Upon the issuance of the Shares, the Purchaser Purchasers will acquire good and marketable title to the shares Shares free and clear of any and all Encumbrances, except any such Encumbrances Encumbrance as may be created pursuant to this Agreement or by PurchaserPurchasers.