REPRESENTATIONS REGARDING MUSA CAPITAL STOCK Sample Clauses

REPRESENTATIONS REGARDING MUSA CAPITAL STOCK. Intek hereby represents and warrants to MIC that all of the shares of capital stock of MUSA to be delivered to MIC or its Affiliate upon exercise of the Option will be duly authorized, validly issued, fully paid and nonassessable and not subject to any preemptive rights, and shall be free and clear of any liens, encumbrances or restrictions as of the exercise of the Option. 10.6
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