The Public Units Sample Clauses
The 'Public Units' clause defines which portions of a project, product, or service are designated as accessible or usable by the general public. Typically, this clause outlines the specific units, components, or features that are not restricted to private or internal use, such as public-facing APIs, shared resources, or open-access facilities. By clearly identifying what is considered a public unit, the clause helps prevent misunderstandings about access rights and usage, ensuring that both parties know which elements are available for public interaction and which remain private or proprietary.
The Public Units. The Public Units to be issued and sold by the Company hereunder have been duly authorized by the Company and, when issued and delivered and paid for as provided herein, will be duly and validly issued, will constitute valid and legally binding obligations of the Company enforceable against the Company in accordance with their terms, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability, and will conform to the descriptions thereof in the Registration Statement, the Pricing Disclosure Package and the Prospectus; and the issuance of the Public Units is not subject to any preemptive or similar rights.