Common use of Valid Issuance of Exchange Shares Clause in Contracts

Valid Issuance of Exchange Shares. The Exchange Shares have been duly authorized by all necessary corporate action. When issued and sold against receipt of the consideration therefore, the Exchange Shares will be validly issued, fully paid and non-assessable, will not subject the holders thereof to personal liability and will not be issued in violation of preemptive rights. The voting rights provided for in the terms of the Shares are validly authorized and shall not be subject to restriction or limitation in any respect.

Valid Issuance of Exchange Shares. The Exchange Shares have been duly authorized by all necessary corporate action. When issued and sold against receipt of the consideration therefore, the Exchange Shares will be validly issued, fully paid and non-assessablenonassessable, will not subject the holders thereof to personal liability and will not be issued in violation of preemptive rights. The voting rights provided for in the terms of the Shares are validly authorized and shall not be subject to restriction or limitation in any respect.

Valid Issuance of Exchange Shares. The Exchange Shares have been duly authorized by all necessary corporate action. When issued and sold against receipt of the consideration thereforetherefor, the Exchange Shares will be validly issued, fully paid and non-assessablenonassessable, will not subject the holders thereof to personal liability and will not be issued in violation of preemptive rights. The voting rights provided for in the terms Ecoark has no plan or intention to reacquire any of the Shares are validly authorized and shall not be subject to restriction or limitation in any respectExchange Shares.