Common use of Valid Issuance of Purchased Units Clause in Contracts

Valid Issuance of Purchased Units. The Purchased Units, when issued, sold and delivered in accordance with the terms hereof for the consideration expressed herein or therein, will be duly and validly issued and fully paid and non-assessable. Based in part upon the representations of the Subscriber in this Agreement and subject to the completion of the filings referenced in Section 3.4 below, the Purchased Units will be issued in compliance with all applicable federal and state securities laws.

Valid Issuance of Purchased Units. The Purchased Units, when issued, sold and delivered in accordance with the terms hereof for the consideration expressed herein or therein, will be duly and validly issued and fully paid and non-assessable. Based in part upon the representations of the Subscriber in this Agreement and subject to the completion of the filings referenced in Section 3.4 below3.4below, the Purchased Units will be issued in compliance with all applicable federal and state securities laws.

Valid Issuance of Purchased Units. The Purchased Units, when issued, sold and delivered in accordance with the terms hereof for the consideration expressed herein or thereinhereof, will be duly and validly issued authorized and issued, fully paid and non-assessable. Based nonassessable and free of restrictions on transfer other than (i) applicable state and federal securities laws and (ii) those contained in part upon the representations of the Subscriber in this Agreement and subject to the completion of the filings referenced in Section 3.4 below, the Purchased Units will be issued in compliance with all applicable federal and state securities lawsOperating Agreement.

Valid Issuance of Purchased Units. The Purchased Units, when issued, sold and delivered in accordance with the terms hereof for the consideration expressed herein or therein, will be duly and validly issued and fully paid and non-non- assessable. Based in part upon the representations of the Subscriber in this Agreement and subject to the completion of the filings referenced in Section 3.4 below, the Purchased Units will be issued in compliance with all applicable federal and state securities laws.