Common use of Valid Issuance of Stock Consideration Clause in Contracts

Valid Issuance of Stock Consideration. The Stock Consideration, when issued, sold and delivered in accordance with the terms and for the consideration set forth in this Agreement, will be validly issued, fully paid and nonassessable and free of restrictions on transfer other than restrictions on transfer under the Transaction Agreements, applicable state and federal securities laws and liens or Encumbrances created by or imposed by a Purchaser. The Stock Consideration will be issued in compliance with all applicable federal and state securities laws.

Valid Issuance of Stock Consideration. The Stock Consideration, when issued, sold issued and delivered in accordance with the terms and for the consideration set forth in this Agreement, will be validly issued, fully paid and nonassessable and free of restrictions on transfer other than restrictions on transfer under the Transaction Agreementsthis Agreement, applicable state and federal securities laws and liens or Encumbrances encumbrances created by or imposed by a Purchaser. The Stock Consideration will be issued in compliance with all applicable federal and state securities lawsBuyer.

Valid Issuance of Stock Consideration. The Stock Consideration, when issued, sold When issued and delivered in accordance with the terms and for hereof, the consideration set forth in this AgreementStock Consideration shall be duly authorized, will be validly issued, fully paid and nonassessable and nonassessable, free of from any liens, encumbrances or restrictions on transfer transfer, including preemptive rights, rights of first refusal or other similar rights, other than restrictions on transfer as arising as a result of any action by Seller under the Transaction Agreements, applicable state and federal securities laws and liens or Encumbrances created by or imposed by a Purchaser. The Stock Consideration will be issued in compliance with all applicable federal and state securities lawsLaws.

Valid Issuance of Stock Consideration. The Stock Consideration, ------------------------------------- when issued, sold and delivered in accordance with the terms and hereof for the consideration set forth in this Agreementexpressed herein, will be duly and validly issued, fully paid and nonassessable and free of restrictions on transfer other than restrictions on transfer under this Agreement, the Transaction Agreements, Investors' Rights Agreement and applicable state and federal securities laws laws. Based in part upon the representations of Seller in this Agreement and liens or Encumbrances created by or imposed by a Purchaser. The subject to the provisions of Section 5.5, the Stock Consideration will be issued in compliance with all applicable federal and state securities laws.

Valid Issuance of Stock Consideration. The Stock Consideration, when issued, sold issued and delivered in accordance with the terms and for the consideration set forth in this AgreementAgreement (including upon delivery to the Escrow Agent), will be validly issuedissued and outstanding, fully paid and nonassessable and free of restrictions on transfer other than restrictions on transfer under the Transaction Agreementsthis Agreement, applicable state and federal securities laws and liens or Encumbrances encumbrances created by or imposed by a Purchaserthe Company. The Assuming the accuracy of the representations of the Company in Section 4 of this Agreement, the Stock Consideration will be issued in compliance with all applicable federal and state securities laws.