Common use of Valid Issuance of the Class A Common Stock Clause in Contracts

Valid Issuance of the Class A Common Stock. At the Closing Date or the Option Closing Date, the Firm Securities and the Option Securities, as the case may be, will be duly authorized and, when issued and delivered to the Underwriters against payment therefor in accordance with the terms hereof, will be validly issued, fully paid and nonassessable.

Valid Issuance of the Class A Common Stock. At the Closing Date or the Option Closing Date, the Firm Securities and the Option Securities, as the case may be, will be duly authorized and, when issued and delivered to the Underwriters against upon receipt of payment therefor in accordance with the terms hereof, will be validly issued, fully paid and nonassessable.