Common use of Valid Issuance of the Purchased Securities Clause in Contracts

Valid Issuance of the Purchased Securities. The Purchased Securities will be, upon payment therefor by the Purchasers in accordance with this Agreement, duly authorized, validly issued, fully paid and non-assessable, free and clear from all taxes and liens, claims and encumbrances imposed by the Company, other than restrictions on transfer provided for in the Transaction Documents, with respect to the issuance of such Purchased Securities and will not be subject to any preemptive rights or similar rights.

Valid Issuance of the Purchased Securities. The Purchased Securities will be, upon payment therefor by the Purchasers in accordance with this Agreement, duly authorized, validly issued, fully paid and non-assessable, free and clear from all taxes and liens, claims and encumbrances imposed by the Company, other than restrictions on transfer provided for in this Agreement, the Registration Rights Agreement, dated the date hereof, among the Company and the Purchasers (the “Registration Rights Agreement”), and any other documents or agreements executed in connection with the transactions contemplated hereunder (the “Transaction Documents”), with respect to the issuance of such Purchased Securities and will not be subject to any preemptive rights or similar rights.

Valid Issuance of the Purchased Securities. The Purchased Securities will be, upon payment therefor by the Purchasers in accordance with this Agreement, duly authorized, validly issued, fully paid and non-assessable, free and clear from all taxes and taxes, liens, claims and encumbrances imposed by the Company, other than restrictions on transfer provided for in the Transaction Documents, with respect to the issuance of such Purchased Securities and will not be subject to any preemptive pre-emptive rights or similar rights.