Common use of Validity of Exchange Shares Clause in Contracts

Validity of Exchange Shares. Upon their issuance in accordance with, and subject to, the terms and conditions of this Agreement, the Exchange Shares shall be validly issued, fully paid and non-assessable.

Validity of Exchange Shares. Upon their issuance in accordance with, and subject to, the terms and conditions of this Agreement, the The Exchange Shares shall to be issued pursuant to this Agreement will be, when issued in exchange for the Company Units, duly authorized, validly issued, fully paid and non-assessablenonassessable and free of preemptive rights and encumbrances.

Validity of Exchange Shares. Upon their issuance in accordance with, and subject to, the terms and conditions of The Exchange Shares issued pursuant to this Agreement, when delivered in exchange for the Exchange Shares shall Securities in accordance with this Agreement, will be duly authorized, validly issued, fully paid and non-assessable.

Validity of Exchange Shares. Upon their issuance The Exchange Shares to be issued to the Company Principals and Company Shareholders upon consummation of the transactions contemplated by this Agreement will, upon issuance, have been duly and validly authorized and, when so issued in accordance with, and subject to, with the terms and conditions of this Agreement, the Exchange Shares shall will be duly and validly issued, fully paid and non-assessable.

Validity of Exchange Shares. Upon their issuance The Exchange Shares to be issued to the Company Members upon consummation of the transactions contemplated by this Agreement will, upon issuance, have been duly and validly authorized and, when so issued in accordance with, and subject to, with the terms and conditions of this Agreement, the Exchange Shares shall will be duly and validly issued, fully paid and non-assessable.

Validity of Exchange Shares. Upon their issuance The Exchange Shares have been duly authorized and, when issued in accordance with, and subject to, with the terms and conditions of this Agreement, the Exchange Shares shall will be validly issued, fully paid paid, and non-assessablenonassessable to each Member acquiring any of the Exchange Shares pursuant to this Agreement, free of any liens, claims, or other encumbrances, except for restrictions on transfer provided for herein or under the Securities Act or other applicable securities laws.