Common use of Validity of Stock Clause in Contracts

Validity of Stock. The Shares, when issued, sold, and delivered by the Buyer in accordance with the terms of this Agreement, as well as all prior issuances of the Buyer's capital stock, shall be (or have been) duly authorized, validly issued, fully paid, and non-assessable and free of any liens or encumbrances.

Validity of Stock. The Shares, when issued, sold, and delivered by the Buyer Company in accordance with the terms of this Agreement, as well as all prior issuances of the Buyer's capital stock, shall be (or have been) duly authorized, validly issued, fully paid, and non-assessable and free of any liens or encumbrances.

Validity of Stock. The SharesStock, when issued, sold, sold and delivered by the Buyer in accordance compliance with the terms of and for the consideration expressed in this Agreement, as well as all prior issuances of the Buyer's capital stock, shall will be (or have been) duly authorized, validly issuedissued (including without limitation, issued in compliance with applicable federal and state securities laws), fully paid, paid and non-assessable and free of any liens or encumbrancesnonassessable.

Validity of Stock. The SharesShares to be sold pursuant to this Agreement, when issued, sold, and delivered by the Buyer in accordance with the terms of this Agreement, as well as all prior issuances of the Buyer's capital stock, shall will be (or have been) duly authorized, and validly issued, fully paid, paid and non-assessable and free of any liens or encumbrancesassessable.

Validity of Stock. The SharesShares to be purchased and sold pursuant to this Agreement, when issued, sold, sold and delivered by the Buyer in accordance with the terms of this Agreementhereof for the consideration expressed herein, as well as all prior issuances of the Buyer's capital stock, shall will be (or have been) duly authorized, validly issued, fully paid, paid and non-assessable nonassessable and free of any liens or encumbrancesrestrictions on transfer other than restrictions on transfer contained in applicable state and federal securities laws.

Validity of Stock. The Shares, when issued, sold, and delivered by the Buyer Seller in accordance with the terms of this Agreement, as well as all prior issuances of the Buyer's capital stock, shall be (or have been) duly authorized, validly issued, fully paid, and non-assessable and free of any liens or encumbrances.

Validity of Stock. The SharesPurchased Shares to be sold pursuant to this Agreement, when issued, sold, and delivered by the Buyer in accordance with the terms of this Agreement, as well as all prior issuances of the Buyer's capital stock, shall will be (or have been) duly authorized, and validly issued, fully paid, paid and non-assessable and free of any liens or encumbrancesassessable.

Validity of Stock. The Shares and Investor's Shares, when issued, sold, issued and ----------------- delivered by the Buyer each Company and Investors, as applicable, in accordance with the terms of this Agreement, as well as all prior issuances of the Buyereach Company's capital stock, shall be (or have been) duly authorized, validly issued, fully paid, and non-assessable and free of any liens or encumbrances.

Validity of Stock. The Shares, when issued, sold, sold and delivered by the Buyer in accordance with the terms of this Agreement, as well as all prior issuances of the Buyer's capital stock, shall will be (or have been) duly authorized, validly issued, fully paidpaid and nonassessable, and non-assessable free and free clear of any all liens or and encumbrances.

Validity of Stock. The Shares, when issued, sold, sold and delivered by the Buyer in accordance compliance with the terms provisions of this Subscription Agreement, as well as all prior issuances of the Buyer's capital stock, shall will be (or have been) duly authorized, validly issued, fully paidpaid and nonassessable, and non-assessable and will be free of any liens or encumbrances.