Common use of Validity of the Shares Clause in Contracts

Validity of the Shares. The Shares have been duly authorized and, when issued and delivered to and paid for by the Investor pursuant to this Agreement, will be validly issued, fully paid and nonassessable, and such shares are free of preemptive or similar rights.

Validity of the Shares. The Shares have been duly authorized andShares, when issued and delivered to and paid for by the Investor pursuant to the terms of this Agreement, will be validly issued, and fully paid and nonassessable, nonassessable and such shares are will be free of preemptive any liens or similar rightsencumbrances; provided, however, that the Shares will be subject to restrictions on transfer under state and/or federal securities laws as set forth herein.

Validity of the Shares. The Shares have been duly authorized andShares, when issued and delivered to and paid for by the Investor pursuant to the terms of this Agreement, will be validly issued, and fully paid and nonassessable, nonassessable and such shares are will be free of preemptive any liens or similar rights.encumbrances; provided, however, that the Shares will be subject to restrictions on transfer under state and/or federal securities laws as set forth herein. e.

Validity of the Shares. The (a) Upon the issuance to the Investor as contemplated herein, the Shares will have been duly authorized and, when and validly issued without violation of the preemptive rights of any Person and delivered to and paid for by the Investor pursuant to this Agreement, will be validly issued, fully fully-paid and nonassessable, free and such shares are free clear of preemptive or similar rightsany Liens.

Validity of the Shares. The Shares have been are duly authorized andauthorized, reserved for issuance and will, when issued in accordance with the terms hereof and delivered to and paid for by the Investor pursuant to this Agreementthereof, will be validly issued, fully paid and nonassessablenon-assessable, free and such shares are free clear of preemptive or similar rightsall Liens and any pre-emptive rights of the shareholders of the Purchaser.