Validly Issued Securities Sample Clauses

Validly Issued Securities. (i) The Offered Shares have been duly authorized for issuance and, upon issuance thereof in accordance with this Underwriting Agreement, the Offered Shares will be validly issued as fully paid and non-assessable Common Shares, and all statements made in the Offering Documents describing the Offered Shares (including their attributes) are accurate in all material respects; (ii) the Option has been duly authorized for grant; and (iii) the Offered Shares and the Option have not and will not have been issued or granted in violation of any pre-emptive rights or contractual rights to purchase securities issued by the Company;

Validly Issued Securities. The Company will ensure that: (i) at the Closing Date, provided it receives payment therefor, the Unit Shares have been validly issued and are outstanding as fully-paid and non-assessable Subordinate Voting Shares; (ii) at the Closing Date, the Warrants are duly and validly created, authorized and issued and shall have attributes corresponding in all material respects to the description set forth in the Warrant Indenture; (iii) at all times prior to the expiry date of the Warrants, a sufficient number of Warrant Shares are allotted and reserved for issuance upon the exercise of the Warrants; (iv) the Warrant Shares issuable upon the exercise of the Warrants shall, upon issuance in accordance with the terms thereof, including payment of the exercise price therefor, be duly issued as fully paid and non-assessable Subordinate Voting Shares; (v) at the Closing Date, the Compensation Warrants are duly and validly created, authorized and issued and shall have attributes corresponding in all material respects to the description set forth in the Compensation Warrant Certificates; (vi) at all times prior to the expiry date of the Compensation Warrants, a sufficient number of Compensation Warrant Shares are allotted and reserved for issuance upon the exercise of the Compensation Warrants; and (vii) the Compensation Warrant Shares issuable upon the exercise of the Compensation Warrants shall, upon issuance in accordance with the terms thereof, including payment of the exercise price therefor, be duly issued as fully paid and non-assessable Subordinate Voting Shares.

Validly Issued Securities. The securities to be issued pursuant to this Agreement have been duly authorized for issuance, and such securities, when issued and delivered to the Stockholders pursuant to this Agreement, shall be validly issued, fully paid and nonassessable and will be free of all encumbrances, other than encumbrances created by the Stockholders themselves.

Validly Issued Securities. The Corporation will ensure at the Closing Time that the (i) Unit Shares and Warrants comprising the Units have been duly and validly created and issued, and (ii) the Broker Warrants have been duly and validly created and issued. The Corporation will ensure that upon their issuance in accordance with their terms and payment therefor the Unit Shares, the Warrant Shares and the Broker Warrant Shares shall be duly and validly issued as fully paid and non-assessable Common Shares.

Validly Issued Securities. The Securities have been duly authorized and, when executed and authenticated in accordance with the provisions of the Indenture and delivered to and paid for by the Initial Purchaser pursuant to this Agreement, will have been duly executed and delivered by the Company and (assuming due authorization, execution and delivery of the Indenture by the Trustee) will constitute valid and legally binding obligations of the Company enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and general principles of equity, and will be in the form contemplated by and entitled to the benefits provided by the Indenture; and the Securities, the Registration Rights Agreement and the Indenture will conform in all material respects to the descriptions thereof in the Disclosure Package and the Final Offering Circular.

Validly Issued Securities. The Securities have been duly authorized and, when issued and delivered pursuant to this Agreement, will have been duly executed, authenticated, issued and delivered and will constitute valid and legally binding obligations of the Company enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally, and subject as to enforceability, to general principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in a proceeding at law or in equity), and will be entitled to the benefits provided by the Indenture under which they are to be issued; and the Securities and the Indenture will conform in all material respects to the descriptions thereof in the Final Offering Circular.

Validly Issued Securities. The Corporation will ensure at the Closing Time that the (i) Debentures and Warrants comprising the Units have been duly and validly created and issued, and (ii) the Broker Warrants have been duly and validly created and issued. The Corporation will ensure that upon their issuance in accordance with the terms of the Broker Warrants and payment therefor, the Broker Units shall be duly and validly issued as Broker Unit Warrants and Broker Unit Shares. The Corporation will ensure that upon their issuance in accordance with their terms and payment therefor the Warrant Shares, the Debenture Shares, the Broker Unit Shares and the Broker Warrant Shares shall be duly and validly issued as fully paid and non-assessable Common Shares.

Validly Issued Securities. All of the issued and outstanding securities of the Company have been duly and validly authorized and issued and are fully paid and non-assessable shares of the Company, and none of the outstanding securities of the Company were issued in violation of the pre-emptive or similar rights of any securityholder of the Company.

Validly Issued Securities. (i) The Subscription Receipts will, as of the Closing Time, be duly and validly created and issued pursuant to the Subscription Receipt Agreement; (ii) The Common Shares issuable upon exchange of the Subscription Receipts have been validly authorized and allotted for issuance and, upon the exchange of the Subscription Receipts in accordance with the terms of the Subscription Receipt Agreement, the Common Shares will be validly issued as fully paid and non-assessable Common Shares;