Common use of Warranty as to Preferred Stock; Opinion Clause in Contracts

Warranty as to Preferred Stock; Opinion. The Corporation hereby represents and warrants that the Preferred Stock, when issued, will be duly authorized, validly issued, fully paid and nonassessable. Such representation and warranty shall survive the deposit of the Preferred Stock and the issuance of the related Receipts. The Depositary shall be permitted to rely on applicable opinions of counsel delivered to the underwriters pursuant to each of Sections 8(g) and (h) of the underwriting agreement dated June 10, 2020 between the Corporation and the representatives of the underwriters named therein relating to the sale of the Depositary Shares to the public.

Appears in 2 contracts

Samples: Deposit Agreement (American Equity Investment Life Holding Co), Deposit Agreement (American Equity Investment Life Holding Co)

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Warranty as to Preferred Stock; Opinion. The Corporation hereby represents and warrants that the Preferred Stock, when issued, will be duly authorized, validly issued, fully paid and nonassessable. Such representation and warranty shall survive the deposit of the Preferred Stock and the issuance of the related Receipts. The Depositary shall be permitted to rely on applicable opinions of counsel delivered to the underwriters pursuant to each of Sections 8(g) and (hSection 5(b)(i) of the underwriting agreement dated June 10December 2, 2020 between the Corporation and the representatives of the underwriters named therein relating to the sale of the Depositary Shares to the public.

Appears in 2 contracts

Samples: Deposit Agreement (Selective Insurance Group Inc), Deposit Agreement (Selective Insurance Group Inc)

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Warranty as to Preferred Stock; Opinion. The Corporation hereby represents and warrants that the Preferred Stock, when issued, will be duly authorized, validly issued, fully paid and nonassessable. Such representation and warranty shall survive the deposit of the Preferred Stock and the issuance of the related Receipts. The Depositary shall be permitted to rely on applicable opinions of counsel delivered to the underwriters pursuant to each of Sections 8(g) and (h) of the underwriting agreement dated June 10November 14, 2020 between 2019 among the Corporation and the representatives of the underwriters named therein relating to the sale of the Depositary Shares to the public.

Appears in 2 contracts

Samples: Deposit Agreement (American Equity Investment Life Holding Co), Deposit Agreement (American Equity Investment Life Holding Co)

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