Common use of Issue of Shares Clause in Contracts

Issue of Shares. All necessary corporate action has been taken to authorize the issue and sale of, and the delivery of certificates representing, the Shares and, (subject to the provisions of Section 2 hereof) upon payment of the Subscription Price, the Shares will be issued as fully paid and non-assessable common shares of the Corporation;

Issue of Shares. All necessary corporate action has been taken to authorize the issue and sale of, and the delivery of evidence of the holding or certificates representing, as applicable, Shares and the Subject Shares and, (subject to the provisions of Section 2 hereof) upon payment of the Subscription Pricerequisite consideration therefor, Shares and the Subject Shares will be validly issued as fully paid and non-assessable common shares of the Corporation;paid.

Issue of Shares. All necessary corporate action has been or will be taken to authorize the issue and sale of, and the delivery of certificates representing, representing the Shares and, (subject to the provisions of Section 2 hereof) upon payment of the Subscription Pricesubscription amount, and the issue thereof, the Shares will be validly issued as fully paid and non-assessable common shares of the Corporationassessable;