Common use of The Private Placement Shares Clause in Contracts

The Private Placement Shares. The Private Placement Shares to be issued and sold by the Company under the Private Placement Share Purchase Agreement have been duly authorized by the Company and, when issued and delivered in the manner set forth in the Private Placement Share Purchase Agreement against payment therefor pursuant to the Private Placement Share Purchase Agreement, will be duly and validly issued and delivered, will constitute valid and legally binding obligations of the Company enforceable against the Company in accordance with their terms, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability, and will conform to the descriptions thereof in the Registration Statement, the Pricing Disclosure Package and the Prospectus.