Common use of Authorization and Issuance of Securities Clause in Contracts

Authorization and Issuance of Securities. The issuance of the Securities has been duly authorized and, upon delivery to LUK of certificates therefor against payment in accordance with the terms hereof, the Securities will have been validly issued and fully paid and non-assessable, free and clear of all pledges, liens, encumbrances and preemptive rights.

Appears in 5 contracts

Samples: Stock Purchase Agreement (Mk Gold Co), Stock Purchase Agreement (Leucadia National Corp), Stock Purchase Agreement (Leucadia National Corp)

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Authorization and Issuance of Securities. The issuance of the Securities has been duly authorized and, upon delivery to LUK of certificates therefor against payment in accordance with the terms hereof, the Securities will have been validly issued and fully paid and non-assessableasses- sable, free and clear of all pledges, liens, encumbrances and preemptive rights. 4.5.

Appears in 1 contract

Samples: Stock Purchase Agreement (Homefed Corp)

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Authorization and Issuance of Securities. The issuance of the Securities has been duly authorized and, upon delivery to LUK of certificates therefor against payment in accordance with the terms hereof, the Securities will have been validly issued and fully paid and non-assessable, free and clear of all pledges, liens, encumbrances and preemptive rights. 4.5.

Appears in 1 contract

Samples: Stock Purchase Agreement (Homefed Corp)

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