Common use of Due Authorization, Valid Issuance and Non-Assessiblity of Shares Clause in Contracts

Due Authorization, Valid Issuance and Non-Assessiblity of Shares. The Offered Shares to be issued and sold by the Company to the Underwriters hereunder have been duly authorized, and upon payment and delivery in accordance with this Agreement, will be validly issued, fully paid and non-assessable, will conform in all material respects to the description thereof contained in the Registration Statement, the Time of Sale Prospectus and the Prospectus, will be issued in compliance with federal and state securities laws and will be free of statutory and contractual preemptive rights, rights of first refusal and similar rights.

Due Authorization, Valid Issuance and Non-Assessiblity of Shares. The Offered Except as disclosed in the Registration Statement or the Prospectus, the Shares to be issued and sold by the Company to the Underwriters Agent hereunder have been duly authorizedauthorized and, and upon payment and delivery in accordance with this Agreement, will be validly issued, fully paid and non-assessable, will conform in all material respects to the description thereof contained in the Registration Statement, the Time of Sale Prospectus Statement and the Prospectus, will be issued in compliance with federal and state securities laws and will be free of statutory and contractual preemptive rights, rights of first refusal and similar rights.