Common use of Shares of Stock Clause in Contracts

Shares of Stock. (a) All of the issued and outstanding shares of capital stock of the Borrower and its Subsidiaries are duly authorized and duly and validly issued, fully paid and nonassessable, have been issued in compliance with all federal and state and foreign securities laws and were not issued in violation of or subject to any preemptive rights or other rights to subscribe for or purchase securities that have not been waived in writing.

Shares of Stock. (a) All of the issued and outstanding shares of capital stock Stock of the Borrower and its Subsidiaries are duly authorized and duly and validly issuedissued and authorized, are fully paid and nonassessable, have been issued in compliance with all applicable federal and state and foreign securities laws laws, and were are not issued in violation of or subject to any preemptive rights or other rights to subscribe for or purchase securities that have not been waived in writingsimilar rights.

Shares of Stock. (a) All of the issued and outstanding shares of capital stock of the Borrower and its Subsidiaries are duly authorized and duly and validly issued, fully paid and nonassessablenon-assessable, have been issued in compliance with all federal and state and foreign securities laws and were not issued in violation of or subject to any preemptive rights or other rights to subscribe for or purchase securities that have not been waived in writing.

Shares of Stock. (a) All of the issued and outstanding shares of capital stock of the Borrower and its Subsidiaries are duly authorized and duly and validly issued, fully paid and nonassessablenon-assessable, have been issued in compliance with all federal and state and foreign securities laws and were not issued in violation of or subject to any preemptive rights or other rights to subscribe for or purchase securities that have not been waived in writing.