Common use of Status of Common Stock Clause in Contracts

Status of Common Stock. The Common Stock, when issued and allotted at the Closing in exchange for Es3 Shares, will be duly authorized, validly issued, fully paid, nonassessable, and free of any preemptive rights, will be issued in compliance with all applicable laws concerning the issuance of securities, and will have the rights, preferences, privileges, and restrictions set forth in NHT's charter and bylaws, and will be free and clear of any Liens of any kind and duly registered in the name of the Sellers, in NHT's stockholders ledger.