Subscribed Shares. The Subscribed Common Shares have been duly authorized and upon the issuance of the Subscribed Common Shares pursuant to Section 1.A at a price that is in excess of the net asset value per Common Share, the Subscribed Common Shares will be validly issued, fully paid and non-assessable.
Appears in 2 contracts
Sources: Common Shares Subscription Agreement (Pershing Square USA, Ltd.), Common Shares Subscription Agreement (Pershing Square USA, Ltd.)