Common use of Validity of the Shares Clause in Contracts

Validity of the Shares. (a) Upon the issuance to the Investor as contemplated herein, the Shares will have been duly authorized and validly issued without violation of the preemptive rights of any Person and will be fully-paid and nonassessable, free and clear of any Liens.

Validity of the Shares. (a) Upon the issuance to the Investor as contemplated herein, the The Shares will have been duly authorized and, when issued and validly issued without violation of delivered to and paid for by the preemptive rights of any Person and Investor pursuant to this Agreement, will be fully-validly issued, fully paid and nonassessable, and such shares are free and clear of any Lienspreemptive or similar rights.

Validity of the Shares. (a) Upon The Shares are duly authorized, reserved for issuance and will, when issued in accordance with the issuance to the Investor as contemplated hereinterms hereof and thereof, the Shares will have been duly authorized and be validly issued without violation of the preemptive rights of any Person and will be fully-issued, fully paid and nonassessablenon-assessable, free and clear of all Liens and any Lienspre-emptive rights of the shareholders of the Purchaser.

Validity of the Shares. (a) Upon the issuance to the Investor as contemplated hereinInvestors in accordance with the Transaction Documents, the Shares will have been duly authorized and validly issued without violation of the preemptive rights of any Person and will be fully-paid and nonassessable, free and clear of any Liens.

Validity of the Shares. (a) Upon the issuance to the Investor as contemplated hereinin accordance with the Transaction Documents, the Shares Shares, and any PIK Dividend Shares, will have been duly authorized and validly issued without violation of the preemptive rights of any Person and will be fully-paid and nonassessable, free and clear of any Liens.