Common use of Validly Issued Securities Clause in Contracts

Validly Issued Securities. (i) The Offered Shares have been duly authorized for issuance and, upon issuance thereof in accordance with this Underwriting Agreement, the Offered Shares will be validly issued as fully paid and non-assessable Common Shares, and all statements made in the Offering Documents describing the Offered Shares (including their attributes) are accurate in all material respects; (ii) the Option has been duly authorized for grant; and (iii) the Offered Shares and the Option have not and will not have been issued or granted in violation of any pre-emptive rights or contractual rights to purchase securities issued by the Company;