Common use of Issuance of Exchange Securities Clause in Contracts

Issuance of Exchange Securities. The issuance of the Exchange Securities is duly authorized. Upon issuance in accordance with the terms of the Exchange Documents, the Preferred Shares and the Warrants shall be validly issued, fully paid and non-assessable and free from all taxes, liens, charges and other encumbrances with respect to the issue thereof. Upon issuance in accordance with the terms of the Exchange Documents, the Common Shares will be validly issued, fully paid and nonassessable and free from all preemptive or similar rights, taxes, liens, charges and other encumbrances with respect to the issue thereof, with the holders being entitled to all rights accorded to a holder of Common Stock. Upon issuance in accordance with the Exchange Securities, the Underlying Securities will be validly issued, fully paid and nonassessable and free from all preemptive or similar rights, taxes, liens, charges and other encumbrances with respect to the issue thereof (other than those that may be imposed by applicable securities laws), with the holders being entitled to all rights accorded to a holder of Common Stock.

Issuance of Exchange Securities. The issuance of the Exchange Securities is duly authorized. Upon issuance in accordance with the terms of the Exchange Documents, the Preferred Shares and the Warrants shall be validly issued, fully paid and non-assessable and free from all taxes, liens, charges and other encumbrances with respect to the issue thereof. Upon issuance in accordance with the terms of the Exchange Documents, the Common Shares will be validly issued, fully paid and nonassessable and free from all preemptive or similar rights, taxes, liens, charges and other encumbrances with respect to the issue thereof, with the holders being entitled to all rights accorded to a holder of Common Stock. Upon issuance in accordance with the Exchange Securities, the Underlying Securities will be validly issued, fully paid and nonassessable and free from all preemptive or similar rights, taxes, liens, charges and other encumbrances with respect to the issue thereof (other than those that may be imposed by applicable securities laws), with the holders being entitled to all rights accorded to a holder of Common Stock.

Issuance of Exchange Securities. The issuance of the Exchange Securities Warrant is duly authorized. Upon authorized and upon issuance in accordance with the terms of the Exchange Documents, the Preferred Shares and the Warrants Documents shall be validly issued, fully paid and non-assessable and free from all taxes, liens, charges and other encumbrances with respect to the issue thereof. Upon The issuance of the Exchange Shares is duly authorized and upon issuance in accordance with the terms of the Exchange Documents, the Common Shares Documents will be validly issued, fully paid and nonassessable and free from all preemptive or similar rights, taxes, liens, charges and other encumbrances with respect to the issue thereof, with the holders being entitled to all rights accorded to a holder of Common Stock. Upon issuance in accordance with the Exchange SecuritiesWarrant, the Underlying Securities Exchange Warrant Shares, respectively, will be validly issued, fully paid and nonassessable and free from all preemptive or similar rights, taxes, liens, charges and other encumbrances with respect to the issue thereof (other than those that may be imposed by applicable securities laws)thereof, with the holders being entitled to all rights accorded to a holder of Common Stock.