Common use of Authorization of Issuance Clause in Contracts

Authorization of Issuance. The Shares have been duly authorized for issuance and, when issued and delivered by the Company in accordance with the provisions of this Agreement, will be validly issued, fully paid, and nonassessable. The issuance of the Shares is not subject to any preemptive or similar rights.

Authorization of Issuance. The Shares have been duly authorized for issuance and, when issued and delivered by the Company in accordance with the provisions terms of this Agreement, will be validly issued, fully paidpaid and non-assessable, and nonassessable. The the issuance of the such Shares is will not be subject to any preemptive or similar rights.

Authorization of Issuance. The Shares have been duly authorized for issuance and sale pursuant to this Agreement and, when issued and delivered by the Company in accordance with the provisions terms of this AgreementAgreement against payment of the consideration set forth herein, will be validly issued, fully paidpaid and non‑assessable, and nonassessable. The the issuance of the such Shares is will not be subject to any preemptive or other similar rightsrights of any securityholder of the Company.