Common use of Authorization of Issue Clause in Contracts

Authorization of Issue. Prior to the Closing, the Company shall have duly authorized the delivery of the December 2001 Preferred Stock to the Noteholders in connection with the exchange set forth below.

Authorization of Issue. Prior to the Closing, the Company shall have duly authorized the delivery of the December 2001 2002 Preferred Stock to the Noteholders in connection with the exchange set forth below.