Common use of Capitalization of the Issuer Clause in Contracts

Capitalization of the Issuer. As of the date of this Agreement, the ----------------------------- authorized capital stock of the Issuer consists of ___________ shares of common stock; of which _____________ shares of common stock are issued and outstanding. All issued and outstanding shares of common stock of the Issuer are validly issued, fully paid, and nonassessable; there are no preemptive rights applicable to any common stock of the Issuer, and all outstanding securities of the Issuer have been offered, sold, and delivered by the Issuer in compliance with all applicable federal and state laws.