Due Issuance. The Series B Preferred Stock to be delivered to Parent at the Closing has been duly authorized and will be, when issued to Parent in accordance with the terms hereof, validly issued, fully paid and nonassessable.
Appears in 3 contracts
Sources: Backstop Agreement (Signature Group Holdings, Inc.), Backstop Agreement (Aleris Corp), Backstop Agreement (Signature Group Holdings, Inc.)