Issuance of the New Notes. The New Notes are duly authorized and, when issued and paid for in accordance with the applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer provided for in the Transaction Documents.
Appears in 3 contracts
Sources: Purchase Agreement (Tower Semiconductor LTD), Exchange Agreement (Tower Semiconductor LTD), Exchange Agreement (Jazz Technologies, Inc.)