Common use of Valid Issuance of Exchange Shares Clause in Contracts

Valid Issuance of Exchange Shares. The Exchange Shares have been duly authorized by all necessary trust action of the Company. When issued and sold against receipt of the consideration therefor, the Exchange Shares will be validly issued, fully paid and nonassessable.

Valid Issuance of Exchange Shares. The Exchange Shares have been duly and validly authorized by all necessary trust action of and, when issued, sold and delivered in accordance with the Company. When issued and sold against receipt of terms hereof for the consideration thereforexpressed herein, the Exchange Shares will be validly issued, fully paid and nonassessablenon-assessable.

Valid Issuance of Exchange Shares. The Exchange Shares have been duly authorized by all necessary trust action of corporate action. As issued in accordance with the Company. When issued and sold against receipt of the consideration thereforterms hereof, the Exchange Shares will be are validly issued, fully paid and nonassessable.