Authorization of the Private Placement Securities Clause Samples

The 'Authorization of the Private Placement Securities' clause establishes that the issuer has obtained all necessary approvals and authority to issue the securities being offered in a private placement. This typically means that the company's board of directors has passed resolutions authorizing the issuance, and any required consents from shareholders or regulatory bodies have been secured. By including this clause, the agreement ensures that the securities are validly issued and enforceable, thereby protecting investors from legal or procedural defects that could undermine their rights.
Authorization of the Private Placement Securities. The Company has duly authorized the issuance and sale of the Private Placement Units, including the Private Placement Shares and the Private Placement Warrants included in the Private Placement Units, and, subject to proper exercise of the Private Placement Warrants and against payment therefor, the Shares underlying such Private Placement Warrants, to the Purchaser.
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Related to Authorization of the Private Placement Securities

  • Authorization of the Placement Shares The Placement Shares, when issued and paid for as contemplated herein, will be validly issued, fully paid and nonassessable, will be issued in compliance with all applicable securities laws, and will be free of preemptive, registration or similar rights, and will conform to the description of the Common Stock contained in the Registration Statement and the Prospectus.