Authorization of the Private Placement Units Sample Clauses

The "Authorization of the Private Placement Units" clause formally grants approval for the issuance and sale of private placement units, typically in connection with a securities offering. This clause outlines the board or relevant authority's consent to create and distribute these units, which may consist of shares, warrants, or other securities, to select investors rather than the general public. By establishing clear authorization, the clause ensures that the issuance is legally valid and compliant with corporate governance requirements, thereby reducing the risk of disputes or regulatory issues related to the offering.
Authorization of the Private Placement Units. The Company has duly authorized the issuance and sale of the Private Placement Units to the Purchaser.
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Authorization of the Private Placement Units. The Private Placement Units have been duly authorized by the Company and, when issued and delivered in the manner set forth in the Private Placement Units Purchase Agreement against payment therefor, will be duly issued and delivered, and will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.
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Related to Authorization of the Private Placement Units

  • Authorization Purchase and Sale Terms of the Private Placement Units A. Authorization of the Private Placement Units. The Company has duly authorized the issuance and sale of the Private Placement Units, including the Shares and Private Placement Warrants underlying the Private Placement Units, to the Purchaser.

  • 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.