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.
View SourceView Similar (266)
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.
View SourceView Similar (10)

Related to Authorization of the Private Placement Units

  • Authorization of the Private Placement Warrants The Company has duly authorized the issuance and sale of the Private Placement Warrants to the Purchaser.

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

  • Terms of the Private Placement Warrants (i) The Private Placement Warrants shall have their terms set forth in a Warrant Agreement to be entered into by the Company and a warrant agent, in connection with the Public Offering (a “Warrant Agreement”). (ii) At or prior to the time of the Initial Closing Date, the Company and the Purchaser shall enter into a registration rights agreement (the “Registration Rights Agreement”) pursuant to which the Company will grant certain registration rights to the Purchaser relating to the Private Placement Warrants and the Shares underlying the Private Placement Warrants.