Common use of Authorization of Transactions Clause in Contracts

Authorization of Transactions. Buyer is natural person or is an entity duly organized and in good standing in the state of its organization and has the requisite power and capacity to execute and deliver the Transaction Documents to which it is a party and to perform Buyer’s obligations hereunder and thereunder. The execution, delivery and performance by Buyer of the applicable Transaction Documents and the consummation of the Transactions have been duly and validly authorized by all requisite action on the part of Buyer. The Transaction Documents to which Buyer is a party have been duly and validly executed and delivered by Buyer. Each Transaction Document to which Buyer is a party constitutes the valid and legally binding obligation of Buyer, enforceable against Buyer in accordance with its terms and conditions, except to the extent enforcement thereof may be limited by applicable bankruptcy, insolvency or other Laws affecting the enforcement of creditors’ rights or by the principles governing the availability of equitable remedies.

Appears in 10 contracts

Sources: Note Purchase Agreement (Credex Corp), Note Purchase Agreement (Credex Corp), Note Purchase Agreement (Credex Corp)

Authorization of Transactions. Buyer is a natural person or is an entity duly organized authorized and in good standing in the state jurisdiction of its organization organization, and has the requisite power and capacity to execute and deliver the Transaction Documents Documents, to which it is a party and to perform Buyer’s its obligations hereunder and thereunder. The execution, delivery and performance by Buyer of the applicable Transaction Documents and the consummation of the Transactions have been duly and validly authorized by all requisite action on the part of Buyer. The Transaction Documents to which Buyer ▇▇▇▇▇ is a party have been duly and validly executed and delivered by Buyer▇▇▇▇▇. Each Transaction Document to which Buyer is a party constitutes the valid and legally binding obligation of Buyer, enforceable against Buyer in accordance with its terms and conditions, except to the extent enforcement thereof may be limited by applicable bankruptcy, insolvency or other Laws affecting the enforcement of creditors’ rights or by the principles governing the availability of equitable remedies.

Appears in 1 contract

Sources: Stock Purchase Agreement (Chilean Cobalt Corp.)

Authorization of Transactions. Buyer is a natural person or is an entity duly organized authorized and in good standing in the state jurisdiction of its organization and has the requisite power and capacity to execute and deliver the Transaction Documents Documents, to which it is a party and to perform Buyer’s its obligations hereunder and thereunder. The execution, delivery and performance by Buyer of the applicable Transaction Documents and the consummation of the Transactions have been duly and validly authorized by all requisite action on the part of Buyer. The Transaction Documents to which Buyer B▇▇▇▇ is a party have been duly and validly executed and delivered by BuyerB▇▇▇▇. Each Transaction Document to which Buyer is a party constitutes the valid and legally binding obligation of Buyer, enforceable against Buyer in accordance with its terms and conditions, except to the extent enforcement thereof may be limited by applicable bankruptcy, insolvency or other Laws affecting the enforcement of creditors’ rights or by the principles governing the availability of equitable remedies.

Appears in 1 contract

Sources: Stock Purchase Agreement (OpenLocker Holdings, Inc.)

Authorization of Transactions. The Buyer is a natural person or is an entity duly organized and in good standing in under the state laws of its the jurisdiction of organization and has the requisite power and capacity to execute and deliver the Transaction Documents to which it is are a party and to perform Buyer’s its obligations hereunder and thereunder. The execution, delivery and performance by Buyer of the applicable Transaction Documents and the consummation of the Transactions have been duly and validly authorized by all requisite action on the part of Buyer. The Transaction Documents to which Buyer B▇▇▇▇ is a party have been duly and validly executed and delivered by BuyerB▇▇▇▇. Each Transaction Document to which Buyer is a party constitutes the valid and legally binding obligation of Buyer, enforceable against Buyer in accordance with its terms and conditions, except to the extent enforcement thereof may be limited by applicable bankruptcy, insolvency or other Laws affecting the enforcement of creditors’ rights or by the principles governing the availability of equitable remedies.

Appears in 1 contract

Sources: Note Purchase Agreement (OpenLocker Holdings, Inc.)

Authorization of Transactions. Buyer is a natural person or is an entity duly organized and in good standing in the state jurisdiction of its organization organization, and has the requisite power and capacity to execute and deliver the Transaction Documents Documents, to which it is a party and to perform Buyer’s its obligations hereunder and thereunder. The execution, delivery and performance by Buyer of the applicable Transaction Documents and the consummation of the Transactions have been duly and validly authorized by all requisite action on the part of Buyer. The Transaction Documents to which Buyer B▇▇▇▇ is a party have been duly and validly executed and delivered by BuyerB▇▇▇▇. Each Transaction Document to which Buyer is a party constitutes the valid and legally binding obligation of Buyer, enforceable against Buyer in accordance with its terms and conditions, except to the extent enforcement thereof may be limited by applicable bankruptcy, insolvency or other Laws affecting the enforcement of creditors’ rights or by the principles governing the availability of equitable remedies.

Appears in 1 contract

Sources: Securities Purchase Agreement (Hycroft Mining Holding Corp)