Authorization of Underwriting Agreement Clause Samples
The Authorization of Underwriting Agreement clause formally grants permission for a company or its representatives to enter into an underwriting agreement, typically in connection with the issuance of securities. This clause specifies who within the organization has the authority to negotiate, execute, and deliver the underwriting agreement on behalf of the company, and may outline any conditions or approvals required before such authorization is effective. Its core practical function is to ensure that the underwriting process is properly authorized and that all parties involved have clear legal authority, thereby reducing the risk of unauthorized commitments and ensuring compliance with corporate governance requirements.
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Authorization of Underwriting Agreement. This Agreement has been duly authorized, executed and delivered by the Operating Partnership and, assuming due authorization, execution and delivery by or on behalf of the Underwriters, shall constitute a valid and legally binding agreement of the Operating Partnership, enforceable against the Operating Partnership in accordance with its terms except (a) to the extent that enforceability thereof may be limited by (i) bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar laws now or hereafter in effect relating to creditors’ rights generally and (ii) general principles of equity (regardless of whether considered at law or in equity); and (b) to the extent that rights to indemnification and contribution contained in this Agreement may be limited by state or federal securities laws or public policy.
Authorization of Underwriting Agreement. This Agreement has been duly authorized, executed and delivered by each of the Transaction Entities and is enforceable against each Transaction Entity in accordance with the applicable terms contained herein.
Authorization of Underwriting Agreement. This Agreement has been duly authorized, executed and delivered by each of the Partnership Parties.
Authorization of Underwriting Agreement. This Agreement has been duly authorized, executed and delivered by the Company.
Authorization of Underwriting Agreement. This Agreement has been duly authorized and validly executed and delivered by the Selling Unitholder.
Authorization of Underwriting Agreement. This Agreement has been duly authorized by the Trust and validly executed and delivered by the Trust.
Authorization of Underwriting Agreement. This Agreement has been duly authorized and validly executed and delivered by each of the Abraxas Parties.
Authorization of Underwriting Agreement. The Deposit Agreement has been duly authorized, executed and delivered by the Depositary and constitutes a valid and binding agreement of the Depositary enforceable against the Depositary in accordance with its terms, except as enforcement of it may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws of general application relating to or affecting creditors’ rights and by general principles of equity.
Authorization of Underwriting Agreement. This Agreement has been duly authorized, executed and delivered by the Company and the Operating Partnership and, assuming due authorization, execution and delivery by or on behalf of the Underwriters, shall constitute a valid and legally binding agreement of the Company and the Operating Partnership, enforceable against the Company and the Operating Partnership in accordance with its terms except (a) to the extent that enforceability thereof may be limited by (i) bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar laws now or hereafter in effect relating to creditors’ rights generally and (ii) general principles of equity (regardless of whether considered at law or in equity); and (b) to the extent that rights to indemnification and contribution contained in this Agreement may be limited by state or federal securities laws or public policy.
Authorization of Underwriting Agreement. This Agreement has been duly authorized and validly executed and delivered by each of the Suburban Parties.