Common use of Organization; Due Authorization Clause in Contracts

Organization; Due Authorization. If such Supporting Party is not an individual, it is duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby are within such Supporting Party’s corporate, limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited liability company or organizational actions on the part of such Supporting Party. If such Supporting Party is an individual, such Supporting Party has full legal capacity, right and authority to execute and deliver this Agreement and to perform his or her obligations hereunder. This Agreement has been duly executed and delivered by such Supporting Party and, assuming due authorization, execution and delivery by the other parties to this Agreement, this Agreement constitutes a legally valid and binding obligation of such Supporting Party, enforceable against such Supporting Party in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies). If this Agreement is being executed in a representative or fiduciary capacity, the Person signing this Agreement has full power and authority to enter into this Agreement on behalf of the applicable Supporting Party.

Appears in 2 contracts

Sources: Sponsor Support Agreement (Mountain & Co. I Acquisition Corp.), Sponsor Support Agreement (Mountain & Co. I Acquisition Corp.)

Organization; Due Authorization. If such Supporting Sponsor Party is not an individual, it is duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Agreement Deed and the consummation of the transactions contemplated hereby are within such Supporting Sponsor Party’s corporate, limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited liability company or organizational actions on the part of such Supporting Sponsor Party. If such Supporting Sponsor Party is an individual, such Supporting Sponsor Party has full legal capacity, right and authority to execute and deliver this Agreement Deed and to perform his or her obligations hereunder. This Agreement Deed has been duly executed and delivered by such Supporting Sponsor Party and, assuming due authorization, execution and delivery by the other parties to this AgreementDeed, this Agreement Deed constitutes a legally valid and binding obligation of such Supporting Sponsor Party, enforceable against such Supporting Sponsor Party in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies). If this Agreement Deed is being executed in a representative or fiduciary capacity, the Person signing this Agreement Deed has full power and authority to enter into this Agreement Deed on behalf of the applicable Supporting Sponsor Party.

Appears in 2 contracts

Sources: Sponsor Support Deed (Lanvin Group Holdings LTD), Sponsor Support Deed (Primavera Capital Acquisition Corp.)

Organization; Due Authorization. If such Supporting Sponsor Party is not an individual, it is duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Agreement Side Letter and the consummation of the transactions contemplated hereby are within such Supporting Sponsor Party’s corporate, limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited liability company or organizational actions on the part of such Supporting Sponsor Party. If such Supporting Sponsor Party is an individual, such Supporting Sponsor Party has full legal capacity, right and authority to execute and deliver this Agreement Side Letter and to perform his or her obligations hereunder. This Agreement Side Letter has been duly executed and delivered by such Supporting Sponsor Party and, assuming due authorization, execution and delivery by the other parties to this AgreementSide Letter, this Agreement Side Letter constitutes a legally valid and binding obligation of such Supporting Sponsor Party, enforceable against such Supporting Sponsor Party in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies). If this Agreement Side Letter is being executed in a representative or fiduciary capacity, the Person signing this Agreement Side Letter has full power and authority to enter into this Agreement Side Letter on behalf of the applicable Supporting Sponsor Party.

Appears in 1 contract

Sources: Sponsor Side Letter (Twin Ridge Capital Acquisition Corp.)

Organization; Due Authorization. If such Supporting Party is not an individual, it is duly organized, validly existing and in good standing under the Laws laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby are within such Supporting Party’s corporate, limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited liability company or organizational actions on the part of such Supporting Party. If such Supporting Party is an individual, such Supporting Party has full legal capacity, right and authority to execute and deliver this Agreement and to perform his or her obligations hereunder. This Agreement has been duly executed and delivered by such Supporting Party and, assuming due authorization, execution and delivery by the other parties to this Agreement, this Agreement constitutes a legally valid and binding obligation of such Supporting Party, enforceable against such Supporting Party in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Lawsapplicable bankruptcy, other insolvency, fraudulent conveyance, reorganization, moratorium and similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies). If this Agreement is being executed in a representative or fiduciary capacity, the Person signing this Agreement has full power and authority to enter into this Agreement on behalf of the applicable Supporting Party.

Appears in 1 contract

Sources: Transaction Support Agreement (Leisure Acquisition Corp.)

Organization; Due Authorization. If such Supporting Sponsor Party is not an individual, it is duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Support Agreement and the consummation of the transactions contemplated hereby are within such Supporting Sponsor Party’s corporate, limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited liability company or organizational actions on the part of such Supporting Sponsor Party. If such Supporting Sponsor Party is an individual, such Supporting Sponsor Party has full legal capacity, right and authority to execute and deliver this Support Agreement and to perform his or her obligations hereunder. This Support Agreement has been duly executed and delivered by such Supporting Sponsor Party and, assuming due authorization, execution and delivery by the other parties to this Support Agreement, this Support Agreement constitutes a legally valid and binding obligation of such Supporting Sponsor Party, enforceable against such Supporting Sponsor Party in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies). If this Support Agreement is being executed in a representative or fiduciary capacity, the Person signing this Support Agreement has full power and authority to enter into this Support Agreement on behalf of the applicable Supporting Sponsor Party.

Appears in 1 contract

Sources: Sponsor Support Agreement (Maxpro Capital Acquisition Corp.)

Organization; Due Authorization. If such Supporting Securityholder Party is not an individual, it is duly organized, validly existing and in good standing under the Laws laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby are within such Supporting Securityholder Party’s corporate, limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited liability company or organizational actions on the part of such Supporting Securityholder Party. If such Supporting Securityholder Party is an individual, such Supporting Securityholder Party has full legal capacity, right and authority to execute and deliver this Agreement and to perform his or her obligations hereunder. This Agreement has been duly executed and delivered by such Supporting Securityholder Party and, assuming due authorization, execution and delivery by the other parties to this Agreement, this Agreement constitutes a legally valid and binding obligation of such Supporting Securityholder Party, enforceable against such Supporting Securityholder Party in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Lawslaws, other similar Laws laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies). If this Agreement is being executed in a representative or fiduciary capacity, the Person signing this Agreement has full power and authority to enter into this Agreement on behalf of the applicable Supporting Securityholder Party.

Appears in 1 contract

Sources: Merger Agreement (Quantum Computing Inc.)

Organization; Due Authorization. If such Supporting Stockholder Party is not an individual, it is duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby are within such Supporting Stockholder Party’s corporate, limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited liability company or organizational actions on the part of such Supporting Stockholder Party. If such Supporting Stockholder Party is an individual, such Supporting Stockholder Party has full legal capacity, right and authority to execute and deliver this Agreement and to perform his or her obligations hereunder. This Agreement has been duly executed and delivered by such Supporting Stockholder Party and, assuming due authorization, execution and delivery by the other parties to this Agreement, this Agreement constitutes a legally valid and binding obligation of such Supporting Stockholder Party, enforceable against such Supporting Stockholder Party in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies). If this Agreement is being executed in a representative or fiduciary capacity, the Person signing this Agreement has full power and authority to enter into this Agreement on behalf of the applicable Supporting such Stockholder Party.

Appears in 1 contract

Sources: Stockholder Support Agreement (Outbrain Inc.)