Power to execute this Agreement Sample Clauses
The "Power to execute this Agreement" clause affirms that each party entering into the agreement has the legal authority and capacity to do so. In practice, this means that the individuals signing on behalf of a company or organization are duly authorized, and that the entity itself is validly existing and empowered to enter into binding contracts. This clause helps prevent disputes over the validity of the agreement by ensuring that all parties have the requisite power to commit to its terms, thereby safeguarding the enforceability of the contract.
Power to execute this Agreement. (a) The Investor has the right, power and authority, and has taken or will take all action necessary, to validly execute, deliver and exercise its rights and perform its obligation under this Agreement;
(b) Other than those set out in this Agreement, no other consent, approval, authorization or other order of any court, regulatory body, administrative agency or other order of any other governmental body is required for the execution and delivery by the Investor of this Agreement or the performance by the Investor of the transactions contemplated under this Agreement;
(c) This Agreement is a valid and binding obligation of the Investor and is enforceable against the Investor in accordance with its terms;
(d) The execution, delivery and performance of this Agreement will not violate any judgment, order or decree to which the Investor is subject and will not be inconsistent with any constitutional documents or contracts to which the Investor is a party to or otherwise binding on the Investor; and
(e) There is no action, proceeding, claim or investigation pending against the Investor before any court or administrative authority, which, if determined against the Investor, may reasonably be expected to have a material adverse effect on the Investor’s ability to perform the obligations hereunder.
Power to execute this Agreement. (a) The Existing Shareholder and Company have the right, power and authority, and has taken or will take all action necessary, to validly execute, deliver and exercise its right, and perform its obligations under this Agreement;
(b) Other than those set out in this Agreement, no other consent, approval, authorization or other order of any court, regulatory body, administrative agency or other order of any other governmental body is required for the execution and delivery by the Existing Shareholder and the Company of this Agreement or the performance by the Existing Shareholder and the Company of the transactions contemplated under this Agreement;
(c) This Agreement is a valid and binding obligation of the Existing Shareholder and the Company and after fulfillment of the conditions precedent is enforceable against the Existing Shareholder and the Company in accordance with its terms;
(d) The execution, delivery and performance of this Agreement will not violate any judgment, order or decree to which the Existing Shareholder and the Company is subject and save as otherwise disclosed, will not be inconsistent with any constitutional documents or contracts to which the Existing Shareholder and/or the Company is a party to or otherwise binding on the Existing Shareholder and/or the Company; and
(e) There is no action, proceeding, claim or investigation pending against the Existing Shareholder and/or the Company before any court or administrative authority, which, if determined against the Existing Shareholder and/or the Company, may reasonably be expected to have a material adverse effect on the Existing Shareholder and the Company’s ability to perform the obligations hereunder.
1. Subscription Price and par value
Power to execute this Agreement. (a) The Investors have the right, power and authority, and have taken or will take all action necessary, to validly execute, deliver and exercise its right, and perform its obligations under this Agreement;
(b) Other than those set out in this Agreement, no other consent, approval, authorization or other order of any court, regulatory body, administrative agency or other order of any other governmental body is required for the execution and delivery by the Investors of this Agreement or the performance by the Investors of the transactions contemplated under this Agreement;
(c) This Agreement is a valid and binding obligation of the Investors and is enforceable against the Investors in accordance with its terms;
(d) The execution, delivery and performance of this Agreement will not violate any judgment, order or decree to which the Investors are subject and will not be inconsistent with any constitutional documents or contracts to which the Investors are a party to or otherwise binding on the Investors; and
(e) There is no action, proceeding, claim or investigation pending against the Investors before any court or administrative authority, which, if determined against the Investors, may reasonably be expected to have a material adverse effect on the Investors’ ability to perform the obligations hereunder.
Power to execute this Agreement. 1.1 He has the legal right and full power and authority to enter into and perform this Agreement, which when executed will constitute valid and binding obligations on him, in accordance with the terms of this Agreement.
1.2 The execution and delivery of, and the performance of his/her obligations under this Agreement do not violate, or exceed any power or restriction granted or imposed by:
(a) any Applicable Laws; and/or
(b) any Contract to which he is a party or which is binding on him/her or on his/her assets or undertakings.
1.3 Immediately prior to Completion, he will have validly obtained all necessary approvals, consents, permissions, waivers or exemptions (as the case may be) under any Contract binding on him or his assets, and/or any Applicable Laws required for him/her to enter into the Transaction Documents which he is a party to, and to perform the Transactions thereunder, and such necessary approvals, consents, permissions, waivers or exemptions (as the case may be) are in full force and effect and have not been amended, suspended, revoked or terminated.
Power to execute this Agreement. 1.1 It has the legal right and full power and authority to enter into and perform this Agreement, which when executed will constitute valid and binding obligations on him, in accordance with the terms of this Agreement.
1.2 Its execution and delivery of, and the performance of its obligations under this Agreement do not violate, or exceed any power or restriction granted or imposed by: