Common use of Requisite Power and Authority Clause in Contracts

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 61 contracts

Sources: Securities Purchase Agreement (American Water Star Inc), Securities Purchase Agreement (Petrol Oil & Gas Inc), Securities Purchase Agreement (Powercold Corp)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 28 contracts

Sources: 25% Convertible Note Purchase Agreement (American Water Star Inc), 10% Convertible Note Purchase Agreement (American Water Star Inc), Securities Purchase Agreement (Socket Communications Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on the Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of the Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 26 contracts

Sources: Note Purchase Agreement (Biovest International Inc), Note and Warrant Purchase Agreement (Biovest International Inc), Securities Purchase Agreement (Accentia Biopharmaceuticals Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 15 contracts

Sources: Securities Purchase Agreement (Nestor Inc), Securities Purchase Agreement (Data Systems & Software Inc), Securities Purchase Agreement (Billserv Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 13 contracts

Sources: Securities Purchase Agreement (Coach Industries Group Inc), Securities Purchase Agreement (Clinical Data Inc), Securities Purchase Agreement (Creative Vistas Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on the Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of the Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 11 contracts

Sources: Securities Purchase Agreement (Pacific Energy Resources LTD), Securities Purchase Agreement (Fortune Diversified Industries Inc), Securities Purchase Agreement (Ams Health Sciences Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , (b) as limited by general principles of equity that restrict the availability of equitable remedies, and legal remedies(c) to the extent that the enforceability of the indemnification provisions of Section 2.9 of the Investor Rights Agreement may be limited by applicable laws.

Appears in 9 contracts

Sources: Series B Preferred Stock Purchase Agreement (Spirent PLC), Series D 3 Convertible Preferred Stock Purchase Agreement (Inphonic Inc), Series D 2 Convertible Preferred Stock Purchase Agreement (Inphonic Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements Transaction Documents and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements Transaction Documents have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements other Transaction Documents will be valid and binding obligations of the Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 8 contracts

Sources: Securities Purchase Agreement (Brainstorm Cell Therapeutics Inc), Securities Purchase Agreement (Brainstorm Cell Therapeutics Inc), Securities Purchase Agreement (Stockeryale Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their respective provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and right and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 7 contracts

Sources: Series D Preferred Stock and Warrant Purchase Agreement (New World Coffee Manhattan Bagel Inc), Series F Preferred Stock and Warrant Purchase Agreement (New World Coffee Manhattan Bagel Inc), Series F Preferred Stock and Warrant Purchase Agreement (Halpern Denny Iii Lp)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 7 contracts

Sources: Securities Purchase Agreement (Electric City Corp), Securities Purchase Agreement (Electric City Corp), Securities Purchase Agreement (Equifin Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 7 contracts

Sources: Securities Purchase Agreement (Paincare Holdings Inc), Securities Purchase Agreement (Transgenomic Inc), Securities Purchase Agreement (Paincare Holdings Inc)

Requisite Power and Authority. The Such Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on such Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of such Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 6 contracts

Sources: Securities Purchase Agreement (New Century Energy Corp.), Securities Purchase Agreement (Pervasip Corp), Securities Purchase Agreement (General Environmental Management, Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 6 contracts

Sources: Securities Purchase Agreement (Ventures National Inc), Securities Purchase Agreement (Pipeline Data Inc), Securities Purchase Agreement (Global Payment Technologies Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , (b) as limited by general principles of equity that restrict the availability of equitable remedies, and legal remedies(c) to the extent that the enforceability of the indemnification provisions of Section 2.9 of the Investor Rights Agreement may be limited by applicable laws.

Appears in 5 contracts

Sources: Series B 1 Preferred Stock Purchase Agreement (Oryx Technology Corp), Series B Preferred Stock Purchase Agreement (Oryx Technology Corp), Stock and Warrant Purchase Agreement (On Stage Entertainment Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Transaction Agreements and to carry out their provisions. All corporate all action on the Purchaser's ’s part required for the lawful execution and delivery of this Agreement the Transaction Agreements has been taken. The Transaction Documents been duly and validly executed and delivered by the Purchaser and the Related Transaction Agreements have been or will be effectively taken prior to the Closing. Upon their are, assuming due authorization, execution and deliverydelivery by the Company, this Agreement and the Related Agreements will be valid and binding obligations of the Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws Laws of general application affecting enforcement of creditors' rights; and , (b) as limited by general principles of equity that restrict the availability of equitable remedies, and legal remedies(c) to the extent that the enforceability of indemnification provisions may be limited by applicable Laws.

Appears in 3 contracts

Sources: Share Subscription Agreement (BeiGene, Ltd.), Share Subscription Agreement (Incyte Corp), Share Subscription Agreement (Merus N.V.)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable governing documents and provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the ClosingClosing Date. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 3 contracts

Sources: Securities Purchase Agreement (Us Farms, Inc.), Securities Purchase Agreement (Us Farms, Inc.), Securities Purchase Agreement (Gamma Pharmaceuticals Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Subscription Agreement and the Related Agreements other agreements required hereunder and to carry out their provisions. All corporate action on Purchaser's ’s part required for the lawful execution and delivery of this Agreement and subscription to the Related Agreements offering have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Subscription Agreement and the Related Agreements other agreements required hereunder will be valid and binding obligations of Purchaser, enforceable in accordance with their respective terms, except: except (ai) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and ’ rights and (bii) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 3 contracts

Sources: Subscription Agreement (Fortune Nickel & Gold Inc), Subscription Agreement (Fortune Nickel & Gold Inc), Subscription Agreement (Sparx Holdings Group, Inc.)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the each Related Agreements Agreement and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the each Related Agreements Agreement have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements Agreement will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , (b) as limited by general principles of equity that restrict the availability of equitable remedies, and legal remedies(c) to the extent that the enforceability of the indemnification provisions of Sections 2.9 and 2.15 of the Investor Rights Agreement may be limited by applicable laws.

Appears in 2 contracts

Sources: Series D Preferred Stock Purchase Agreement (Landa Management Systems Corp), Series D Preferred Stock Purchase Agreement (Landacorp Inc)

Requisite Power and Authority. The Purchaser has all necessary corporate power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on the Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of the Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , (b) as limited by general principles of equity that restrict the availability of equitable remedies, and legal remedies(c) to the extent that the enforceability of the indemnification provisions of Section 6.4 of the Stockholders Agreement may be limited by applicable laws.

Appears in 2 contracts

Sources: Investment Agreement (America Online Inc), Investment Agreement (Tivo Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Implant Sciences Corp), Securities Purchase Agreement (Implant Sciences Corp)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisionsthe provisions thereof. All corporate action on Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have has been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Axesstel Inc), Securities Purchase Agreement (Axesstel Inc)

Requisite Power and Authority. The Such Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on such Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have has been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of such Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Host America Corp), Securities Purchase Agreement (Greens Worldwide Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on the Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have has been taken or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of the Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Applied Digital Solutions Inc), Securities Purchase Agreement (Applied Digital Solutions Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , (b) as limited by general principles of equity that restrict the availability of equitable remedies, and legal remedies(c) to the extent that the enforceability of the indemnification provisions of Section 2.9 of the Investor Rights Agreement may be limited by applicable laws.

Appears in 2 contracts

Sources: Series B Preferred Stock Purchase Agreement, Series D 4 Convertible Preferred Stock and Warrant Purchase Agreement (Inphonic Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: (ai) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (bii) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Note Purchase Agreement (Island Pacific Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Option Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Option Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Option Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , (b) as limited by general principles of equity that restrict the availability of equitable remedies, and legal remedies.(c) to the extent that the enforceability of the indemnification provisions of Section 6 of the Option Agreements may be limited by applicable laws

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Cumetrix Data Systems Corp)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on the Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of the Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Securities Purchase Agreement (Vertex Interactive Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements Registration Rights Agreement and to carry out their provisions. All corporate action on Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements Registration Rights Agreement have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements Registration Rights Agreement will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general general‌ application affecting enforcement of creditors' rights; and , (b) as limited by general principles of equity that restrict the availability of equitable remedies, and legal remedies(c) to the extent that the enforceability of the indemnification provisions of Section 1.8 of the Registration Rights Agreement may be limited by applicable laws.

Appears in 1 contract

Sources: 8% Series C Convertible Preferred Stock Purchase Agreement

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements Investor Rights Agreement and to carry out their provisions. All corporate action on Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements Investor Rights Agreement have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements Investor Rights Agreement will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , (b) as limited by general principles of equity that restrict the availability of equitable remedies, and legal remedies(c) to the extent that the enforceability of the indemnification provisions of Section 2.9 of the Investor Rights Agreement may be limited by applicable laws.

Appears in 1 contract

Sources: Series a Preferred Stock Purchase Agreement

Requisite Power and Authority. The Purchaser has all necessary corporate or partnership power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , (b) as limited by general principles of equity that restrict the availability of equitable remedies, and legal remedies(c) to the extent that the enforceability of the indemnification provisions of Section 2.9 of the Investor Rights Agreement may be limited by applicable laws.

Appears in 1 contract

Sources: Series B Preferred Stock Purchase Agreement (Ask Jeeves Inc)

Requisite Power and Authority. The Requisite Power and Authority" \l 2. Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Securities Purchase Agreement (Metropolitan Health Networks Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements Investor Rights Agreement and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements Investor Rights Agreement have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements Investor Rights Agreement will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and sights, (b) as limited by general principles of equity that That restrict the The availability of equitable remedies, and legal remedies.(c) to the extent that the enforceability of the indemnification provisions of Section 2.9 of The Investor Rights Agreement may be limited by applicable laws,

Appears in 1 contract

Sources: Series a Preferred Stock and Series B Preferred Stock Purchase Agreement (Snowball Com Inc)

Requisite Power and Authority. The Such Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on such Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have has been taken or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of such Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Securities Purchase Agreement (Applied Digital Solutions Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , (b) as limited by general principles of equity that restrict the availability of equitable remedies, and legal remedies(c) to the extent that the enforceability of the indemnification provisions of Section 2.10 of the Investor Rights Agreement may be limited by applicable laws.

Appears in 1 contract

Sources: Series E Convertible Preferred Stock and Warrant Purchase Agreement (Inphonic Inc)

Requisite Power and Authority. The Purchaser Purchasers has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of PurchaserPurchasers, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Securities Purchase Agreement (Epixtar Corp)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements Transaction Documents and to carry out their provisions. All corporate action on Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements Transaction Documents have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements other Transaction Documents will be valid and binding obligations of the Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Securities Purchase Agreement (Invivo Therapeutics Holdings Corp.)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action actions on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and rights and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Series D Preferred Stock Purchase Agreement (Elitra Pharmaceuticals Inc)

Requisite Power and Authority. The Each Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their its provisions. All corporate action actions on each Purchaser's part required for the lawful execution and delivery of this Warrant Agreement and the Related Agreements have has been or will be effectively taken prior to the Closing. Upon their execution and deliverydelivery of this Warrant Agreement, this Warrant Agreement and the Related Agreements will be a valid and binding obligations obligation of each Purchaser, enforceable in accordance with their its terms, except: except (ai) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and rights and (bii) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Warrant Purchase Agreement (Vanguard Airlines Inc \De\)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements Note and to carry out their provisions. All corporate action on the Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements Note have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements Note will be valid and binding obligations of the Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Note Purchase Agreement (Universal Insurance Holdings Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their its provisions. All corporate action actions on the Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their its execution and delivery, this Agreement and the Related Agreements will be a valid and binding obligations obligation of the Purchaser, enforceable against the Purchaser in accordance with their its terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , (b) as limited by general principles of equity that restrict the availability of equitable remedies, and legal remedies(c) to the extent that the enforceability of any indemnification provisions herein may be limited by applicable laws.

Appears in 1 contract

Sources: Collaborative Research and License Agreement (Axys Pharmecueticals Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of the Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Senior Secured Note Purchase Agreement (Proelite, Inc.)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on the Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of the Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and; (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies; and (c) as limited by Regulation FD, under the federal securities laws.

Appears in 1 contract

Sources: Securities Purchase Agreement (Earthfirst Technologies Inc)

Requisite Power and Authority. The Each Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements Investment Documents to which it is a party and to carry out their provisionsthe provisions contained therein. All corporate action actions on each Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their its execution and delivery, this Agreement and the Related Agreements will be a valid and binding obligations obligation of each Purchaser, enforceable in accordance with their its terms, except: (a) except as limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , and (bii) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Series C Convertible Preferred Stock Purchase Agreement (Sento Corp)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except:: 11 (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Securities Purchase Agreement (Bam Entertainment Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , (b) as limited by general principles of equity that restrict the availability of equitable remedies, and legal remedies(c) to the extent that the enforceability of the indemnification provisions of Section 5 of the Registration Rights Agreement may be limited by applicable laws.

Appears in 1 contract

Sources: Series B Preferred Stock Purchase Agreement (Advanced Machine Vision Corp)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on the Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of the Purchaser, enforceable in accordance with their terms, except: (a) i. as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) ii. as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Registration Rights Agreement (Miscor Group, Ltd.)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on the Purchaser's ’s part required for the lawful execution execution, delivery and delivery performance of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of the Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Securities Purchase Agreement (Standard Management Corp)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate company action on the Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of the Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Securities Purchase Agreement (Path 1 Network Technologies Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have has been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Purchase Agreement (Positron Corp)

Requisite Power and Authority. The Purchaser has all -------------------------------- necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Securities Purchase Agreement (Sequiam Corp)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisionsthe provisions hereof and thereof. All corporate action on Purchaser's part required necessary for the lawful authorization, execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closingtaken. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , and (b) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Securities Purchase Agreement (Perceptronics Inc)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements New Company Agreement and to carry out their provisions. All corporate action on Purchaser's ’s part required for the lawful execution and delivery of this Agreement and the Related Agreements New Company Agreement have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements New Company Agreement will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: except (ai) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and , (bii) as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Membership Interest Purchase Agreement (GolfSuites 1, Inc.)

Requisite Power and Authority. The Purchaser has all necessary power and authority under all applicable provisions of law to execute and deliver this Agreement and the Related Agreements and to carry out their provisions. All corporate action on Purchaser's part required for the lawful execution and delivery of this Agreement and the Related Agreements have been or will be effectively taken prior to the Closing. Upon their execution and delivery, this Agreement and the Related Agreements will be valid and binding obligations of Purchaser, enforceable in accordance with their terms, except: (a) : as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights; and (b) and as limited by general principles of equity that restrict the availability of equitable and legal remedies.

Appears in 1 contract

Sources: Securities Purchase Agreement (Epixtar Corp)