Common use of 2Authorization Clause in Contracts

2Authorization. The Seller has all requisite corporate power and authority to execute, deliver and perform its obligations under this Agreement. The execution, delivery and performance of this Agreement, and the consummation of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of the Seller.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Zenas BioPharma, Inc.), Royalty Purchase Agreement (XOMA Corp)

2Authorization. The Seller has all the requisite corporate power and authority to execute, deliver and perform its obligations under this Agreementthe Transaction Documents and to consummate the transactions contemplated thereby. The execution, delivery and performance of this Agreementthe Transaction Documents, and the consummation of the transactions contemplated herebythereby, have been duly authorized by all necessary corporate action on the part of the Seller.

Appears in 2 contracts

Sources: Payment Interest Purchase Agreement (XOMA Corp), Payment Interest Purchase Agreement (XOMA Corp)

2Authorization. The Seller has all requisite corporate power and authority to execute, deliver and perform its respective obligations under this Agreementeach of the Transaction Documents. The execution, delivery and performance of this Agreementthe Transaction Documents, and the consummation of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of the Seller.

Appears in 1 contract

Sources: Revenue Participation Right Purchase and Sale Agreement (Coherus BioSciences, Inc.)