Common use of 2Authorization Clause in Contracts

2Authorization. The Buyer has the requisite right, 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 action on the part of the Buyer.

Appears in 2 contracts

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

2Authorization. The Buyer has the all requisite right, corporate power and corporate authority to execute, execute and deliver this Agreement and perform its obligations under this Agreementthe other agreements and instruments to be executed and delivered by it hereunder and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance by Buyer of this AgreementAgreement and such other agreements and instruments has been duly and validly authorized by the board of directors of Buyer, and the consummation no other action or authorization on behalf of the transactions contemplated hereby, have been duly authorized by all necessary action on the part of the BuyerBuyer is required in connection therewith.

Appears in 1 contract

Sources: Purchase Agreement (Carlyle Real Estate LTD Partnership X)

2Authorization. The Buyer has the requisite right, all company 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 action on the part of the Buyer.. ​

Appears in 1 contract

Sources: Royalty Purchase Agreement (XOMA Corp)