Common use of AUTHORITY OF AGREEMENT Clause in Contracts

AUTHORITY OF AGREEMENT. The Company has the power and authority to accept, execute and deliver this Subscription Agreement and, upon acceptance by the Company (in whole or part), to carry out its obligations hereunder; and the execution, delivery and performance by the Company of this Subscription Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of the Company and this Subscription Agreement, upon acceptance by the Company (in whole or part), constitutes the valid and legally binding obligations of the Company enforceable against the Company in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, reorganization or other laws affecting the enforcement of creditors' rights generally now or hereafter in effect and subject to the application of equitable principles and the availability of equitable remedies; the Shares to be issued hereunder, upon issuance thereof in accordance with the terms hereof, will be validly authorized, fully paid and non-assessable;

AUTHORITY OF AGREEMENT. The Company has the power and authority to accept, accept the Subscription and to execute and deliver this Subscription Agreement and, upon acceptance by the Company (in whole or part), to carry out its obligations hereunderunder this Subscription Agreement; and the execution, delivery and performance by the Company of this Subscription Agreement and the consummation of the transactions contemplated hereby by this Subscription Agreement have been duly authorized by all necessary corporate action on the part of the Company and this Subscription Agreement, upon acceptance by the Company (in whole or part), constitutes the valid and legally binding obligations of the Company enforceable against the Company in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, reorganization or other laws affecting the enforcement of creditors' rights generally now or hereafter in effect and subject to the application of equitable principles and the availability of equitable remedies; the Shares to be issued hereunder, upon issuance thereof in accordance with the terms hereof, hereunder will be validly duly authorized, validly issued fully paid and non-assessable;

AUTHORITY OF AGREEMENT. The Company has the power and authority to accept, accept the Subscription and to execute and deliver this Subscription Agreement and, upon acceptance by the Company (in whole or part), to carry out its obligations hereunderunder this Subscription Agreement; and the execution, delivery and performance by the Company of this Subscription Agreement and the consummation of the transactions contemplated hereby by this Subscription Agreement have been duly authorized by all necessary corporate action on the part of the Company and this Subscription Agreement, upon acceptance by the Company (in whole or part), constitutes the valid and legally binding obligations of the Company enforceable against the Company in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, reorganization or other laws affecting the enforcement of creditors' ’ rights generally now or hereafter in effect and subject to the application of equitable principles and the availability of equitable remedies; the Shares to be issued hereunder, upon issuance thereof in accordance with the terms hereof, hereunder will be validly duly authorized, validly issued fully paid and non-assessable;.

AUTHORITY OF AGREEMENT. The Company has the power and authority to accept, execute and deliver this Subscription Agreement and, upon acceptance by the Company (in whole or part), to carry out its obligations hereunder; and the execution, delivery and performance by the Company of this Subscription Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of the Company and this Subscription Agreement, upon acceptance by the Company (in whole or part), constitutes the valid and legally binding obligations of the Company enforceable against the Company in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, reorganization or other laws affecting the enforcement of creditors' rights generally now or hereafter in effect and subject to the application of equitable principles and the availability of equitable remedies; the Shares . The shares of Common Stock to be issued hereunder, upon issuance thereof in accordance with the terms hereof, will be validly authorized, fully paid and non-assessable;