Common use of Authority to Transact Clause in Contracts

Authority to Transact. The Purchaser has the capacity and authority to execute and deliver this Agreement, to perform hereunder and to consummate the Transaction. All corporate actions on the part of the Purchaser necessary for the authorization and execution of this Agreement, the purchase of the Purchase Shares and the performance of all of the Purchaser’s obligations hereunder have been taken. This Agreement constitutes and, when signed by its duly authorized representatives, all other documents contemplated hereby will constitute, valid and legally binding obligations of the Purchaser, enforceable in accordance with their terms.

Authority to Transact. The Purchaser has the capacity and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the Transactiontransactions contemplated hereby. All corporate actions action on the part of the Purchaser Purchaser, its directors, and its shareholders necessary for the authorization and execution of this Agreement, the purchase of the Purchase Shares Shares, the issuance of the Warrants and the performance of all of the Purchaser’s obligations hereunder have been taken. This Agreement constitutes and, when signed by its duly authorized representatives, all other documents contemplated hereby will constitute, valid and legally binding obligations of the Purchaser, enforceable in accordance with their terms.

Authority to Transact. The Purchaser has the capacity and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the Transactiontransactions contemplated hereby. All corporate actions action on the part of the Purchaser Purchaser, its directors, and its shareholders necessary for the authorization and execution of this Agreement, the purchase of the Purchase Shares Shares, and the performance of all of the Purchaser’s obligations hereunder have been taken. This Agreement constitutes and, when signed by its duly authorized representatives, all other documents contemplated hereby will constitute, valid and legally binding obligations of the Purchaser, enforceable in accordance with their terms.