Common use of Authority; Validity and Effect of Agreement Clause in Contracts

Authority; Validity and Effect of Agreement. (i) If Purchaser is an entity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and any documents contemplated hereby (collectively, the “Transaction Documents”) and perform its obligations under the Transaction Documents. The execution and delivery of each Transaction Document by Purchaser, the performance by Purchaser of its obligations thereunder, and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its board of directors or similar governing body, and no other corporate or other entity proceedings on the part of Purchaser is necessary for Purchaser to execute and deliver the Transaction Documents and perform its obligations thereunder.

Appears in 17 contracts

Samples: Securities Purchase Agreement (Virtual Piggy, Inc.), Securities Purchase Agreement (Blue Calypso, Inc.), Securities Purchase Agreement (Virtual Piggy, Inc.)

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Authority; Validity and Effect of Agreement. (i) If Purchaser is an entity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and any documents contemplated hereby (collectively, the “Transaction Documents”) and perform its obligations under the Transaction Documentsthis Agreement. The execution and delivery of each Transaction Document this Agreement by Purchaser, the performance by Purchaser of its obligations thereunder, hereunder and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its board of directors or similar governing body, and no other corporate or other entity proceedings on the part of Purchaser is necessary for Purchaser to execute and deliver the Transaction Documents this Agreement and perform its obligations thereunderhereunder.

Appears in 12 contracts

Samples: Securities Purchase Agreement (Radiant Logistics, Inc), Securities Purchase Agreement (Sydys Corp), Securities Purchase Agreement (Radiant Logistics, Inc)

Authority; Validity and Effect of Agreement. (i) If Purchaser is an entity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and any documents contemplated hereby (collectively, the “Transaction Documents”) and perform its obligations under the Transaction Documentsthis Agreement. The execution and delivery of each Transaction Document this Agreement by Purchaser, the performance by Purchaser of its obligations thereunder, hereunder and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its board of directors or similar governing body, and shareholders or similar interest holders, if necessary, and no other corporate or other entity proceedings on the part of Purchaser is necessary for Purchaser to execute and deliver the Transaction Documents this Agreement and perform its obligations thereunderhereunder.

Appears in 6 contracts

Samples: Securities Purchase Agreement (National Health Partners Inc), Securities Purchase Agreement (National Health Partners Inc), Securities Purchase Agreement (National Health Partners Inc)

Authority; Validity and Effect of Agreement. (i) If Purchaser is an entity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and any documents contemplated hereby (collectively, the “Transaction Documents”) and perform its obligations under the Transaction Documentsthis Agreement. The execution and delivery of each Transaction Document this Agreement by Purchaser, the performance by Purchaser of its obligations thereunder, hereunder and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its board Board of directors Directors or similar governing body, and no other corporate or other entity proceedings on the part of Purchaser is necessary for Purchaser to execute and deliver the Transaction Documents this Agreement and perform its obligations thereunderhereunder.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Matinas BioPharma Holdings, Inc.), Securities Purchase Agreement (Matinas BioPharma Holdings, Inc.), Securities Purchase Agreement (Armada Water Assets Inc)

Authority; Validity and Effect of Agreement. (i) If Purchaser is an entity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and any documents contemplated hereby (collectively, the “Transaction Documents”) and perform its obligations under the Transaction Documentsthis Agreement. The execution and delivery of each Transaction Document this Agreement by Purchaser, the performance by Purchaser of its obligations thereunder, hereunder and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its board Boards of directors Directors or similar governing body, and no other corporate or other entity proceedings on the part of Purchaser is necessary for Purchaser to execute and deliver the Transaction Documents this Agreement and perform its obligations thereunderhereunder.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Sydys Corp), Securities Purchase Agreement (Stellar Technologies, Inc.)

Authority; Validity and Effect of Agreement. (i) If Purchaser is an entity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and any documents contemplated hereby (collectively, the “Transaction Documents”) and perform its obligations under the Transaction Documents. The execution and delivery of each Transaction Document by Purchaser, the performance by Purchaser of its obligations thereunder, and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its board of directors or similar governing body, and no other corporate or other entity proceedings on the part of Purchaser is necessary for Purchaser to execute and deliver the Transaction Documents and perform its obligations thereunder.

Appears in 1 contract

Samples: Xtribe Securities Purchase Agreement (XTribe P.L.C.)

Authority; Validity and Effect of Agreement. (i) If Purchaser is an entity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and any documents contemplated hereby (collectively, the “Transaction Documents”) and perform its obligations under the Transaction Documentsthis Agreement. The execution and delivery of each Transaction Document this Agreement by Purchaser, the performance by Purchaser of its obligations thereunder, hereunder and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its board boards of directors or similar governing body, and shareholders or similar interest holders, if necessary, and no other corporate or other entity proceedings on the part of Purchaser is necessary for Purchaser to execute and deliver the Transaction Documents this Agreement and perform its obligations thereunderhereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (National Health Partners Inc)

Authority; Validity and Effect of Agreement. (i) If Purchaser is an entity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and any documents contemplated hereby (collectively, the “Transaction Documents”) and perform its obligations under this Agreement and represents that such entity was not formed for the Transaction Documentsspecific purpose of acquiring the Units. The execution and delivery of each Transaction Document this Agreement by Purchaser, the performance by Purchaser of its obligations thereunderhereunder, and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its board of directors or similar governing body, and no other corporate or other entity proceedings on the part of Purchaser is necessary for Purchaser to execute and deliver the Transaction Documents this Agreement and perform its obligations thereunderhereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Virtual Piggy, Inc.)

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Authority; Validity and Effect of Agreement. (i) If Purchaser is an entity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and any documents contemplated hereby (collectively, the “Transaction Documents”) and perform its obligations under this Agreement and represents that such entity was not formed for the Transaction Documentsspecific purpose of acquiring the Shares. The execution and delivery of each Transaction Document this Agreement by Purchaser, the performance by Purchaser of its obligations thereunderhereunder, and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its board of directors or similar governing body, and no other corporate or other entity proceedings on the part of Purchaser is necessary for Purchaser to execute and deliver the Transaction Documents this Agreement and perform its obligations thereunderhereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Virtual Piggy, Inc.)

Authority; Validity and Effect of Agreement. (i) If Purchaser is an entity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and any documents contemplated hereby (collectively, the “Transaction Documents”) and perform its obligations under the Transaction Documentsthis Agreement. The execution and delivery of each Transaction Document this Agreement by Purchaser, the performance by Purchaser of its obligations thereunderhereunder, and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its board of directors or similar governing body, and no other corporate or other entity proceedings on the part of Purchaser is necessary for Purchaser to execute and deliver the Transaction Documents this Agreement and perform its obligations thereunderhereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (CytoCore Inc)

Authority; Validity and Effect of Agreement. (i) If Purchaser is an entity, : (A) Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and any documents contemplated hereby (collectively, the “Transaction Documents”) and perform its obligations under this Agreement, and (B) the Transaction Documents. The execution and delivery of each Transaction Document this Agreement by Purchaser, the performance by Purchaser of its obligations thereunder, hereunder and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its board of directors or similar governing body, and shareholders or similar interest holders, if necessary, and no other corporate or other entity proceedings on the part of Purchaser is necessary for Purchaser to execute and deliver the Transaction Documents this Agreement and perform its obligations thereunderhereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (American Restaurant Concepts Inc)

Authority; Validity and Effect of Agreement. (i) If Purchaser is an entity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and any documents contemplated hereby (collectively, the “Transaction Documents”) and perform its obligations under the Transaction Documentsthis Agreement. The execution and delivery of each Transaction Document this Agreement by Purchaser, the performance by Purchaser of its Purchaser's obligations thereunder, hereunder and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its board of directors or similar governing body, and no other corporate or other entity proceedings on the part of Purchaser is necessary for Purchaser to execute and deliver the Transaction Documents this Agreement and perform its obligations thereunderhereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Maverick Oil & Gas, Inc.)

Authority; Validity and Effect of Agreement. (i) If such Purchaser is an entity, such Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and any documents contemplated hereby (collectively, the “Transaction Documents”) Documents to which it is a party and perform its obligations under the Transaction Documents. The execution and delivery of each such Transaction Document by such Purchaser, the performance by such Purchaser of its obligations thereunder, and all other necessary corporate or other entity action on the part of such Purchaser have been duly authorized by its board of directors or similar governing body, and no other corporate or other entity proceedings on the part of such Purchaser is necessary for such Purchaser to execute and deliver the relevant Transaction Documents and perform its obligations thereunder.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (Bio Key International Inc)

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