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

Authority; Validity and Effect of Agreement. (i) If Purchaser ix xx xxxity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and perform its obligations under this Agreement. The execution and delivery of this Agreement by Purchaser, the performance by Purchaser of its obligations hereundex xxx xxx other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its Boards 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 this Agreement and perform its obligations hereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Endeavour International Corp)

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Authority; Validity and Effect of Agreement. (i) If Purchaser ix xx xxxity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement the Transaction Documents to which it is a party and perform its obligations under this Agreementsuch Transaction Documents. The execution and delivery of this Agreement each such Transaction Document by Purchaser, the performance by Purchaser of its obligations hereundex xxx xxx thereunder, and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its Boards 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 this Agreement the relevant Transaction Documents and perform its obligations hereunderthereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bio Key International Inc)

Authority; Validity and Effect of Agreement. (i) If Purchaser ix xx xxxityis an entity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and perform its obligations under this Agreement. The execution and delivery of this Agreement by Purchaser, the performance by Purchaser of its obligations hereundex xxx xxx hereunder and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its 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 this Agreement and perform its obligations hereunder.

Appears in 1 contract

Samples: Securities Purchase Agreement (National Health Partners Inc)

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Authority; Validity and Effect of Agreement. (i) If Purchaser ix xx xxxity, Purchaser has the requisite corporate or other entity power and authority to execute and deliver this Agreement and perform its obligations under this Agreement. The execution and delivery of this Agreement by Purchaser, the performance by Purchaser of its Purchaser's obligations hereundex xxx xxx hereunder and all other necessary corporate or other entity action on the part of Purchaser have been duly authorized by its Boards 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 this Agreement and perform its obligations hereunder.

Appears in 1 contract

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

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