Authority; Validity and Enforceability. The Company has the requisite corporate power and authority to enter into this Agreement (as such term is hereinafter defined) and to perform all of its obligations hereunder and thereunder (including the issuance, sale and delivery to Purchaser of the Common Stock Shares). The execution, delivery and performance by the Company of the Documents and the consummation by the Company of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate actions on the part of the Company and no further filing, consent, or authorization is required by the Company, its board of directors, or its stock Purchasers. Each of the Documents has been duly and validly executed and delivered by the Company and each Document constitutes a valid and binding obligation of the Company enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally and except as rights to indemnity and contribution may be limited by federal or state securities laws or the public policy underlying such laws. The Common Stock Shares have been duly and validly authorized for issuance by the Company. For purposes of this Agreement, the term “Documents” means (i) this Agreement.
Appears in 3 contracts
Sources: Common Stock Shares Purchase Agreement (Nature Vision, Inc.), Common Stock Shares Purchase Agreement (Nature Vision, Inc.), Common Stock Shares Purchase Agreement (Nature Vision, Inc.)