Common use of Authorization and Execution Clause in Contracts

Authorization and Execution. The execution, delivery and performance of this Agreement and the Registration Rights Agreement have been duly authorized by all necessary action on the part of the Purchaser, and, assuming due authorization, execution and delivery by the other parties thereto, this Agreement and the Registration Rights Agreement are each a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (Veritex Holdings, Inc.)

Authorization and Execution. The execution, delivery and performance of this Agreement and the Registration Rights Agreement have been duly authorized by all necessary action on the part of the Purchaser, and, assuming . This Agreement has been duly executed and delivered by the Purchaser. Assuming due authorization, execution and delivery by the other parties theretoCompany, this Agreement and the Registration Rights Agreement are each a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (Northrim Bancorp Inc)

Authorization and Execution. The execution, delivery and performance of this Agreement and the Registration Rights Agreement have been duly authorized by all necessary action on the part of the such Purchaser, and, assuming due authorization, execution and delivery by the other parties thereto, this Agreement and the Registration Rights Agreement are each a legal, valid and binding obligation of the such Purchaser, enforceable against the such Purchaser in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, 4867-1315-1193 v.5 reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

Appears in 1 contract

Sources: Senior Note Purchase Agreement (Eagle Bancorp Inc)

Authorization and Execution. The execution, delivery and performance of this Agreement and the Registration Rights Agreement have has been duly authorized by all necessary action on the part of the such Purchaser, and this Agreement has been duly authorized, executed and delivered by such Purchaser and, assuming due authorization, execution and delivery by the other parties theretoCompany, this Agreement and the Registration Rights Agreement are each is a legal, valid and binding obligation of the such Purchaser, enforceable against the such Purchaser in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (QNB Corp)

Authorization and Execution. The execution, delivery and performance of this Agreement and the Registration Rights Agreement have been duly authorized by all necessary action on the part of the such Purchaser, and, assuming due authorization, execution and delivery by the other parties thereto, this Agreement and the Registration Rights Agreement are each a legal, valid and binding obligation of the such Purchaser, enforceable against the such Purchaser in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (Mercantile Bank Corp)

Authorization and Execution. The execution, delivery and performance of this Agreement and the Registration Rights Agreement have has been duly authorized by all necessary action on the part of the such Purchaser, and, assuming due authorization, execution and delivery by the other parties hereto and thereto, this Agreement and the Registration Rights Agreement are each a legal, valid and binding obligation of the such Purchaser, enforceable against the such Purchaser in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (First Bancshares Inc /MS/)

Authorization and Execution. The execution, delivery and performance of this Agreement and the Registration Rights Agreement have been duly authorized authorized, executed and delivered by all necessary action on the part of the such Purchaser, and, assuming due authorization, execution and delivery by the other parties thereto, this Agreement and the Registration Rights Agreement are each a legal, valid and binding obligation of the such Purchaser, enforceable against the such Purchaser in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (UNIVEST FINANCIAL Corp)

Authorization and Execution. The execution, delivery and performance of this Agreement and the Registration Rights Agreement have has been duly authorized by all necessary action on the part of the Purchaser, and this Agreement has been duly authorized, executed and delivered, and, assuming due authorization, execution and delivery by the other parties theretohereto, this Agreement and the Registration Rights Agreement are each is a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (California BanCorp)

Authorization and Execution. The execution, delivery and performance of this Agreement and the Registration Rights Agreement have has been duly authorized by all necessary action on the part of the Purchaser. This Agreement has been duly executed and delivered by the Purchaser, and, assuming due authorization, execution and delivery by the other parties theretohereto, this Agreement and the Registration Rights Agreement are each is a legal, valid and binding obligation of the such Purchaser, enforceable against the such Purchaser in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

Appears in 1 contract

Sources: Senior Note Purchase Agreement (Patriot National Bancorp Inc)

Authorization and Execution. The execution, delivery and performance of this Agreement and the Registration Rights Agreement have been duly authorized by all necessary action on the part of the Purchaser, andand this Agreement has been duly executed and delivered by the Purchaser, assuming due authorization, execution and delivery by the other parties theretoCompany, this Agreement and the Registration Rights Agreement are each is a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (Heritage Commerce Corp)

Authorization and Execution. The execution, delivery and performance of this Agreement and the Registration Rights Agreement have has been duly authorized by all necessary action on the part of the such Purchaser, and, assuming due authorization, execution and delivery by the other parties hereto and thereto, this Agreement and the Registration Rights Agreement are each a legal, valid and binding obligation of the such Purchaser, enforceable against the such Purchaser in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.

Appears in 1 contract

Sources: Subordinated Note Purchase Agreement (Financial Institutions Inc)