Common use of Authorization of the Documents Clause in Contracts

Authorization of the Documents. The Purchaser has all requisite power and authority (corporate or otherwise) to execute, deliver, and perform its obligations under the Transaction Documents, and the execution, delivery, and performance by the Purchaser of its obligations under the Transaction Documents has been duly authorized by all requisite action on the part of the Purchaser and each such Transaction Document, when executed and delivered by the Purchaser, shall constitute the valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 15 contracts

Samples: Securities Purchase Agreement (Spindle, Inc.), Securities Purchase Agreement (Spindle, Inc.), Securities Purchase Agreement (Spindle, Inc.)

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Authorization of the Documents. The Such Purchaser has all requisite power and authority (corporate or otherwise) to execute, deliver, deliver and perform its obligations under the Transaction DocumentsFinancing Documents and the transactions contemplated thereby, and the execution, delivery, delivery and performance by the such Purchaser of its obligations under the Transaction Financing Documents has been duly authorized by all requisite action on the part of the by such Purchaser and each such Transaction Financing Document, when executed and delivered by the such Purchaser, shall constitute the constitutes a valid and binding obligation of the such Purchaser, enforceable against the such Purchaser in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Intermix Media, Inc.), Common Stock Purchase Agreement (Euniverse Inc)

Authorization of the Documents. The Purchaser has all requisite power and authority (corporate or otherwise) to execute, deliver, deliver and perform its obligations under the Transaction DocumentsFinancing Documents and the transactions contemplated thereby, and the execution, delivery, delivery and performance by the Purchaser of its obligations under the Transaction Financing Documents has have been duly authorized by all requisite action on by the part of the Purchaser and each Purchaser. Each such Transaction Financing Document, when executed and delivered by the Purchaser, shall will constitute the a valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting creditors’ rights and remedies generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Imedia International Inc), Securities Purchase Agreement (Imedia International Inc)

Authorization of the Documents. The Purchaser has all requisite power and authority (corporate or otherwise) to execute, deliverdeliver and perform this Agreement, and perform its obligations under each other document or instrument contemplated hereby or thereby and the Transaction Documentstransactions contemplated thereby, and the execution, delivery, delivery and performance by the Purchaser of its obligations under the Transaction Documents has have been duly authorized by all requisite action on the part of the by Purchaser and each such Transaction Document, when executed and delivered by the Purchaser, shall constitute the constitutes a valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting creditors' rights and remedies generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 1 contract

Samples: Convertible Preferred Stock and Warrant (Nuway Medical Inc)

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Authorization of the Documents. The Purchaser has all requisite power and authority (corporate or otherwise) to execute, deliver, deliver and perform its obligations under this Agreement, the Transaction DocumentsFinancing Documents and each other document or instrument contemplated hereby or thereby and the transactions contemplated thereby, and the execution, delivery, delivery and performance by the Purchaser of its obligations under the Transaction Financing Documents has have been duly authorized by all requisite action on the part of the by Purchaser and each such Transaction Financing Document, when executed and delivered by the Purchaser, shall constitute the constitutes a valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting creditors' rights and remedies generally, and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Nuway Energy Inc)

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