Common use of Authorization of Transaction Documents Clause in Contracts

Authorization of Transaction Documents. The Company has full corporate power and authority to execute and deliver this Agreement and each of the other Transaction Documents, and to perform its obligations hereunder and thereunder. The execution, delivery and performance by the Company of the Transaction Documents (including the issuance and sale of the Securities) have been authorized by all requisite corporate actions by the Company; and the Transaction Documents, including the issuance and sale of the Securities, have been duly executed and delivered by the Company and are the valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Sheffield Pharmaceuticals Inc), Securities Purchase Agreement (Sheffield Pharmaceuticals Inc)

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Authorization of Transaction Documents. The Company has full corporate power and authority to execute and deliver this Agreement and each of the other Transaction Documents, and to perform its obligations hereunder and thereunder. The execution, delivery and performance by the Company of the Transaction Documents (including the issuance and sale of the Securities) have been authorized by all requisite corporate actions by the Company; and the Transaction Documents, including the issuance and sale of the Securities, have been duly executed and delivered by the Company and are the valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms.

Appears in 1 contract

Samples: Securities Purchase Agreement (Sheffield Pharmaceuticals Inc)

Authorization of Transaction Documents. The Company has full corporate power and authority to execute and deliver this Agreement and each of the other Transaction Documents, and to perform its obligations hereunder and thereunder. The Except for Stockholder Approval the execution, delivery and performance by the Company of the Transaction Documents (including the issuance and sale of the Securities) have been authorized by all requisite corporate actions by the Company; and the Transaction Documents, Documents (including the issuance and sale of the Securities, ) have been duly executed and delivered by the Company and are the valid and binding obligations of the Company, enforceable against the Company each in accordance with their respective terms.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bioject Medical Technologies Inc)

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Authorization of Transaction Documents. The Company has full corporate power and authority to execute and deliver this Agreement and each of the other Transaction Documents, and to perform its obligations hereunder and thereunder. The execution, delivery and performance by the Company of the Transaction Documents (including the issuance and sale of the Securities) have been duly authorized by all requisite corporate actions by the Company; and the Transaction Documents, including the issuance and sale of the Securities, have been duly when executed and delivered by the Company and are Company, will be the valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms.

Appears in 1 contract

Samples: Securities Purchase Agreement (Elan Corp PLC)

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