Common use of Corporate Powers Clause in Contracts

Corporate Powers. The Company has all requisite legal and corporate power and authority to execute and deliver this Agreement, to sell and issue the 2006-B Shares hereunder, to issue any additional shares of Series 2006-B Preferred Stock to be issued in satisfaction of dividends on the 2006-B Shares (the "DIVIDEND STOCK") and to issue the Common Stock issuable upon conversion of the 2006-B Shares and the Dividend Stock as set forth in the Certificate (the "UNDERLYING COMMON STOCK").

Appears in 1 contract

Samples: Option Agreement (Harolds Stores Inc)

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Corporate Powers. The Company has all requisite legal and corporate power and authority to execute and deliver this Agreement, to sell and issue the 2006-B Shares hereunder, to issue any additional shares of Series 2006-B Preferred Stock to be issued in satisfaction of dividends on the 2006-B Shares (the "DIVIDEND STOCKDividend Stock") and to issue the Common Stock issuable upon conversion of the 2006-B Shares and the Dividend Stock as set forth in the Certificate (the "UNDERLYING COMMON STOCKUnderlying Common Stock").

Appears in 1 contract

Samples: Option Agreement (Harolds Stores Inc)

Corporate Powers. The Company has all requisite legal and corporate power and authority to execute and deliver this Agreement, to sell and issue the 2006-B Shares hereunder, to issue any additional shares of Series 20062007-B A Preferred Stock to be issued in satisfaction of dividends on the 2006-B Shares (the "DIVIDEND STOCK") and to issue the Common Stock issuable upon conversion of the 2006-B Shares and the Dividend Stock as set forth in the Certificate (the "UNDERLYING COMMON STOCK").

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Harolds Stores Inc)

Corporate Powers. The Company has all requisite legal and corporate power and authority to execute and deliver this Agreement, to sell and issue the 20062007-B Shares hereunder, to issue any additional shares of Series 20062007-B Preferred Stock to be issued in satisfaction of dividends on the 20062007-B Shares (the "DIVIDEND STOCK") and to issue the Common Stock issuable upon conversion of the 20062007-B Shares and the Dividend Stock as set forth in the Certificate (the "UNDERLYING COMMON STOCK").

Appears in 1 contract

Samples: Option Agreement (Harolds Stores Inc)

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Corporate Powers. The Company has all requisite legal and corporate power and of authority to execute and deliver this Agreement, to sell and issue the 2006-B A Shares hereunder, to issue any additional shares of Series 2006-B A Preferred Stock to be issued in satisfaction of dividends on the 2006-B A Shares (the "DIVIDEND STOCKDividend Stock") and to issue the Common Stock issuable upon conversion of the 2006-B A Shares and the Dividend Stock as set forth in the Certificate (the "UNDERLYING COMMON STOCKUnderlying Common Stock").

Appears in 1 contract

Samples: Option Agreement (Harolds Stores Inc)

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