Common use of Existence; Authorization Clause in Contracts

Existence; Authorization. Thermo is duly organized and validly existing under the laws of its jurisdiction of organization. The execution, delivery and performance by Thermo of this Agreement and the consummation of the transactions contemplated hereby are within Thermo’s powers and have been duly authorized by all necessary action on the part of Thermo. This Agreement has been duly executed by Thermo and constitutes a valid and binding agreement of Thermo.

Appears in 3 contracts

Sources: Common Stock Purchase Agreement (Globalstar, Inc.), Common Stock Purchase and Option Agreement (Globalstar, Inc.), Common Stock Purchase Agreement (Globalstar, Inc.)