Common use of Organization and Requisite Authority Clause in Contracts

Organization and Requisite Authority. The Purchaser is a limited liability company duly formed, validly existing, and in good standing under the laws of the State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Purchaser. The Purchaser possesses all requisite limited liability company power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 30 contracts

Sources: Private Placement Warrants Purchase Agreement (PowerUp Acquisition Corp.), Private Placement Warrants Purchase Agreement (PowerUp Acquisition Corp.), Private Placement Units Purchase Agreement (ROC Energy Acquisition Corp.)

Organization and Requisite Authority. The Purchaser is a limited liability company duly formedorganized, validly existing, existing and in good standing under the laws of the State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the PurchaserDelaware. The Purchaser possesses all requisite limited liability company power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 10 contracts

Sources: Sponsor Warrant Purchase Agreement (Pershing Square SPARC Holdings, Ltd./De), Warrant Purchase Agreement (Pershing Square Tontine Holdings, Ltd.), Warrant Purchase Agreement (Pershing Square Tontine Holdings, Ltd.)

Organization and Requisite Authority. The Purchaser is a series limited liability company duly formedincorporated, validly existing, existing and in good standing under the laws of the State state of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Purchaser. The Purchaser possesses all requisite limited liability company power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 5 contracts

Sources: Private Placement Warrants Purchase Agreement (Lazard Healthcare Acquisition Corp. I), Private Placement Warrants Purchase Agreement (Lazard Fintech Acquisition Corp. I), Private Placement Warrants Purchase Agreement (Lazard Healthcare Acquisition Corp. I)

Organization and Requisite Authority. The Purchaser is a limited liability company partnership duly formedorganized, validly existing, existing and in good standing under the laws of the State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the PurchaserDelaware. The Purchaser possesses all requisite limited liability company power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 4 contracts

Sources: Preferred Shares Subscription Agreement (Pershing Square USA, Ltd.), Common Shares Subscription Agreement (Pershing Square USA, Ltd.), Common Shares Subscription Agreement (Pershing Square USA, Ltd.)

Organization and Requisite Authority. The Purchaser is a limited liability company duly formedincorporated, validly existing, existing and in good standing under the laws of the State state of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Purchaser. The Purchaser possesses all requisite limited liability company power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 3 contracts

Sources: Private Placement Warrants Purchase Agreement (Lazard Growth Acquisition Corp. I), Private Placement Warrants Purchase Agreement (Lazard Growth Acquisition Corp. I), Private Placement Warrants Purchase Agreement (Lazard Growth Acquisition Corp. I)

Organization and Requisite Authority. The Purchaser is a limited liability company duly formed, validly existing, existing and in good standing under the laws of the State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the PurchaserDelaware. The Purchaser possesses all requisite limited liability company power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 3 contracts

Sources: Warrants Purchase Agreement (Mercury Ecommerce Acquisition Corp), Warrants Purchase Agreement (Mercury Ecommerce Acquisition Corp), Warrants Purchase Agreement (Mercury Ecommerce Acquisition Corp)

Organization and Requisite Authority. The Purchaser is a limited liability company duly formedorganized, validly existing, existing and in good standing under the laws of the State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Purchaser. The Purchaser possesses all requisite limited liability company power and authority necessary to carry out the transactions contemplated by this Agreement, the Warrant Agreement, the Letter Agreement and the Registration Rights Agreement.

Appears in 2 contracts

Sources: Private Placement Units Purchase Agreement (Market Technology Acquisition Corp), Private Placement Units Purchase Agreement (Market Technology Acquisition Corp)

Organization and Requisite Authority. The Purchaser is a limited liability company duly formed, validly existing, and in good standing under the laws of the State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Purchaser. The Purchaser possesses all requisite limited liability company power and authority necessary to carry out the transactions contemplated by this Agreement.. ​

Appears in 1 contract

Sources: Private Placement Units Purchase Agreement (ITHAX Acquisition Corp.)

Organization and Requisite Authority. The Purchaser is a limited liability company company, duly formedorganized, validly existing, existing and in good standing under the laws of the State state of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the PurchaserDelaware. The Purchaser possesses all requisite limited liability company power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 1 contract

Sources: Securities Purchase Agreement (Jaws Juggernaut Acquisition Corp)