Common use of Power, Authority; Valid Agreement Clause in Contracts

Power, Authority; Valid Agreement. (i) You have all requisite power and authority to execute, deliver and perform your obligations under this Agreement and the Company Agreement and to subscribe for and purchase or otherwise acquire your Interests; (ii) your execution of this Agreement and the Company Agreement has been authorized by all necessary corporate or other action on your behalf; and (iii) this Agreement and the Company Agreement are each valid, binding and enforceable against you in accordance with their respective terms.

Appears in 3 contracts

Samples: Subscription Agreement (Petro River Oil Corp.), Subscription Agreement (Petro River Oil Corp.), Subscription Agreement (Petro River Oil Corp.)

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Power, Authority; Valid Agreement. (i) You have all requisite power and authority to execute, deliver and perform your obligations under this Agreement and the Limited Liability Company Agreement and to subscribe for and purchase or otherwise acquire your Intereststhe Units; (ii) your execution of this Agreement and the Limited Liability Company Agreement has been authorized by all necessary corporate or other action on your behalf; and (iii) this Agreement and the Limited Liability Company Agreement are each valid, binding and enforceable against you in accordance with their respective terms.

Appears in 2 contracts

Samples: Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.)

Power, Authority; Valid Agreement. (i) You have all requisite power and authority to execute, deliver and perform your obligations under this Agreement and the Company Agreement and to subscribe for and purchase or otherwise acquire your InterestsShares; (ii) your execution of this Agreement and the Company Agreement has been authorized by all necessary corporate or other action on your behalf; and (iii) this Agreement and the Company Agreement are each is valid, binding and enforceable against you in accordance with their respective its terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (OptimumBank Holdings, Inc.)

Power, Authority; Valid Agreement. (i) You have all requisite power and authority to execute, deliver and perform your obligations under this Agreement and the Company Agreement and to subscribe for and purchase or otherwise acquire your InterestsShares; (ii) your execution of this Agreement and the Company Agreement has been authorized by all necessary corporate or other action on your behalf; and (iii) this Agreement and the Company Agreement are each valid, binding and enforceable against you in accordance with their respective terms.

Appears in 1 contract

Samples: Subscription Agreement (OptimumBank Holdings, Inc.)

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Power, Authority; Valid Agreement. (i) You have all requisite power and authority to execute, deliver deliver, and perform your obligations under this Agreement and the Company Operating Agreement and to subscribe for and purchase or otherwise acquire your InterestsUnits; (ii) your execution of this Agreement and the Company Operating Agreement has been authorized by all necessary corporate or other action on your behalf; and (iii) this Agreement and the Company Operating Agreement are each valid, binding binding, and enforceable against you in accordance with their respective terms.

Appears in 1 contract

Samples: Operating Agreement

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