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

Power, Authority; Valid Agreement. (i) The Investor has all requisite power and authority to execute, deliver and perform the Investor’s obligations under this Agreement and to purchase the Investor’s Shares; (ii) the Investor’s execution of this Agreement has been authorized by all necessary action on the Investor’s behalf; and (iii) this Agreement is valid, binding and enforceable against the Investor in accordance with its terms.

Appears in 3 contracts

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

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Power, Authority; Valid Agreement. (i) The Investor has all requisite power and authority to execute, deliver and perform the Investor’s obligations under this Agreement and to purchase the Investor’s Shares; (ii) the Investor’s execution of this Agreement has been authorized by all necessary corporate or other action on the Investor’s behalf; and (iii) this Agreement is valid, binding and enforceable against the Investor in accordance with its terms.

Appears in 2 contracts

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

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Power, Authority; Valid Agreement. (i) The Investor has have all requisite power and authority to execute, deliver and perform the Investor’s obligations under this Agreement and to purchase the Investor’s Shares; (ii) the Investor’s execution of this Agreement has been authorized by all necessary corporate or other action on the Investor’s behalf; and (iii) this Agreement is valid, binding and enforceable against the Investor in accordance with its terms.

Appears in 1 contract

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

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