Common use of Organization and Authority Clause in Contracts

Organization and Authority. Subscriber is duly organized, validly existing and in good standing under the laws of the State of Delaware and it possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 87 contracts

Samples: Form of Private Placement Units Subscription Agreement (Blue Room Acquisition Corp.), Form of Private Placement Units Subscription Agreement (Blue Room Acquisition Corp.), Private Placement Unit Subscription Agreement (Abri SPAC 2, Inc.)

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Organization and Authority. The Subscriber is duly organized, validly existing and in good standing under the laws of the State of Delaware and it possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 54 contracts

Samples: Private Placement Units Purchase Agreement (Israel Acquisitions Corp), Private Placement Units Purchase Agreement (Israel Acquisitions Corp), Private Placement Units Purchase Agreement (Israel Acquisitions Corp)

Organization and Authority. Subscriber is duly organized, validly existing and in good standing under the laws of the [State of Delaware Delaware] and it possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Unit Subscription Agreement (FinTech Acquisition Corp)

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Organization and Authority. The Subscriber is a corporation duly organized, validly existing existing, and in good standing under the laws of the State of Delaware of the United States and it possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Electrum Special Acquisition Corp

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