Common use of Organization and Authorization Clause in Contracts

Organization and Authorization. The Investor is duly incorporated or organized and validly existing in the jurisdiction of its incorporation or organization and has all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such Investor, the performance by such Investor of its obligations hereunder and the consummation by such Investor of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the Investor. The undersigned has the right, power and authority to execute and deliver this Agreement and all other instruments on behalf of the Investor. This Agreement has been duly executed and delivered by the Investor and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the Investor, enforceable against the Investor in accordance with its terms.

Appears in 6 contracts

Samples: Drawdown Equity Financing Agreement (Polar Petroleum Corp.), Drawdown Equity Financing Agreement (Polar Petroleum Corp.), Drawdown Equity Financing Agreement (Portage Resources Inc.)

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Organization and Authorization. The Investor is duly incorporated or organized and validly existing in the jurisdiction of its incorporation or organization and has all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such Investor, the performance by such Investor of its obligations hereunder and the consummation by such Investor of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the Investor. The undersigned has the right, power and authority to execute and deliver this Agreement and all other instruments instruments, on behalf of the Investor. This Agreement has been duly executed and delivered by the Investor and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the Investor, enforceable against the Investor in accordance with its terms.

Appears in 4 contracts

Samples: Equity Distribution Agreement (Acacia Research Corp), Subscription Agreement (Capstone Turbine Corp), Subscription Agreement (Capstone Turbine Corp)

Organization and Authorization. The Investor is duly incorporated or organized and validly existing in the jurisdiction of its incorporation or organization and has all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such Investor, the performance by such Investor of its obligations hereunder and the consummation by such Investor of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the Investor. The undersigned has the right, power and authority to execute and deliver this Agreement and all other instruments the Transaction Documents on behalf of the Investor. This Agreement has been duly executed and delivered by the Investor and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the Investor, enforceable against the Investor in accordance with its terms.

Appears in 3 contracts

Samples: Equity Line of Credit Agreement (Cirtran Corp), Equity Line of Credit Agreement (Cirtran Corp), Equity Line of Credit Agreement (Cirtran Corp)

Organization and Authorization. The Investor is Investors are duly incorporated or organized and validly existing in the jurisdiction country of its their incorporation or organization and has have all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such Investorthe Investors, the performance by such Investor the Investors of its their obligations hereunder and the consummation by such Investor the Investors of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the InvestorInvestors. The undersigned has the all right, power and authority to execute and deliver this Agreement and all other instruments on behalf of the InvestorInvestors. This Agreement has been duly executed and delivered by the Investor Investors and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the InvestorInvestors, enforceable against the Investor Investors in accordance with its terms.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Ijnt Net Inc), Registration Rights Agreement (Ijnt Net Inc)

Organization and Authorization. The Investor Each of the Investors is duly incorporated or organized and validly existing in the jurisdiction country of its incorporation or organization and has have all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such Investoreach of the Investors, the performance by such Investor each of the Investors of its obligations hereunder and the consummation by such Investor each of the Investors of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of any of the InvestorInvestors. The undersigned has the all right, power and authority to execute and deliver this Agreement and all other instruments on behalf of the InvestorInvestors. This Agreement has been duly executed and delivered by the Investor Investors and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of each of the InvestorInvestors, enforceable against each of the Investor Investors in accordance with its terms.

Appears in 1 contract

Samples: Credit Agreement (Imaging Diagnostic Systems Inc /Fl/)

Organization and Authorization. The Investor is duly incorporated or organized and validly existing in the jurisdiction of its incorporation or organization and has all requisite power and authority to purchase and hold the securities Common Stock issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such the Investor, the performance by such the Investor of its obligations hereunder and the consummation by such the Investor of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the Investor. The undersigned signatory of the Investor has the right, power and authority to execute and deliver this Agreement and all other instruments on behalf of the Investor. This Agreement has been duly executed and delivered by the Investor and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the a legal, valid and binding obligations obligation of the Investor, enforceable against the Investor in accordance with its terms.

Appears in 1 contract

Samples: Equity Investment Agreement (Valmie Resources, Inc.)

Organization and Authorization. The Investor is duly incorporated or organized and validly existing in the jurisdiction country of its incorporation or organization and has have all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such the Investor, the performance by such the Investor of its obligations hereunder and the consummation by such the Investor of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the Investor. The undersigned has the all right, power and authority to execute and deliver this Agreement and all other instruments on behalf of the Investor. This Agreement has been duly executed and delivered by the Investor and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the Investor, enforceable against the Investor in accordance with its terms.

Appears in 1 contract

Samples: Registration Rights Agreement (Pharmos Corp)

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Organization and Authorization. The Investor is duly incorporated or organized and validly existing in under the laws of its jurisdiction of its incorporation or organization and has all the requisite corporate power and authority to purchase enter into and hold perform its obligations under this Agreement and to subscribe for or acquire the securities issuable hereunderAdvance Shares in accordance with the terms hereof. The decision to invest and the execution and delivery of this Agreement by such the Investor, the performance by such the Investor of its obligations hereunder and the consummation by such the Investor of the transactions contemplated hereby have been duly authorized and requires require no other proceedings on the part of the Investor. The undersigned has the right, power and authority to execute and deliver this Agreement and all other instruments on behalf of the Investor. This Agreement has been duly executed and delivered by the Investor and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the Investor, enforceable against the Investor in accordance with its terms.

Appears in 1 contract

Samples: Equity Subscription Agreement (Antelope Enterprise Holdings LTD)

Organization and Authorization. The Investor Such Investor, if an entity, is duly incorporated or organized and validly existing in the jurisdiction of its incorporation or organization and has all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such Investor, the performance by such Investor of its obligations hereunder and the consummation by such Investor of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the such Investor. The undersigned Such Investor has the right, power and authority to execute and deliver this Agreement and all other instruments instruments, on behalf of the such Investor. This Agreement has been duly executed and delivered by the such Investor and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the such Investor, enforceable against the such Investor in accordance with its terms.

Appears in 1 contract

Samples: Securities Purchase Agreement (Action Products International Inc)

Organization and Authorization. The Investor is Investors are duly incorporated ------------------------------ or organized and validly existing in the jurisdiction country of its their incorporation or organization and has have all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such Investorthe Investors, the performance by such Investor the Investors of its their obligations hereunder and the consummation by such Investor the Investors of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the InvestorInvestors. The undersigned has the all right, power and authority to execute and deliver this Agreement and all other instruments on behalf of the InvestorInvestors. This Agreement has been duly executed and delivered by the Investor Investors and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the InvestorInvestors, enforceable against the Investor Investors in accordance with its terms.

Appears in 1 contract

Samples: Credit Agreement (Ashton Technology Group Inc)

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