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

Samples: 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.)

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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

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

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

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

Samples: 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.. Section 3.02

Appears in 2 contracts

Samples: Form of Warrants Purchase Agreement (Mercury Ecommerce Acquisition Corp), Form of Warrants Purchase Agreement (Mercury Ecommerce Acquisition Corp)

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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

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

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 1 contract

Samples: Warrants Purchase Agreement (Mercury Ecommerce 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

Samples: Securities Purchase Agreement (Jaws Juggernaut Acquisition Corp)

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