Organization and Requisite Authority. The Sponsor is a limited partnership duly organized, validly existing and in good standing under the laws of the State of Delaware. The Sponsor possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.
Appears in 5 contracts
Samples: Sponsor Warrants Purchase Agreement (HBC Acquisition Corp), Sponsor Warrants Purchase Agreement (Hicks Acquisition CO II, Inc.), Sponsor Warrants Purchase Agreement (Hicks Acquisition CO I Inc.)
Organization and Requisite Authority. The Sponsor is a limited partnership liability company duly organized, validly existing and in good standing under the laws of the State of Delaware. The Sponsor possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.
Appears in 1 contract
Samples: Insider Warrants Purchase Agreement (Raycliff Acquisition Corp)
