Common use of Power and Authorization Clause in Contracts

Power and Authorization. The execution, delivery and performance by the Purchaser of this Agreement and the consummation of the Contemplated Transactions are within the power and authority of the Purchaser and have been duly authorized by all necessary action on the part of the Purchaser. This Agreement (a) has been duly executed and delivered by the Purchaser and (b) is a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms.

Appears in 5 contracts

Samples: Securities Purchase Agreement (AGA Medical Holdings, Inc.), Securities Purchase Agreement (AGA Medical Holdings, Inc.), Securities Purchase Agreement (AGA Medical Holdings, Inc.)

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Power and Authorization. Purchaser has the power to enter into and perform this Agreement and consummate the transactions contemplated by this Agreement. The execution, delivery and performance by the Purchaser of this Agreement Agreement, and the consummation performance of the Contemplated Transactions are within the power and authority of the Purchaser and transactions contemplated hereby, have been duly and validly authorized by all necessary corporate action on the part of the Purchaser. This Agreement (a) has been duly executed and delivered by the Purchaser and (b) is a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Creek Road Miners, Inc.), Purchase and Sale Agreement (Creek Road Miners, Inc.), Purchase and Sale Agreement (PetroShare Corp.)

Power and Authorization. The execution, delivery and performance by the Purchaser Buyer of this Agreement and the consummation of the Contemplated Transactions are within the power and authority of the Purchaser Buyer and have been duly authorized by all necessary action on the part of the PurchaserBuyer. This Agreement (a) has been duly executed and delivered by the Purchaser Buyer and (b) is a legal, valid and binding obligation of the PurchaserBuyer, enforceable Enforceable against the Purchaser Buyer in accordance with its terms.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Global Cash Access Holdings, Inc.), Stock Purchase Agreement (PBSJ Corp /Fl/), Stock Purchase Agreement (Interface Inc)

Power and Authorization. The executionPurchaser has all requisite power and authority to enter into this Agreement and the other documents and agreements contemplated herein, delivery to purchase the Shares hereunder, and performance by to carry out and perform its obligations under the Purchaser terms of this Agreement and the consummation of the Contemplated Transactions are within the power other documents and authority of the Purchaser and have been duly authorized by all necessary action on the part of the Purchaseragreements contemplated herein. This Agreement (a) has been duly executed and delivered by the Purchaser and (b) is constitutes a legal, valid valid, and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Driveway Corp), Preferred Stock Purchase Agreement (Driveway Corp)

Power and Authorization. Purchaser has the legal power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance by the Purchaser of this Agreement and the consummation of the Contemplated Transactions are within the power and authority of the by Purchaser and have been duly authorized by all necessary action on the part of the Purchaserlegal action. This Agreement (a) has been duly executed and delivered by the duly authorized officers of Purchaser and (b) is a constitutes the legal, valid and binding obligation of the Purchaser, Purchaser enforceable against the Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Rand Logistics, Inc.)

Power and Authorization. The executionPurchaser has all requisite right, power and authority to execute and deliver this Agreement and carry out the transactions contemplated hereby. The execution and delivery and performance of this Agreement by the Purchaser of this Agreement and the consummation of the Contemplated Transactions are within the power and authority of the Purchaser and have been duly authorized by all necessary action on the part of the Purchasercorporate action. This Agreement (a) has been duly executed and delivered by the Purchaser and (b) is a constitutes Purchaser's legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Schick Technologies Inc)

Power and Authorization. The execution, delivery and performance by the Purchaser of this Agreement and the consummation of the Contemplated Transactions are within the power and authority of the Purchaser and have been duly authorized by all necessary corporate action on the part of the PurchaserPurchaser and any such Affiliate. This Agreement (a) to which Purchaser is a party has been duly executed and delivered by the Purchaser or any Affiliate and (b) is a legal, valid and binding obligation of the PurchaserPurchaser and any such Affiliate, enforceable against the Purchaser and such Affiliates, as applicable, in accordance with its terms.

Appears in 1 contract

Samples: Commercial Development and Supply Agreement (Kythera Biopharmaceuticals Inc)

Power and Authorization. Such Purchaser has all requisite power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The execution, delivery and performance by the Purchaser of this Agreement by such Purchaser and the consummation by such Purchaser of the Contemplated Transactions are within the power and authority of the Purchaser and transactions contemplated hereby have been duly authorized by all necessary action on the part of the Purchaser. This Agreement (a) has been duly executed and delivered by the Purchaser and (b) is a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its termsthe governing documents of such Purchaser, and all action on such Purchaser's part requisite for the purchase of the Shares and for the due execution, delivery and performance of this Agreement has been taken.

Appears in 1 contract

Samples: Stock Purchase Agreement (Southern Mineral Corp)

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Power and Authorization. The execution, delivery and performance by the Purchaser Buyer of this Agreement and the consummation of the Contemplated Transactions transactions contemplated hereby are within the power and authority of the Purchaser Buyer and have been duly authorized by all necessary action on the part of the PurchaserBuyer. This Agreement (a) has been duly executed and delivered by the Purchaser Buyer and (b) is a legal, valid and binding obligation of the PurchaserBuyer, enforceable against the Purchaser Buyer in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Giga Tronics Inc)

Power and Authorization. The Purchaser has full legal right, power and authority to enter into and perform its obligations under this Agreement. The execution, delivery and performance by the Purchaser of this Agreement and the consummation of the Contemplated Transactions are within the power and authority of the Purchaser and have been duly authorized by all necessary action on the part of the Purchasercorporate action. This Agreement (a) has been duly and validly executed and delivered by the Purchaser and (b) is a constitutes its legal, valid and binding obligation of the Purchaserobligation, enforceable against the Purchaser it in accordance with its terms.

Appears in 1 contract

Samples: Capital Stock Purchase Agreement (Miracor Diagnostics Inc)

Power and Authorization. The execution, delivery and performance by the Purchaser of this Agreement Agreement, and the consummation by Purchaser of the Contemplated Transactions are within the corporate power and authority of the Purchaser and have been duly authorized by all necessary action on the part of the Purchaser. This Agreement (a) has been duly executed and delivered by Purchaser and, assuming the Purchaser due authorization, execution and (b) delivery by the Seller, is a legal, valid and binding obligation of the Purchaser, enforceable Enforceable against the Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Stemcells Inc)

Power and Authorization. The Purchaser has full legal right, power and authority to enter into and perform its obligations under this Agreement. The execution, delivery and performance by the Purchaser of this Agreement and the consummation of the Contemplated Transactions are within the power and authority of the Purchaser and have been duly authorized by all necessary action on the part of the Purchasercorporate action. This Agreement (a) has been duly and validly executed and delivered by the Purchaser and (b) is a constitutes its legal, valid and binding obligation of the Purchaserobligation, enforceable against the Purchaser it in accordance with its terms.

Appears in 1 contract

Samples: Partnership Interest Purchase Agreement (Miracor Diagnostics Inc)

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