Power, Authorization and Validity. The Company has the corporate power, legal capacity and corporate authority to carry on its business as presently conducted, to enter into and perform its obligations under this Agreement and each of the other Transaction Documents to which it is a party, and to carry out the transactions contemplated hereby and thereby, and to issue, sell and deliver the Securities.
Appears in 3 contracts
Samples: Securities Purchase Agreement (China New Energy Group CO), Convertible Preferred Stock Securities Purchase Agreement (China New Energy Group CO), Convertible Preferred Stock Securities Purchase Agreement (China New Energy Group CO)
Power, Authorization and Validity. (a) The Company has the corporate power, all requisite legal capacity and corporate authority to carry on its business as presently conducted, power to enter into into, execute, deliver and perform its obligations under this Agreement and each of the other Transaction Documents to which it is a party, and to carry out the transactions contemplated hereby and thereby, and to issue, sell . Each Subsidiary that will execute and deliver the Securitiesany Transaction Document has all requisite legal and corporate power to enter into, execute, deliver and perform its obligations under each such Transaction Document.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Distributed Energy Systems Corp), Securities Purchase Agreement (Perseus Partners Vii L P)
Power, Authorization and Validity. (a) The Company has the corporate power, legal capacity power and corporate authority to carry on its business as presently conductedexecute and deliver, and to enter into consummate the transactions contemplated by the Unit Agreements to which it is or will be a party and to perform its obligations under this Agreement each of them. This Subscription has been duly and validly approved and authorized by the Company. The execution and deliver of, and the consummation of the transactions contemplated by, each of the other Transaction Documents Unit Agreements to which it the Company is or will be a party, and to carry out party has been duly authorized by all necessary corporate action on the transactions contemplated hereby and thereby, and to issue, sell and deliver part of the SecuritiesCompany.
Appears in 1 contract
Samples: Subscription Agreement (Elara LTD)
Power, Authorization and Validity. The Company has the corporate power, legal capacity and corporate authority to carry on its business as presently conducted, to enter into and perform its obligations under this Agreement and each of the other Transaction Documents to which it is a partyAgreement, and to carry out the transactions contemplated hereby and therebyhereby, and to issue, sell and deliver the SecuritiesNote.
Appears in 1 contract
Samples: Note Purchase Agreement (China New Energy Group CO)
