Common use of Authority; Binding Nature of Agreement Clause in Contracts

Authority; Binding Nature of Agreement. (a) The Company has all necessary corporate power and authority to enter into and to perform its obligations under this Agreement and, subject to receipt of the Required Company Stockholder Vote, to consummate the Contemplated Transactions. The Company Board (at meetings duly called and held or by unanimous written consent) has (i) determined that the Contemplated Transactions are fair to, advisable and in the best interests of the Company and its stockholders, (ii) authorized, approved and declared advisable this Agreement and the Contemplated Transactions and (iii) determined to recommend, upon the terms and subject to the conditions set forth in this Agreement, that the stockholders of the Company vote in favor of the Company Stockholder Matters.

Appears in 8 contracts

Samples: Support Agreement (Traws Pharma, Inc.), Agreement and Plan of Merger (BiomX Inc.), Agreement and Plan of Merger (Spyre Therapeutics, Inc.)

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Authority; Binding Nature of Agreement. (a) The Company has all necessary corporate power and authority to enter into and to perform its obligations under this Agreement and, subject to receipt of the Required Company Stockholder Vote, to perform its obligations under this Agreement and to consummate the Contemplated Transactions. The Company Board (at meetings duly called and held or by unanimous written consentconsent in lieu of a meeting) has unanimously: (ia) determined that the Contemplated Transactions are fair to, advisable and in the best interests of the Company and its stockholders, ; (iib) authorized, approved and declared advisable this Agreement and the Contemplated Transactions Transactions; and (iiic) determined to recommend, upon the terms and subject to the conditions set forth in this Agreement, that the stockholders of the Company vote in favor of to approve the Company Stockholder Matters.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Skye Bioscience, Inc.), Agreement and Plan of Merger and Reorganization (Skye Bioscience, Inc.)

Authority; Binding Nature of Agreement. (a) The Company has all necessary corporate power and authority to enter into and to perform its obligations under this Agreement and, subject to receipt of the Required Company Stockholder Vote, to perform its obligations hereunder and to consummate the Contemplated Transactions. The Company Board (at meetings duly called and held or by unanimous written consentheld) has (i) determined that the Contemplated Transactions are fair to, advisable and in the best interests of the Company and its stockholders, (ii) authorized, approved and declared advisable this Agreement and the Contemplated Transactions and (iii) determined to recommend, upon the terms and subject to the conditions set forth in this Agreement, that the stockholders of the Company vote in favor of the Company Stockholder Matters.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Newlink Genetics Corp), Agreement and Plan of Merger and Reorganization (GTX Inc /De/)

Authority; Binding Nature of Agreement. (a) The Company has all necessary corporate power and authority to enter into and to perform its obligations under this Agreement and, subject to receipt of the Required Company Stockholder Vote, to consummate the Contemplated Transactions. The Company Board (at meetings duly called and held or by unanimous written consentheld) has (i) determined that the Contemplated Transactions are fair to, advisable and in the best interests of the Company and its stockholders, (ii) authorized, approved and declared advisable this Agreement and the Contemplated Transactions and (iii) determined to recommend, upon the terms and subject to the conditions set forth in this Agreement, that the stockholders of the Company vote in favor of to approve the Company Stockholder Matters.

Appears in 2 contracts

Samples: Agreement and Plan of Merger and Reorganization (Rexahn Pharmaceuticals, Inc.), Agreement and Plan of Merger and Reorganization (Rexahn Pharmaceuticals, Inc.)

Authority; Binding Nature of Agreement. (a) The Company has all necessary corporate power and authority to enter into and to perform its obligations under this Agreement and, subject to receipt of the Required Company Stockholder Vote, to consummate the Contemplated Transactions. The Company Board (at a meeting or meetings duly called and held or by unanimous written consentand at which all members were present) has unanimously (i) determined that the Contemplated Transactions are fair to, advisable and in the best interests of of, the Company and its stockholders, (ii) authorized, approved and declared advisable this Agreement and the Contemplated Transactions and (iii) determined to recommend, upon the terms and subject to the conditions set forth in this Agreement, that the stockholders of the Company vote in favor of to approve the Company Stockholder Matters.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sesen Bio, Inc.)

Authority; Binding Nature of Agreement. (a) The Company has all necessary corporate power and authority to enter into and to perform its obligations under this Agreement and, subject to receipt of the Required Company Stockholder Vote, to perform its obligations hereunder and to consummate the Contemplated Transactions. The Company Board (at meetings duly called and held or by unanimous written consentconsent in lieu of a meeting) has (i) determined that the Contemplated Transactions are advisable and fair to, advisable and in the best interests of of, the Company and its stockholders, (ii) authorized, approved and declared advisable this Agreement and the Contemplated Transactions Transactions, and (iii) determined to recommend, upon the terms and subject to the conditions set forth in this Agreement, that the stockholders of the Company vote in favor of the Company Stockholder Matters.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Proteon Therapeutics Inc)

Authority; Binding Nature of Agreement. (a) The Company has all necessary corporate power and authority to enter into and to perform its obligations under this Agreement and, subject to the receipt of the Required Company Stockholder Vote, to consummate the Contemplated Transactions. The Company Board (at meetings duly called and held or by unanimous written consentheld) has (i) determined that the Contemplated Transactions are fair to, advisable and in the best interests of the Company and its stockholders, (ii) authorized, approved and declared advisable this Agreement and the Contemplated Transactions and (iii) determined to recommend, upon the terms and subject to the conditions set forth in this Agreement, that the stockholders of the Company vote in favor of to approve the Company Stockholder Matters.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ritter Pharmaceuticals Inc)

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Authority; Binding Nature of Agreement. (a) The Company has and each of its Subsidiaries have all necessary corporate power and authority to enter into and to perform its obligations under this Agreement and, subject to receipt of the Required Company Stockholder Vote, to consummate the Contemplated Transactions. The Company Board (at meetings duly called and held or by unanimous written consentheld) has (i) determined that the Contemplated Transactions are fair to, advisable and in the best interests of the Company and its stockholders, (ii) authorized, approved and declared advisable this Agreement and the Contemplated Transactions and (iii) determined to recommend, upon the terms and subject to the conditions set forth in this Agreement, that the stockholders of the Company vote in favor of the Company Stockholder Matters.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Aquinox Pharmaceuticals, Inc)

Authority; Binding Nature of Agreement. (a) The a)The Company has and its Subsidiaries have all necessary corporate power and authority to enter into and to perform its obligations under this Agreement and, subject to receipt of the Required Company Stockholder Vote, to consummate the Contemplated Transactions. The Company Board (at meetings duly called and held or by unanimous written consent) has (i) determined that the Contemplated Transactions are fair to, advisable and in the best interests of the Company and its stockholders, (ii) authorized, approved and declared advisable this Agreement and the Contemplated Transactions and (iii) determined to recommend, upon the terms and subject to the conditions set forth in this Agreement, that the stockholders of the Company vote in favor of the Company Stockholder Matters.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Baudax Bio, Inc.)

Authority; Binding Nature of Agreement. (a) The Company has all necessary corporate power and authority to enter into and to perform its obligations under this Agreement and, subject to receipt of the Required Company Stockholder Vote, to consummate the Contemplated TransactionsAgreement. The Company Board (at meetings duly called and held or by unanimous written consent) has has: (i) determined that the Contemplated Transactions are fair to, advisable and in the best interests of the Company and its stockholders, shareholders; (ii) authorizedduly authorized and approved by all necessary corporate action, approved the execution, delivery and declared advisable performance of this Agreement and the Contemplated Transactions; and (iii) recommended the approval of the this Agreement and the Contemplated Transactions and (iii) determined to recommend, upon the terms and subject to the conditions set forth in this Agreement, that the stockholders of by the Company vote in favor Shareholders and directed that approval of this Agreement and the Contemplated Transactions be submitted for consideration by Company Stockholder MattersShareholders.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Mer Telemanagement Solutions LTD)

Authority; Binding Nature of Agreement. (a) The Company has all necessary corporate power and authority to enter into and to perform its obligations under this Agreement and, subject to receipt of the Required Company Stockholder Vote, to perform its obligations hereunder and to consummate the Contemplated Transactions. The Company Board (at meetings duly called and held or by unanimous written consentheld) has (i) determined that the Contemplated Transactions are fair to, advisable and in the best interests of the Company and its stockholders, (ii) authorized, approved and declared advisable this Agreement and the Contemplated Transactions and (iii) determined to recommend, upon the terms and subject to the conditions set forth in this Agreement, that the stockholders of the Company vote in favor of the Company Stockholder Matters.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Histogenics Corp)

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