Common use of Authority, Non-Contravention, Required Filings Clause in Contracts

Authority, Non-Contravention, Required Filings. (a) Seller has the requisite organizational power and authority to execute and deliver this Agreement and each Purchase Confirmation and to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and each Purchase Confirmation by Seller, the performance by Seller of its obligations hereunder and thereunder and the consummation by Seller of the transactions contemplated hereby and thereby, have been duly authorized by all necessary organizational action on the part of Seller.

Appears in 2 contracts

Samples: Heloc Flow Purchase and Servicing Agreement (PennyMac Financial Services, Inc.), Heloc Flow Purchase and Servicing Agreement (PennyMac Mortgage Investment Trust)

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Authority, Non-Contravention, Required Filings. (a) The Seller has the requisite organizational power and authority to execute and deliver this Agreement and each Purchase Confirmation the other Transaction Documents to which the Seller is a Party and to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and each Purchase Confirmation by Seller, the other Transaction Documents and the performance by the Seller of its obligations hereunder and thereunder and the consummation by the Seller of the transactions contemplated hereby and thereby, have has been duly authorized by all necessary organizational company action on the part of the Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Biodelivery Sciences International Inc)

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Authority, Non-Contravention, Required Filings. (a) The Seller has the requisite organizational power and authority to execute and deliver this Agreement and each Purchase Confirmation the other Transaction Documents to which the Seller is a Party and to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and each Purchase Confirmation by Seller, the other Transaction Documents to which the Seller is a Party and the performance by the Seller of its obligations hereunder and thereunder and the consummation by the Seller of the transactions contemplated hereby and thereby, have has been duly authorized by all necessary organizational company action on the part of the Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tonix Pharmaceuticals Holding Corp.)

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