Authority Relative to this Agreement and the Registration Rights Agreement. SkyTerra has the requisite corporate power and authority to execute and deliver this Agreement and the Registration Rights Agreement and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the Registration Rights Agreement by SkyTerra and the consummation by SkyTerra of the transactions contemplated hereby and thereby have been duly authorized by SkyTerra’s Board of Directors, and no other corporate or stockholder proceedings on the part of SkyTerra are necessary to authorize this Agreement and the Registration Rights Agreement or for SkyTerra to consummate the transactions contemplated hereby or thereby. Each of this Agreement and the Registration Rights Agreement has been duly and validly executed and delivered by SkyTerra and, assuming the due authorization, execution and delivery thereof by Blocker Corporation and the Funds, constitutes the valid and binding obligation of SkyTerra, enforceable against SkyTerra in accordance with its terms.
Appears in 2 contracts
Samples: Exchange Agreement (Skyterra Communications Inc), Exchange Agreement (Motient Corp)
Authority Relative to this Agreement and the Registration Rights Agreement. SkyTerra has the requisite corporate power and authority to execute and deliver this Agreement Agreement, and the Registration Rights Agreement and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the Registration Rights Agreement by SkyTerra and the consummation by SkyTerra of the transactions contemplated hereby and thereby have been duly authorized by SkyTerra’s Board of Directors, and no other corporate or stockholder proceedings on the part of SkyTerra are necessary to authorize this Agreement and or the Registration Rights Agreement or for SkyTerra to consummate the transactions contemplated hereby or thereby. Each of this This Agreement and the Registration Rights Agreement has have been duly and validly executed and delivered by SkyTerra and, assuming the due authorization, execution and delivery thereof by Blocker Corporation Motient and the FundsSub, constitutes constitute the valid and binding obligation obligations of SkyTerra, enforceable against SkyTerra in accordance with its their terms.
Appears in 2 contracts
Samples: Exchange Agreement (Skyterra Communications Inc), Exchange Agreement (Motient Corp)
Authority Relative to this Agreement and the Registration Rights Agreement. SkyTerra has the requisite corporate power and authority to execute and deliver this Agreement Agreement, and the Registration Rights Agreement and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the Registration Rights Agreement by SkyTerra and the consummation by SkyTerra of the transactions contemplated hereby and thereby have been duly authorized by SkyTerra’s Board of Directors, and no other corporate or stockholder proceedings on the part of SkyTerra are necessary to authorize this Agreement and or the Registration Rights Agreement or for SkyTerra to consummate the transactions contemplated hereby or thereby. Each of this This Agreement and the Registration Rights Agreement has have been duly and validly executed and delivered by SkyTerra and, assuming the due authorization, execution and delivery thereof by Blocker Corporation BCE and the Fundsany of its subsidiaries party thereto, constitutes constitute the valid and binding obligation obligations of SkyTerra, enforceable against SkyTerra in accordance with its their terms.
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