Common use of Authorization and Binding Nature Clause in Contracts

Authorization and Binding Nature. The execution, delivery and performance by the Company of the Agreements and the issuance and delivery of the Shares, the Warrant and the shares of Common Stock issuable upon exercise of the Warrant (the "Warrant Shares") has been duly authorized by all requisite corporate action on the part of the Company and the Agreements constitute valid and legally binding obligations of the Company, enforceable against the Company in accordance with their respective terms.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Student Advantage Inc), Securities Purchase Agreement (Student Advantage Inc), Securities Purchase Agreement (Student Advantage Inc)

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Authorization and Binding Nature. The execution, delivery and performance by the Company of the Agreements and the issuance and delivery of the Shares, the Warrant and the 2 shares of Common Stock issuable upon exercise of the Warrant (the "Warrant Shares") has been duly authorized by all requisite corporate action on the part of the Company and the Agreements constitute valid and legally binding obligations of the Company, enforceable against the Company in accordance with their respective terms.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Student Advantage Inc), Securities Purchase Agreement (Student Advantage Inc)

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Authorization and Binding Nature. The execution, delivery and performance by the Company of the Agreements and the issuance and delivery of the Shares, the Warrant Warrants and the shares of Common Stock issuable upon exercise of the Warrant Warrants (the "Warrant Shares") has been duly authorized by all requisite corporate action on the part of the Company and the Agreements constitute valid and legally binding obligations of the Company, enforceable against the Company in accordance with their respective terms.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Student Advantage Inc), Securities Purchase Agreement (Student Advantage Inc)

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