Common use of Authorization and Binding Nature Clause in Contracts

Authorization and Binding Nature. The execution, delivery and performance by the Purchaser of the Agreements have been duly authorized by all requisite corporate action on the part of the Purchaser. The Agreements constitute the valid and legally binding obligations of the Purchaser, enforceable against the Purchaser in accordance with their respective terms, except as enforceability may be limited by securities laws, bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights of creditors generally and by equitable principles, including those limiting the availability of specific performance, injunctive relief and other equitable remedies and those providing for equitable defenses.

Authorization and Binding Nature. The execution, delivery and performance by the Purchaser Company of the Agreements have and the issuance and delivery of the Shares has been duly authorized by all requisite corporate action on the part of the PurchaserCompany. The Agreements constitute the valid and legally binding obligations of the PurchaserCompany, enforceable against the Purchaser Company in accordance with their respective terms, except as enforceability may be limited by securities laws, bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights of creditors generally and by equitable principles, including those limiting the availability of specific performance, injunctive relief and other equitable remedies and those providing for equitable defenses.

Authorization and Binding Nature. The execution, delivery and performance by the Purchaser of the Agreements have Agreement has been duly authorized by all requisite corporate action on the part of the Purchaser. The Agreements constitute Agreement constitutes the valid and legally binding obligations obligation of the Purchaser, enforceable against the Purchaser in accordance with their respective its terms, except as enforceability may be limited by securities laws, bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights of creditors generally and by equitable principles, including those limiting the availability of specific performance, injunctive relief and other equitable remedies and those providing for equitable defensesremedies.