Authorization, Execution and Enforceability. (a) The Company has all requisite corporate power and authority to execute, deliver and perform this Agreement and the each of the other Transaction Agreements and to consummate the Transactions. The execution, delivery and performance of this Agreement and each of the other Transaction Agreements and the consummation of the Transactions has been duly authorized by the Board and the Audit Committee and no further corporate action on the part of the Company is required in connection therewith. (b) This Agreement has been duly executed and delivered by the Company and constitutes, and, upon execution and delivery thereof as contemplated herein, each of the other Transaction Agreements will have been duly executed and delivered by the Company and will constitute, a legal, valid and binding obligation of the Company enforceable against it in accordance with its terms.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Broadpoint Securities Group, Inc.), Stock Purchase Agreement (Broadpoint Securities Group, Inc.)
Authorization, Execution and Enforceability. (a) The Company has all requisite corporate power and authority to execute, deliver and perform this Agreement and the each of the other Transaction Agreements Document to which it is a party and to consummate each of the Transactions. The execution, delivery and performance of this Agreement and each of Transaction Document to which the other Transaction Agreements Company is a party and the consummation of each of the Transactions has been duly authorized by the Board and the Audit Committee and no further corporate action on the part of the Company (including any action by the shareholders of the Company) is required in connection therewith.
(b) This Agreement has been duly executed and delivered by the Company and constitutes, and, upon execution and delivery thereof as contemplated herein, each of the other Transaction Agreements Document to which the Company is a party will have been duly executed and delivered by the Company and will constitute, a legal, valid and binding obligation of the Company enforceable against it in accordance with its terms.
Appears in 2 contracts
Samples: Series a Convertible Preferred Shares Purchase Agreement (China BCT Pharmacy Group, Inc.), Series a Convertible Preferred Shares Purchase Agreement (China BCT Pharmacy Group, Inc.)
