Authorization; No Conflicts. (i) The Company has the corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Board of Directors has approved the transactions contemplated by this Agreement. This Agreement has been duly and validly executed and delivered by the Company and, assuming due authorization, execution and delivery by the Investor, is the valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and similar laws of general applicability relating to or affecting creditors’ rights or by general equity principles (whether applied in equity or at law).
Appears in 9 contracts
Samples: Stock Purchase Agreement (Broadway Financial Corp \De\), Stock Purchase Agreement (Broadway Financial Corp \De\), Stock Purchase Agreement (Broadway Financial Corp \De\)
Authorization; No Conflicts. (i) The Company has the corporate power and authority to execute and deliver this Agreement the Transaction Agreements and to perform its obligations hereunderhereunder and thereunder. The Board of Directors has approved the transactions contemplated by this Agreementthe Transaction Agreements. This Agreement has been been, and the Investor’s Rights Agreement will be, when executed and delivered by the Company, duly and validly executed and delivered by the Company and, assuming due authorization, execution and delivery by the Investor, is is, and the Investor’s Rights Agreement will be, the valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and similar laws of general applicability relating to or affecting creditors’ rights or by general equity principles (whether applied in equity or at law).
Appears in 3 contracts
Samples: Stock Purchase Agreement (Broadway Financial Corp \De\), Stock Purchase Agreement (Broadway Financial Corp \De\), Stock Purchase Agreement (Broadway Financial Corp \De\)