Common use of Authorization of Agreement; Enforceability Clause in Contracts

Authorization of Agreement; Enforceability. The Company has all requisite corporate power and authority to execute and deliver this Agreement and each other agreement, document, instrument and certificate to be executed by the Company in connection with the consummation of the transactions contemplated by this Agreement (the "TRANSACTION DOCUMENTS"), and to perform fully its obligations hereunder and thereunder. The execution, delivery and performance by the Company of this Agreement and the Transaction Documents have been duly authorized by all necessary corporate action on the part of the Company and its members. This Agreement and each of the Transaction Documents have been duly and validly executed and delivered by the Company and, assuming the due authorization, execution and delivery thereof by the Purchasers, this Agreement and each of the Transaction Documents constitute the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 2 contracts

Samples: Share Purchase Agreement (El Sitio Inc), Share Purchase Agreement (El Sitio Inc)

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Authorization of Agreement; Enforceability. The Company has all requisite corporate power and authority to execute and deliver this Agreement and each other agreement, document, instrument and certificate to be executed by the Company in connection with the consummation of the transactions contemplated by this Agreement and the Registration Rights Agreement (collectively, the "TRANSACTION DOCUMENTS"“Transaction Documents”), and to perform fully its obligations hereunder and thereunder. The execution, delivery and performance by the Company of this Agreement and the other Transaction Documents have been duly authorized by all necessary corporate action on the part of the Company and its membersstockholders. This Agreement and each of the other Transaction Documents have been duly and validly executed and delivered by the Company and, assuming the due authorization, execution and delivery thereof by the PurchasersPurchaser, this Agreement and each of the other Transaction Documents constitute the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Consumer Direct of America), Common Stock Purchase Agreement (Consumer Direct of America)

Authorization of Agreement; Enforceability. The Company has all requisite corporate power and authority to execute and deliver this Agreement and each other agreement, document, instrument and certificate to be executed by the Company in connection with the consummation of the transactions contemplated by this Agreement and the Registration Rights Agreement (collectively, the "TRANSACTION DOCUMENTSTransaction Documents"), and to perform fully its obligations hereunder and thereunder. The execution, delivery and performance by the Company of this Agreement and the other Transaction Documents have been duly authorized by all necessary corporate action on the part of the Company and its membersstockholders. This Agreement and each of the other Transaction Documents have been duly and validly executed and delivered by the Company and, assuming the due authorization, execution and delivery thereof by the PurchasersPurchaser, this Agreement and each of the other Transaction Documents constitute the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Crusader Capital Partners II LLC)

Authorization of Agreement; Enforceability. The Company has all ------------------------------------------ requisite corporate power and authority to execute and deliver this Agreement and each other agreement, document, instrument and or certificate contemplated by this Agreement or to be executed by the Company in connection with the consummation of the transactions contemplated by this Agreement (the "TRANSACTION DOCUMENTSTransaction Documents"), ) and to perform fully its obligations hereunder and thereunder. The execution, delivery and performance by the Company of this Agreement and the Transaction Documents have been duly authorized by all necessary corporate action on the part of the Company and its membersCompany. This Agreement and each of the Transaction Documents have been duly and validly executed and delivered by the Company and, and (assuming the due authorization, execution and delivery thereof by the Purchasers, each Purchaser) this Agreement and each of the Transaction Documents constitute constitutes the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 1 contract

Samples: Securities Purchase Agreement (Primus Telecommunications Group Inc)

Authorization of Agreement; Enforceability. The Company has all ------------------------------------------ requisite corporate power and authority to execute and deliver this Agreement and each other agreement, document, instrument and or certificate contemplated by this Agreement or to be executed by the Company in connection with the consummation of the transactions contemplated by this Agreement (the "TRANSACTION DOCUMENTSTransaction Documents"), and to perform fully its obligations hereunder and thereunder. The execution, delivery and performance by the Company of this Agreement and the Transaction Documents have been duly authorized by all necessary corporate action on the part of the Company and its membersshareholders. This Agreement and each of the Transaction Documents have been duly and validly executed and delivered by the Company and, and (assuming the due authorization, execution and delivery thereof by the Purchasers, each Purchaser) this Agreement and each of the Transaction Documents constitute constitutes the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 1 contract

Samples: Securities Purchase Agreement (Purchasepro Com Inc)

Authorization of Agreement; Enforceability. The Company has all requisite corporate power and authority to execute and deliver this Agreement and each other agreement, document, instrument and or certificate contemplated by this Agreement or to be executed by the Company in connection with the consummation of the transactions contemplated by this Agreement (the "TRANSACTION DOCUMENTSTransaction Documents"), and to perform fully its obligations hereunder and thereunder. The execution, delivery and performance by the Company of this Agreement and the Transaction Documents have been duly authorized by all necessary corporate action on the part of the Company and its membersshareholders. This Agreement and each of the Transaction Documents have been duly and validly executed and delivered by the Company and, and (assuming the due authorization, execution and delivery thereof by the Purchasers, each Purchaser) this Agreement and each of the Transaction Documents constitute constitutes the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).affecting

Appears in 1 contract

Samples: Securities Purchase Agreement (MGC Communications Inc)

Authorization of Agreement; Enforceability. The Company has all requisite corporate power and authority to execute and deliver this Agreement and each other agreement, document, instrument and certificate to be certificate, including, but not limited to, the Notes, the Warrants, the Agent Warrants, the Intercreditor and Subordination Agreement and the Security Agreement and any documents executed by the Company and/or filed in connection with therewith (collectively, the consummation of the transactions contemplated by this Agreement (the "TRANSACTION DOCUMENTS"“Transaction Documents”), and to perform fully its obligations hereunder and thereunder. The execution, delivery and performance by the Company of this Agreement and the Transaction Documents have been duly authorized by all necessary corporate action on the part of the Company and its membersCompany. This Agreement and each of the Transaction Documents have been duly and validly executed and delivered by the Company and, assuming the due authorization, execution and delivery thereof by the PurchasersPurchaser, this Agreement and each of the Transaction Documents constitute constitutes the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their its respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 1 contract

Samples: Securities Purchase Agreement (BAXL Holdings, Inc.)

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Authorization of Agreement; Enforceability. The Company has all requisite corporate power and authority to execute and deliver this Agreement and each other agreement, document, instrument and certificate to be executed by the Company in connection with the consummation of the transactions contemplated by this Agreement (collectively, the "TRANSACTION DOCUMENTSTransaction Documents")) by the Company, and to perform fully its obligations hereunder and thereunder. The execution, delivery and performance by the Company of this Agreement and the Transaction Documents to which it is a party have been duly authorized by all necessary corporate action on the part of the Company and its membersstockholders. This Agreement and each of the Transaction Documents have been duly and validly executed and delivered by the Company and, and (assuming the due authorization, execution and delivery thereof by the Purchasersother parties thereto), this Agreement and each of the Transaction Documents constitute the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 1 contract

Samples: Securities Purchase and Stockholder Agreement (Advanced Switching Communications Inc)

Authorization of Agreement; Enforceability. The Company has all requisite corporate power and authority to execute and deliver this Agreement and each other agreement, document, instrument and or certificate contemplated by this Agreement or to be executed by the Company in connection with the consummation of the transactions contemplated by this Agreement (the "TRANSACTION DOCUMENTSTransaction Documents"), and to perform fully its obligations hereunder and thereunder. The execution, delivery and performance by the Company of this Agreement and the Transaction Documents have been duly authorized by all necessary corporate action on the part of the Company and its membersshareholders. This Agreement and each of the Transaction Documents have been duly and validly executed and delivered by the Company and, and (assuming the due authorization, execution and delivery thereof by the Purchasers, each Purchaser) this Agreement and each of the Transaction Documents constitute constitutes the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 1 contract

Samples: Securities Purchase Agreement (MGC Communications Inc)

Authorization of Agreement; Enforceability. The Company has all ------------------------------------------ requisite corporate power and authority to execute and deliver this Agreement and each other agreement, document, instrument and certificate to be executed by the Company in connection with the consummation of the transactions contemplated by this Agreement (the "TRANSACTION DOCUMENTSTransaction Documents"), ) and to perform fully its obligations hereunder and thereunder. The execution, delivery and performance by the Company of this Agreement and the Transaction Documents have been duly authorized by all necessary corporate action on the part of the Company and its membersstockholders. This Agreement and each of the Transaction Documents have been duly and validly executed and delivered by the Company and, and (assuming the due authorization, execution and delivery thereof by the Purchasers), this Agreement and each of the Transaction Documents constitute the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

Appears in 1 contract

Samples: Securities Purchase Agreement (Broadview Networks Holdings Inc)

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