Common use of Authorization of Issuance Clause in Contracts

Authorization of Issuance. The execution, delivery and performance of each of the Transaction Documents have been duly authorized by all necessary action by each Transaction Document Party that is a party thereto. The issuance of the Notes by the Issuer in accordance with the terms of this Agreement, and the performance by the Issuer of its obligations hereunder have been duly authorized by all necessary corporate action on the part of the Issuer.

Appears in 2 contracts

Samples: Convertible Note Facility Agreement (Eco-Stim Energy Solutions, Inc.), Convertible Note Facility Agreement (Eco-Stim Energy Solutions, Inc.)

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Authorization of Issuance. The execution, delivery and performance of each of the Transaction Note Documents and the Related Agreements have been duly authorized by all necessary action by on the part of each Transaction Document Party that is a party thereto. The issuance of the Notes by the Issuer in accordance with the terms of this Agreement, and the performance by the Issuer of its obligations hereunder have been duly authorized by all necessary corporate action on the part of the Issuer.

Appears in 1 contract

Samples: Note Purchase Agreement (OTG EXP, Inc.)

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Authorization of Issuance. The execution, delivery and performance of each of the Transaction Financing Documents have been duly authorized by all necessary action by each Transaction Document Party that is a party thereto. The issuance of the Notes Note by the Issuer in accordance with the terms of this Agreement, Agreement and the performance by the Issuer of its obligations hereunder thereunder have been duly authorized by all necessary corporate action on the part of the Issuer.

Appears in 1 contract

Samples: Note Purchase Agreement (Ormat Technologies, Inc.)

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