Common use of Authorization of Purchaser Clause in Contracts

Authorization of Purchaser. Purchaser has the requisite legal capacity to execute and deliver this Agreement and each Ancillary Agreement to which it is a party, and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance by Purchaser of this Agreement and each of the Ancillary Agreements to which it is a party have been duly authorized by all necessary action on the part of Purchaser.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Generex Biotechnology Corp), Stock Purchase Agreement (Generex Biotechnology Corp)

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Authorization of Purchaser. The Purchaser has the requisite legal all necessary power, authority and capacity to execute and deliver enter into this Agreement and each Ancillary to carry out the Purchaser's obligations under this Agreement. This Agreement to which it is a partyconstitutes the legal, valid and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance by Purchaser of this Agreement and each binding obligation of the Ancillary Agreements to which it is a party have been duly authorized by all necessary action on Purchaser enforceable against the part of PurchaserPurchaser in accordance with its terms.

Appears in 1 contract

Samples: Share Purchase Agreement (Sphere 3D Corp.)

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Authorization of Purchaser. Purchaser has the requisite legal capacity to execute and deliver this Agreement and each Ancillary Agreement to which it is a party, and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance by the Purchaser of this Agreement and each of the Ancillary Agreements Documents to which it is a party have been duly authorized by all necessary action on the part of the Purchaser.

Appears in 1 contract

Samples: Stock Purchase Agreement (Generex Biotechnology Corp)

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