Authorization of Subscription, etc Sample Clauses

Authorization of Subscription, etc. Such Subscriber is an entity of the kind set forth below its signature on the signature pages hereof and is duly organized, formed or incorporated, as the case may be, and validly existing and in good standing, under the laws of such Subscriber’s jurisdiction of organization, formation or incorporation set forth below its signature on the signature pages hereof, and such Subscriber has all requisite power and authority to execute and deliver this Agreement, to perform such Subscriber’s obligations under this Agreement and the Agreement Among Members, and to subscribe for hereunder. The subscription by such Subscriber of Warrants and such Subscriber’s execution, delivery and performance of this Agreement have been authorized by all necessary corporate or other action on such Subscriber’s behalf, and this Agreement are such Subscriber’s legal, valid and binding obligations, enforceable against such Subscriber in accordance with their respective terms (except insofar as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other laws of general applicability relating to or affecting creditors’ rights, or by principles governing the availability of equitable remedies, whether considered in a proceeding at law or in equity).