Common use of Authorization of the Agreement Clause in Contracts

Authorization of the Agreement. The execution, delivery and performance by LTC of this Agreement and the Notes have been duly authorized by all requisite corporate action on the part of LTC, and this Agreement and the Notes constitute legal, valid and binding obligations of LTC, enforceable against LTC in accordance with their terms, except to the extent that enforceability may be limited by bankruptcy, insolvency or similar laws affecting creditors' rights generally or by general principles of equity.

Appears in 3 contracts

Samples: Note Purchase and Sale Agreement (Lithium Technology Corp), Note Purchase and Sale Agreement (Lithium Technology Corp), Note Purchase and Sale Agreement (Lithium Technology Corp)

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Authorization of the Agreement. The execution, delivery and performance by LTC of this Agreement and the Notes have has been duly authorized by all requisite corporate action on the part of LTC, and this Agreement and the Notes constitute constitutes a legal, valid and binding obligations obligation of LTC, enforceable against LTC in accordance with their its terms, except to the extent that enforceability may be limited by bankruptcy, insolvency or similar laws affecting creditors' rights generally or by general principles of equity.

Appears in 2 contracts

Samples: Termination Agreement (Lithium Technology Corp), Termination Agreement (Lithium Technology Corp)

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