Common use of Authorization of the Agreement Clause in Contracts

Authorization of the Agreement. Purchaser has all requisite power and authority (corporate or otherwise) to execute, deliver and perform the Subscription Application and this Agreement (sometimes referred to hereinafter collectively as the "Financing Documents") and the transactions contemplated thereby and hereby, and the execution, delivery and performance by Purchaser of the Financing Documents have been duly authorized by all requisite action by Purchaser and each such Financing Document, when executed and delivered by Purchaser, constitutes a valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other 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).

Authorization of the Agreement. Purchaser Subscriber has all requisite power and authority (corporate or otherwise) to execute, deliver and perform the Subscription Application and this Agreement (sometimes referred to hereinafter collectively as the "“Financing Documents"”) and the transactions contemplated thereby and hereby, and the execution, delivery and performance by Purchaser Subscriber of the Financing Documents have been duly authorized by all requisite action by Purchaser Subscriber and each such Financing Document, when executed and delivered by PurchaserSubscriber, constitutes a valid and binding obligation of PurchaserSubscriber, enforceable against Purchaser Subscriber in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other 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).