Authorization; Validity; Enforcement. The Company has the requisite corporate power and capacity (as such term is interpreted under the laws of the Province of Ontario) to enter into, deliver and perform its obligations under the Transaction Documents. The execution, delivery and performance of the Transaction Documents to which it is a party and the consummation by the Company of the Transactions have been duly authorized by the board of directors (or other governing body) of the Company and all other necessary corporate action on the part of the Company. No other proceedings on the part of the Company are necessary to authorize the execution, delivery and performance by the Company of any of the Transaction Documents to which it is a party and consummation of the Transactions. Each of the Transaction Documents has been duly and validly executed and delivered by the Company. Assuming each of the Transaction Documents has been duly and validly authorized, executed and delivered on behalf of each of the parties thereto (other than the Company), each of the Transaction Documents is a valid and binding obligation of the Company, enforceable against the Company in accordance with its respective terms, subject to the Enforceability Exceptions.
Appears in 6 contracts
Samples: Subscription Agreement (Li-Cycle Holdings Corp.), Subscription Agreement (Li-Cycle Holdings Corp.), Subscription Agreement (Li-Cycle Holdings Corp.)
