Consents, Official Body Approvals. The execution and delivery of this Agreement and the performance by Subscriber of its obligations hereunder have been duly authorized by all necessary action on the part of Subscriber, and no Consent under any applicable law and no registration, qualification, designation, declaration or filing with any official body having jurisdiction over Subscriber is or was necessary therefor. Subscriber possesses all Consents, in full force and effect, under any applicable law, which are necessary in connection with the operation of its business, the nonpossession of which could reasonably be expected to have a material adverse effect on Subscriber.
Appears in 3 contracts
Samples: Investment Agreement (American Copper Corp.), Investment Agreement (Patriot Berry Farms, Inc.), Investment Agreement (Lone Star Gold, Inc.)
Consents, Official Body Approvals. The execution and delivery of this the Agreement and the performance by the Subscriber of its obligations hereunder thereunder have been duly authorized by all necessary action on the part of the Subscriber, and no Consent under any applicable law and no registration, qualification, designation, declaration or filing with any official body having jurisdiction over the Subscriber is or was necessary therefor. The Subscriber possesses all Consents, in full force and effect, under any applicable law, which are necessary in connection with the operation of its business, the nonpossession non-possession of which could reasonably be expected to have a material adverse effect on the Subscriber.;
Appears in 2 contracts
Samples: Stock Issuance Agreement (American Power Corp.), Equity Issuance Agreement (Silver America, Inc.)