Corporate Power and Authority; Enforceability. The Company has the corporate power and authority to execute and deliver this Agreement and each of the other Transaction Documents to which the Company is a party, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. This Agreement and the other Transaction Documents to which the Company is a party constitute the legal, valid, and binding obligation of the Company, and is enforceable against the Company in accordance with their respective terms.
Appears in 2 contracts
Samples: Preferred Stock Exchange Agreement, Preferred Stock Exchange Agreement (Nexxus Lighting, Inc.)
Corporate Power and Authority; Enforceability. The Company has the corporate power and authority to execute and deliver this Agreement and each of the other Transaction Documents to which the Company is a partyAgreement, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and therebyhereby. This Agreement and the other Transaction Documents to which the Company is a party constitute constitutes the legal, valid, and binding obligation of the Company, and is enforceable against the Company in accordance with their respective its terms.
Appears in 2 contracts
Samples: Termination and Exchange Agreement (Nexxus Lighting, Inc.), Exchange Agreement (Super Vision International Inc)
