Corporate Power, Capacity and Authorization Sample Clauses

Corporate Power, Capacity and Authorization. CDB has the requisite corporate power and capacity to enter into this Agreement and to perform its obligations hereunder, and CDB and each of its Subsidiaries have their respective corporate power and capacity to own or lease its property and to carry on the Business as now being conducted by it. This Agreement has been duly authorized, executed and delivered by CDB and constitutes a legal, valid and binding obligation of CDB, enforceable against CDB by the Standby Purchaser in accordance with its terms, except as enforcement may be limited by: (i) applicable bankruptcy, insolvency and any other laws affecting the rights of creditors generally; (ii) equitable remedies that may be granted in the discretion of a court of competent jurisdiction including the remedies of specific performance and injunctive relief; (iii) the statutory and inherent powers of a court of competent jurisdiction to grant relief from forfeiture, to stay proceedings before it and to stay executions and judgements; (iv) applicable Laws limiting rights to indemnity, contribution, waiver, and the ability to sever unenforceable terms; and (v) applicable Laws regarding limitations of actions.
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Corporate Power, Capacity and Authorization. Shoal Point has the corporate power and capacity to enter into this Agreement and to perform its obligations hereunder, and Shoal Point has the corporate power and capacity to own or lease its property and to carry on the Business as now being conducted by it. This Agreement has been duly authorized, executed and delivered by Shoal Point and constitutes a legal, valid and binding obligation of Shoal Point, enforceable against Shoal Point by the Standby Purchasers in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency and any other laws affecting the rights of creditors generally and except such equitable remedies that may be granted in the discretion of a court of competent jurisdiction. Each of the Contracts required by this Agreement to be delivered by Shoal Point at the Closing Time has been or at the Closing Time will be duly authorized by Shoal Point. Each of the Offering Circular and the Offering Notice, the issuance of Rights and the issuance of the Common Shares on the exercise thereof, the sale of the Standby Shares, the issuance of the Warrants and the Warrant Shares, have been duly authorized by Shoal Point. At the Closing Time, each of the Contracts required by this Agreement to be delivered by Shoal Point will be duly executed and delivered by Shoal Point and will be valid and binding obligations of Shoal Point, enforceable in accordance with their respective terms.
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Corporate Power, Capacity and Authorization. LAC has the corporate power and capacity to enter into this Agreement and to perform its obligations hereunder, to own or lease its property and to carry on the Business as now being conducted by it. This Agreement has been duly authorized, executed and delivered by LAC and constitutes a legal, valid and binding obligation of LAC, enforceable against LAC by each of the Standby Purchasers in accordance with its terms. Each of the agreements, contracts and instruments required by this Agreement to be delivered by LAC at the Closing Time has been duly authorized by LAC. Each of the Prospectus, the Form F-7 registration statement, the issuance of Rights and the issuance of the Common Shares on the exercise thereof and the sale of the Standby Shares have been duly authorized by LAC. At the Closing Time, each of the agreements, contracts and instruments required by this Agreement to be delivered by LAC will be duly executed and delivered by LAC and will be valid and binding obligations of LAC, enforceable in accordance with their respective terms.
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Corporate Power, Capacity and Authorization. CGX has the requisite corporate power and capacity to enter into this Agreement and to perform its obligations hereunder, and CGX and each of its Subsidiaries have their respective corporate power and capacity to own or lease its property and to carry on the Business as now being conducted by it. This Agreement has been duly authorized, executed and delivered by CGX and constitutes a legal, valid and binding obligation of CGX, enforceable against CGX by the Standby Purchaser in accordance with its terms, except as enforcement may be limited by: (i) applicable bankruptcy, insolvency and any other laws affecting the rights of creditors generally; (ii) equitable remedies that may be granted in the discretion of a court of competent jurisdiction including the remedies of specific performance and injunctive relief; (iii) the statutory and inherent powers of a court of competent jurisdiction to grant relief from forfeiture, to stay proceedings before it and to stay executions and judgements; (iv) applicable Laws limiting rights to indemnity, contribution, waiver, and the ability to sever unenforceable terms; and (v) applicable Laws regarding limitations of actions. Each of the Contracts required by this Agreement to be delivered by CGX at the Closing Time on the Closing Date has been, or at the Closing Time on the Closing Date will be, duly authorized by CGX. Each of the Offering Circular and the Offering Notice, the issuance of Rights and the issuance of the Common Shares on the exercise thereof, the sale of the Standby Shares, the issuance of the Warrants and the Warrant Shares issuable upon the exercise of the Warrants, will have authorized by CGX prior to the Record Date. At the Closing Time on the Closing Date, each of the Contracts required by this Agreement to be delivered by CGX will be duly executed and delivered by CGX and will be valid and binding obligations of CGX, enforceable in accordance with their respective terms subject to the same limitations set out in this Section 5.3 (i) through (v).
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Corporate Power, Capacity and Authorization. CDB has the requisite corporate power and capacity to enter into this Agreement and to perform its obligations hereunder, and CDB and each of its Subsidiaries have their respective corporate power and capacity to own or lease its property and to carry on the Business as now being conducted by it. This Agreement has been duly authorized, executed and delivered by CDB and constitutes a legal, valid and binding obligation of CDB, enforceable against CDB by the Purchaser in accordance with its terms, except as enforcement may be limited by: (i) applicable bankruptcy, insolvency and any other laws affecting the rights of creditors generally;
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Related to Corporate Power, Capacity and Authorization

  • Corporate Power and Authorization The Borrower has the corporate power and authority to execute, deliver, perform, and take all actions contemplated by, each of the Loan Documents to which it is a party, and all such action has been duly and validly authorized by all necessary corporate proceedings on its part. Without limiting the foregoing, the Borrower has the corporate power and authority to borrow pursuant to the Loan Documents to the fullest extent permitted hereby and thereby from time to time, and has taken all necessary corporate action to authorize such borrowings.

  • Corporate Power and Authority Each Borrower has all requisite corporate power and authority to enter into this Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (the "AMENDED AGREEMENT").

  • Power and Authorization The Company is duly incorporated, validly existing and in good standing under the laws of its state of incorporation, and has the power, authority and capacity to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the Exchange contemplated hereby.

  • Requisite Power and Authority Such Subscriber has all necessary power and authority under all applicable provisions of law to execute and deliver this Subscription Agreement and other agreements required hereunder and to carry out their provisions. All action on Subscriber’s part required for the lawful execution and delivery of this Subscription Agreement and other agreements required hereunder have been or will be effectively taken prior to the Closing Date. Upon their execution and delivery, this Subscription Agreement and other agreements required hereunder will be valid and binding obligations of Subscriber, enforceable in accordance with their terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights and (b) as limited by general principles of equity that restrict the availability of equitable remedies.

  • Corporate Power; Authorization The Company has all requisite corporate power and has taken all requisite corporate action to execute and deliver this Warrant, to sell and issue the Warrant and Warrant Stock and to carry out and perform all of its obligations hereunder. This Warrant has been duly authorized, executed and delivered on behalf of the Company by the person executing this Warrant and constitutes the valid and binding agreement of the Company, enforceable in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization or similar laws relating to or affecting the enforcement of creditors' rights generally and (ii) as limited by equitable principles generally.

  • Corporate Power and Authority; No Conflicts The execution, delivery and performance by Borrower and each Guarantor of the Loan Documents to which it is a party have been duly authorized by all necessary corporate action and do not and will not: (a) require any consent or approval of its stockholders which has not been obtained; (b) contravene its certificate of incorporation or by-laws; (c) violate any provision of, or require any filing (other than the filing of the financing statements contemplated by the Security Documents), registration, consent or approval under any Law (including, without limitation, Regulations T, U and X of the Board of Governors), order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to Borrower or any Guarantor; (d) result in a breach of or constitute a default under or require any consent under any indenture or loan or credit agreement or any other agreement, lease or instrument to which Borrower or any Guarantor is a party or by which it or its properties may be bound or affected; (e) result in, or require, the creation or imposition of any Lien (other than as created under the Security Documents), upon or with respect to any of the properties now owned or hereafter acquired by Borrower or any Guarantor; or (f) cause such corporation to be in default under any such Law, order, writ, judgment, injunction, decree, determination or award or any such indenture, agreement, lease or instrument.

  • Power and Authority; Authorization The Borrower has all requisite power and authority to execute, deliver and perform its obligations under this Amendment and the Borrower has all requisite power and authority to perform its obligations under the Amended Credit Agreement. The Borrower has duly authorized, executed and delivered this Amendment.

  • Corporate Power The Company has all requisite corporate power to execute and deliver this Agreement and to carry out and perform its obligations under the terms of this Agreement.

  • Capacity, Power and Authority (i) It is duly amalgamated and is validly subsisting under the laws of its jurisdiction of amalgamation and has all the requisite corporate capacity, power and authority to carry on its business as presently conducted and to own its property; and

  • Capacity and Authority The Transferee has the capacity and authority necessary to execute and deliver this Agreement and perform its obligations hereunder.

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