Common use of Due Authorization and Delivery Clause in Contracts

Due Authorization and Delivery. All necessary corporate action has been duly and validly taken by the Company to authorize the execution, delivery and performance of this Agreement and the issuance and sale of the Securities by the Company. This Agreement has been duly and validly authorized, executed and delivered by the Company and constitutes and will constitute legal, valid and binding obligations of the Company enforceable against the Company in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and by general equitable principles.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Icahn Carl C Et Al), Securities Purchase Agreement (Adventrx Pharmaceuticals Inc)

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Due Authorization and Delivery. All necessary corporate action has been duly and validly taken by the Company to authorize the execution, delivery and performance of this Agreement and Agreement, including the issuance and sale of the Securities by the Company. This Agreement and each of the Warrants has been duly and validly authorized, executed and delivered by the Company and constitutes and will constitute the legal, valid and binding obligations obligation of the Company enforceable against the Company in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' ’ rights generally and by general equitable principles.

Appears in 1 contract

Samples: Stock and Warrant Purchase Agreement (Vaxgen Inc)

Due Authorization and Delivery. All necessary corporate action has been duly and validly taken by the Company to authorize the execution, delivery and performance of this Agreement and Agreement, the issuance and sale of the Securities Shares by the Company. This Agreement has been duly and validly authorized, executed and delivered by the Company and constitutes and will constitute legal, valid and binding obligations of the Company enforceable against the Company in accordance with its their terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and by general equitable principles.

Appears in 1 contract

Samples: Stock Purchase Agreement (Vaxgen Inc)

Due Authorization and Delivery. All necessary corporate action has been duly and validly taken by the Company to authorize the execution, delivery and performance of this Agreement Agreement, the Indenture, and the issuance and sale of the Securities Notes by the Company. This Agreement has The Agreement, the Indenture, and Notes have been duly and validly authorized, executed and delivered by the Company and constitutes and will constitute legal, valid and binding obligations of the Company Company, enforceable against the Company in accordance with its their terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and by general equitable principles.

Appears in 1 contract

Samples: Note Purchase Agreement (Vaxgen Inc)

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Due Authorization and Delivery. All necessary corporate action has been duly and validly taken by the Company to authorize the execution, delivery and performance of this Agreement and the issuance and sale of the Securities Shares by the Company. This Agreement has been duly and validly authorized, executed and delivered by the Company and constitutes and will constitute the legal, valid and binding obligations obligation of the Company enforceable against the Company in accordance with its terms, except as the enforceability thereof hereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and by general equitable principles, and except as the enforcement of indemnification and contribution provisions hereof and thereof may be limited by applicable law and public policy.

Appears in 1 contract

Samples: Stock Purchase Agreement (Connetics Corp)

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