Common use of Legal Power Clause in Contracts

Legal Power. The Purchaser has the requisite authority to enter into this Agreement and to carry out and perform its obligations under the terms of this Agreement. All action on the Purchaser’s part required for the lawful execution and delivery of this Agreement have been or will be effectively taken prior to the Closing.

Appears in 16 contracts

Samples: Secured Convertible Note Purchase (Acer Therapeutics Inc.), Common Stock Purchase Agreement (Drone Aviation Holding Corp.), Common Stock Purchase Agreement (Repro Med Systems Inc)

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Legal Power. The Each Purchaser has the requisite authority to enter into this Agreement and to carry out and perform its obligations under the terms of this Agreement. All action on the each Purchaser’s part required for the lawful execution and delivery of this Agreement have been or will be effectively taken prior to the Closing.

Appears in 4 contracts

Samples: Common Stock and Warrant Purchase Agreement (Invicta Media Investments, LLC), Common Stock and Warrant Purchase Agreement (EVINE Live Inc.), Warrant Purchase Agreement (Slinger Bag Inc.)

Legal Power. The Purchaser has the requisite authority to enter into this Agreement and to carry out and perform its obligations under the terms of this Agreement. All action on the Purchaser’s part required for the lawful execution and delivery of this Agreement have been or will be effectively taken prior to the applicable Closing.

Appears in 3 contracts

Samples: Common Stock and Warrant Purchase Agreement (Magnegas Corp), Common Stock and Warrant Purchase Agreement (Magnegas Corp), Common Stock Purchase Agreement (Location Based Technologies, Inc.)

Legal Power. The Purchaser has the requisite authority to enter into this Agreement and to carry out and perform its his obligations under the terms of this Agreement. All action on the Purchaser’s part required for the lawful execution and delivery of this Agreement have been or will be effectively taken prior to the Closing.

Appears in 3 contracts

Samples: Common Stock Purchase Agreement (NANOPHASE TECHNOLOGIES Corp), Common Stock Purchase Agreement (NANOPHASE TECHNOLOGIES Corp), Common Stock Purchase Agreement (NANOPHASE TECHNOLOGIES Corp)

Legal Power. The Purchaser has the requisite corporate power and authority to enter into this Agreement and the Registration Rights Agreement, to carry out and perform its obligations under the terms of this Agreement and the Registration Rights Agreement. All action on the Purchaser’s part required for the lawful execution and delivery of this Agreement and the Registration Rights Agreement have been or will be effectively taken prior to the Closing.

Appears in 3 contracts

Samples: Common Stock Purchase Agreement (Nektar Therapeutics), Common Stock Purchase Agreement (Inhale Therapeutic Systems Inc), Common Stock Purchase Agreement (Inhale Therapeutic Systems Inc)

Legal Power. The Each Purchaser has the requisite authority to enter into this Agreement and to carry out and perform its obligations under the terms of this Agreement. All action on the each Purchaser’s part required for the lawful execution and delivery of this Agreement have been or will be effectively taken prior to the Closingapplicable Closing Date.

Appears in 2 contracts

Samples: Common Stock and Warrant Purchase Agreement (Invicta Media Investments, LLC), Common Stock and Warrant Purchase Agreement (iMedia Brands, Inc.)

Legal Power. The Purchaser has the requisite power and authority to enter into this Agreement and to carry out and perform its obligations under the terms of this Agreement. All action on the Purchaser’s part required for the lawful execution and delivery of this Agreement have been or will be effectively taken prior to the Closing.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Fusion Connect, Inc.), Common Stock Purchase Agreement (Fusion Connect, Inc.)

Legal Power. The Purchaser has the requisite authority to enter into this Agreement and to carry out and perform its obligations under the terms of this Agreement. All action on the Purchaser’s part required for the lawful execution and delivery of this Agreement have been or will be effectively taken prior to the each applicable Closing.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Drone Aviation Holding Corp.)

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Legal Power. The Purchaser has the requisite authority to enter into this Agreement and to carry out and perform its obligations under the terms of this Agreement. All action actions on the Purchaser’s part required for the lawful execution and delivery of this Agreement have been or will be effectively taken prior to the Closing.

Appears in 1 contract

Samples: Stock and Warrant Purchase Agreement (NEUROONE MEDICAL TECHNOLOGIES Corp)

Legal Power. The Purchaser has the requisite authority to enter into this Agreement and to carry out and perform its obligations under the terms of this Agreement. All action on the Purchaser’s part required for the lawful execution and delivery of this Agreement have been or will be effectively taken at or prior to the Closing.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Arena Group Holdings, Inc.)

Legal Power. The Such Purchaser has the requisite authority to enter into this Agreement and to carry out and perform its obligations under the terms of this Agreement. All action on the such Purchaser’s part required for the lawful execution and delivery of this Agreement have been or will be effectively taken prior to the Closing.

Appears in 1 contract

Samples: Common Stock and Warrant Purchase Agreement (Photoworks Inc /Wa)

Legal Power. The Purchaser has the requisite authority to enter into this Agreement and to carry out and perform its obligations under the terms of this Agreement. All action on the Purchaser’s Purchaser ’ s part required for the lawful execution and delivery of this Agreement have been or will be effectively taken prior to the Closing.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (HyreCar Inc.)

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