Common use of Necessary Corporate Action Clause in Contracts

Necessary Corporate Action. All corporate actions by the Seller and its directors or shareholders, necessary for the observation, authorization, execution, delivery, and performance of this Agreement and any other instrument or agreement required under this Agreement, has been duly taken.

Appears in 6 contracts

Samples: Profit Interest Agreement (Macau Resources Group LTD), Profit Interest Agreement (Macau Resources Group LTD), Profit Interest Agreement (Asia Entertainment & Resources Ltd.)

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Necessary Corporate Action. All corporate actions by the Seller Buyer and its directors or shareholders, necessary for the observation, authorization, execution, delivery, and performance of this Agreement and any other instrument or agreement required under this Agreement, has been duly taken.

Appears in 6 contracts

Samples: Profit Interest Agreement (Macau Resources Group LTD), Profit Interest Agreement (Macau Resources Group LTD), Profit Interest Agreement (Asia Entertainment & Resources Ltd.)

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Necessary Corporate Action. All necessary corporate actions action has been duly and validly taken by the Seller and its directors or shareholders, necessary for Company to authorize the observation, authorization, execution, delivery, delivery and performance of this Agreement and any other instrument or agreement required under this Agreement, has been duly takenthe issuance and sale of the Placement Shares by the Company.

Appears in 2 contracts

Samples: Sales Agreement (Intec Pharma Ltd.), Sales Agreement (Intec Pharma Ltd.)

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