Organization and Authorization. The Investor is duly incorporated or organized and validly existing in the jurisdiction of its incorporation or organization and has all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such Investor, the performance by such Investor of its obligations hereunder and the consummation by such Investor of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the Investor. The undersigned has the right, power and authority to execute and deliver this Agreement and all other instruments on behalf of the Investor. This Agreement has been duly executed and delivered by the Investor and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the Investor, enforceable against the Investor in accordance with its terms.
Appears in 6 contracts
Samples: Drawdown Equity Financing Agreement (Polar Petroleum Corp.), Drawdown Equity Financing Agreement (Polar Petroleum Corp.), Drawdown Equity Financing Agreement (Portage Resources Inc.)
Organization and Authorization. The Investor is duly incorporated or organized and validly existing in under the laws of its jurisdiction of its incorporation or organization and has all the requisite corporate power and authority to purchase enter into and hold perform its obligations under this Agreement and to subscribe for or acquire the securities issuable hereunderAdvance Shares in accordance with the terms hereof. The decision to invest and the execution and delivery of this Agreement by such the Investor, the performance by such the Investor of its obligations hereunder and the consummation by such the Investor of the transactions contemplated hereby have been duly authorized and requires require no other proceedings on the part of the Investor. The undersigned has the right, power and authority to execute and deliver this Agreement and all other instruments on behalf of the Investor. This Agreement has been duly executed and delivered by the Investor and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the Investor, enforceable against the Investor in accordance with its terms.
Appears in 6 contracts
Samples: Standby Equity Subscription Agreement (Antelope Enterprise Holdings LTD), Standby Equity Subscription Agreement (Antelope Enterprise Holdings LTD), Standby Equity Subscription Agreement (Antelope Enterprise Holdings LTD)
Organization and Authorization. The Investor is duly incorporated or organized and validly existing in the jurisdiction of its incorporation or organization and has all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such Investor, the performance by such Investor of its obligations hereunder and the consummation by such Investor of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the Investor. The undersigned has the right, power and authority to execute and deliver this Agreement and all other instruments instruments, on behalf of the Investor. This Agreement has been duly executed and delivered by the Investor and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the Investor, enforceable against the Investor in accordance with its terms.
Appears in 4 contracts
Samples: Subscription Agreement (Capstone Turbine Corp), Standby Equity Distribution Agreement (Acacia Research Corp), Subscription Agreement (Capstone Turbine Corp)
Organization and Authorization. The Investor is duly incorporated or organized and validly existing in the jurisdiction of its incorporation or organization and has all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such Investor, the performance by such Investor of its obligations hereunder and the consummation by such Investor of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the Investor. The undersigned has the right, power and authority to execute and deliver this Agreement and all other instruments the Transaction Documents on behalf of the Investor. This Agreement has been duly executed and delivered by the Investor and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the Investor, enforceable against the Investor in accordance with its terms.
Appears in 3 contracts
Samples: Equity Line of Credit Agreement (Cirtran Corp), Equity Line of Credit Agreement (Cirtran Corp), Equity Line of Credit Agreement (Cirtran Corp)
Organization and Authorization. The Investor is Investors are duly incorporated or organized and validly existing in the jurisdiction country of its their incorporation or organization and has have all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such Investorthe Investors, the performance by such Investor the Investors of its their obligations hereunder and the consummation by such Investor the Investors of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the InvestorInvestors. The undersigned has the all right, power and authority to execute and deliver this Agreement and all other instruments on behalf of the InvestorInvestors. This Agreement has been duly executed and delivered by the Investor Investors and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the InvestorInvestors, enforceable against the Investor Investors in accordance with its terms.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (Ijnt Net Inc), Preferred Stock and Private Equity Line of Credit Agreement (Ijnt Net Inc)
Organization and Authorization. The Investor is Investors are duly incorporated ------------------------------ or organized and validly existing in the jurisdiction country of its their incorporation or organization and has have all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such Investorthe Investors, the performance by such Investor the Investors of its their obligations hereunder and the consummation by such Investor the Investors of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the InvestorInvestors. The undersigned has the all right, power and authority to execute and deliver this Agreement and all other instruments on behalf of the InvestorInvestors. This Agreement has been duly executed and delivered by the Investor Investors and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the InvestorInvestors, enforceable against the Investor Investors in accordance with its terms.
Appears in 1 contract
Samples: Private Equity Line of Credit Agreement (Ashton Technology Group Inc)
Organization and Authorization. The Investor is duly incorporated or organized and validly existing in the jurisdiction country of its incorporation or organization and has have all requisite power and authority to purchase and hold the securities issuable hereunder. The decision to invest and the execution and delivery of this Agreement by such the Investor, the performance by such the Investor of its obligations hereunder and the consummation by such the Investor of the transactions contemplated hereby have been duly authorized and requires no other proceedings on the part of the Investor. The undersigned has the all right, power and authority to execute and deliver this Agreement and all other instruments on behalf of the Investor. This Agreement has been duly executed and delivered by the Investor and, assuming the execution and delivery hereof and acceptance thereof by the Company, will constitute the legal, valid and binding obligations of the Investor, enforceable against the Investor in accordance with its terms.
Appears in 1 contract
Samples: Private Equity Line of Credit Agreement (Pharmos Corp)