Common use of Organization; Authorization; Validity of Agreement Clause in Contracts

Organization; Authorization; Validity of Agreement. The Buyer is a limited partnership duly organized, validly existing and in good standing under the laws of the Cayman Islands and has full limited partnership power and authority to execute and deliver this Agreement and the Registration Rights Agreement and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance by Buyer of this Agreement and the Registration Rights Agreement and the consummation of the transactions contemplated hereby and thereby have been duly authorized by Buyer, and no other action on the part of Buyer is necessary to authorize the execution and delivery by Buyer of this Agreement or the consummation of the transactions contemplated hereby and thereby. No vote of, or consent by, the limited partners of Buyer is necessary to authorize the execution and delivery by Buyer of this Agreement and the Registration Rights Agreement or the consummation by it of the purchase and sale of the Units.

Appears in 4 contracts

Samples: Subscription Agreement (Golden Minerals Co), Subscription Agreement (Sentient Global Resources Fund IV, L.P.), Subscription Agreement (Golden Minerals Co)

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Organization; Authorization; Validity of Agreement. The Each Buyer is a limited partnership duly organized, validly existing and in good standing under the laws of the Cayman Islands and has full limited partnership power and authority to execute and deliver this Agreement and the Registration Rights Agreement and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance by Buyer Buyers of this Agreement and the Registration Rights Agreement and the consummation of the transactions contemplated hereby and thereby have been duly authorized by BuyerBuyers, and no other action on the part of Buyer Buyers is necessary to authorize the execution and delivery by Buyer Buyers of this Agreement or the consummation of the transactions contemplated hereby and thereby. No vote of, or consent by, the limited partners of Buyer Buyers is necessary to authorize the execution and delivery by Buyer Buyers of this Agreement and the Registration Rights Agreement or the consummation by it of the purchase and sale of the UnitsShares.

Appears in 1 contract

Samples: Subscription Agreement (Golden Minerals Co)

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