Common use of Organization; Authorization Clause in Contracts

Organization; Authorization. The Holder is duly organized, validly existing and in good standing under the laws of its state of formation and has the requisite organizational power and authority to enter into and perform its obligations under this Agreement.

Appears in 47 contracts

Samples: Settlement Agreement (American Virtual Cloud Technologies, Inc.), Exchange Agreement (American Virtual Cloud Technologies, Inc.), Waiver Agreement (Faraday Future Intelligent Electric Inc.)

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Organization; Authorization. The Such Holder is duly organized, validly existing and in good standing under the laws of its state of formation and has the requisite organizational power and authority to enter into and perform its obligations under this Agreement.

Appears in 6 contracts

Samples: Exchange Agreement (Greenlane Holdings, Inc.), Warrant Exercise Agreement (Faraday Future Intelligent Electric Inc.), Exchange Agreement (Faraday Future Intelligent Electric Inc.)

Organization; Authorization. The Such Holder is duly organized, validly existing and in good standing under the laws of its state jurisdiction of formation incorporation and has the requisite organizational power and authority to enter into and perform its obligations under this Agreement.

Appears in 1 contract

Samples: Warrant Exchange Agreement (Digital Ally Inc)

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Organization; Authorization. The Holder is duly organized, validly existing and in good standing under the laws of its state of formation and has the requisite organizational power and authority to enter into and perform to consummate the Transactions contemplated by the Exchange Documents to which it is a party and otherwise to carry out its obligations under this Agreementhereunder and thereunder.

Appears in 1 contract

Samples: Amendment and Exchange Agreement (RiskOn International, Inc.)

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