Authorization. All corporate action on the part of AVANT necessary for the authorization, execution and delivery of this Agreement and for the performance of all of its obligations hereunder and thereunder has been taken, and this Agreement when fully executed and delivered, shall each constitute a valid, legally binding and enforceable obligation of AVANT.
Organization. AVANT is a corporation duly organized and validly, and has the corporate power and authority to enter into and perform this Agreement.
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