G/YCombinator-SAFE-2020/Form/Base/v1-1.md

/Docs/G/YCombinator-SAFE-2020/Form/Base/v1-1.md &k=Rep.Company.AllPower.sec
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The execution, delivery and performance by the Company of this Safe is within the power of the Company and has been duly authori{s/z}ed by all necessary actions on the part of the Company (subject to section 3.d). This Safe constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and general principles of equity. To its knowledge, the Company is not in violation of(i) its current certificate of incorporation or bylaws, (ii) any material statute, rule or regulation applicable to the Company or (iii) any material debt or contract to which the Company is a party or by which it is bound, where, in each case, such violation or default, individually, or together with all such violations or defaults, could reasonably be expected to have a material adverse effect on the Company.