Common use of Authority and Authorization Clause in Contracts

Authority and Authorization. Such Seller has full power and authority to carry on its business as presently conducted, to enter into this Agreement, and to perform its obligations under this Agreement. The execution and delivery of this Agreement by such Seller has been, and the performance by such Seller of this Agreement and the transactions contemplated hereby, shall be at the time required to be performed hereunder, duly and validly authorized by all requisite action on the part of such Seller.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Gastar Exploration LTD), Purchase and Sale Agreement (Gastar Exploration LTD), Purchase and Sale Agreement (Gastar Exploration LTD)

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Authority and Authorization. Such Seller has full power and authority to ----------------------------- carry on its business as presently conductedcon-ducted, to enter into this Agreement, Agreement and to perform its obligations under this Agreement. The execution and delivery of this Agreement by such Seller has have been, and the performance by such Seller of this Agreement and the transactions contemplated hereby, hereby shall be at the time required to be performed per-formed hereunder, duly and validly authorized by all requisite action on the part of such Seller.

Appears in 3 contracts

Samples: Agreement for Purchase and Sale (Us Energy Corp), Agreement for Purchase and Sale (Crested Corp), Agreement for Purchase and Sale (Us Energy Corp)

Authority and Authorization. Such Each Seller has full power and authority to carry on its business as presently conducted, to enter into this Agreement, Agreement and to perform its obligations under this Agreement. The execution and delivery of this Agreement by such Seller has been, and the performance by such Seller of this Agreement and the transactions contemplated hereby, hereby shall be at the time required to be performed hereunder, duly and validly authorized by all requisite action on the part of such Seller.

Appears in 2 contracts

Samples: Agreement for Purchase and Sale (Resaca Exploitation, Inc.), Agreement for Purchase and Sale (Resaca Exploitation, Inc.)

Authority and Authorization. Such Seller has full corporate power and authority to carry on its business as presently conducted, to enter into execute, deliver and comply with the terms and provisions of this Agreement, Agreement and to perform all of its obligations under this Agreement. The execution and delivery of this Agreement by such Seller has been, and the performance by such Seller of this Agreement and the transactions contemplated hereby, shall be at the time required to be performed hereunder, duly and validly authorized by all requisite action on the part of such Seller.

Appears in 2 contracts

Samples: Asset Sale Agreement, Asset Sale Agreement (Silver Star Energy Inc)

Authority and Authorization. Such Seller has full corporate power and authority to carry on its business as presently conducted, to enter into this Agreement, Agreement and to perform its obligations under this Agreement. The execution and delivery of this Agreement by such Seller has have been, and the performance by such Seller of this Agreement and the transactions contemplated hereby, hereby shall be at the time required to be performed hereunder, duly and validly authorized by all requisite corporate action on the part of such Seller.

Appears in 2 contracts

Samples: Agreement for Purchase and Sale (Nuevo Energy Co), Agreement for Purchase and Sale (Bellwether Exploration Co)

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Authority and Authorization. Such Each Seller has full power and authority to carry on its business as presently conducted, to enter into this Agreement, Agreement and to perform its obligations under this Agreement. The execution and delivery of this Agreement by such Seller has been, and the performance by such Seller of this Agreement and the transactions contemplated herebyhereby shall be, shall be at the time required to be performed hereunder, duly and validly authorized by all requisite corporate action on the part of such each Seller.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Toreador Resources Corp)

Authority and Authorization. Such Seller has full power and authority to carry on its business as presently conducted, to enter into this Agreement, conducted and to perform its obligations under this Agreement, and Seller has full power and authority to enter into this Agreement. The execution and delivery of this Agreement by such Seller has have been, and the performance by such Seller of this Agreement and the transactions contemplated hereby, shall be at the time required to be performed hereunderhereby have been, duly and validly authorized by all requisite action on the part of such Seller.

Appears in 1 contract

Samples: Purchase and Sale Agreement (LSB Industries Inc)

Authority and Authorization. Such Seller has full power and authority to carry on its business as presently conducted, to enter into this Agreement, Agreement and to perform its obligations under this Agreement. The execution and delivery of this Agreement by such Seller has been, and the performance by such Seller of this Agreement and the transactions contemplated herebyhereby shall be, shall be at the time required to be performed hereunder, duly and validly authorized by all requisite corporate action on the part of such Seller.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Cano Petroleum, Inc)

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