Common use of Authority and Enforceability Clause in Contracts

Authority and Enforceability. Purchaser has the requisite corporate power and authority to enter into and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary entity action on the part of Purchaser, and no other entity proceedings on the part of Purchaser are necessary to authorize the execution or delivery of this Agreement or the consummation of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Purchaser and (assuming that this Agreement constitutes a valid and binding obligation of Seller) constitutes a valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Alpha Energy Inc), Purchase and Sale Agreement (Alpha Energy Inc), Purchase, Sale and Joint Exploration Agreement (Rangeford Resources, Inc.)

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Authority and Enforceability. Purchaser has the The Purchasers have all requisite corporate power and authority to enter into and deliver perform their obligations under this Agreement and to consummate the transactions contemplated herebyTransactions. The execution and delivery by the Purchasers of this Agreement Agreement, the performance by the Purchasers of their obligations hereunder and the consummation by the Purchasers of the transactions contemplated hereby Transactions have been duly and validly authorized by all necessary entity action on the part of Purchaserthe Purchasers, and no other entity proceedings or actions on the part of Purchaser or with respect to Purchasers or their stockholders are necessary to authorize the execution or delivery of this Agreement or the consummation of the transactions contemplated herebynecessary. This Agreement has been duly and validly executed and delivered by Purchaser the Purchasers and (assuming that this Agreement constitutes a legal, valid and binding obligation agreement of Seller) constitutes a valid and binding obligation of Purchaser each Purchaser, enforceable against each Purchaser in accordance with its termsthe terms hereof.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Centex Corp), Securities Purchase Agreement (Centex Construction Products Inc)

Authority and Enforceability. Purchaser has Seller have the requisite corporate limited liability company power and authority to enter into and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary entity limited liability company action on the part of PurchaserSeller, and no other entity limited liability company proceedings on the part of Purchaser Seller are necessary to authorize the execution or delivery of this Agreement or the consummation of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Purchaser Seller and (assuming that this Agreement constitutes a valid and binding obligation of SellerPurchaser) constitutes a valid and binding obligation of Purchaser Seller enforceable against Purchaser it in accordance with its terms.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Alpha Energy Inc), Purchase and Sale Agreement (Alpha Energy Inc)

Authority and Enforceability. Purchaser has the requisite corporate power and authority to enter into and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary entity corporate action on the part of Purchaser, including approval by the board of directors of Purchaser, and no other entity corporate proceedings on the part of Purchaser are necessary to authorize the execution or delivery of this Agreement or the consummation of to consummate the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Purchaser and (assuming that this Agreement constitutes a valid and binding obligation of SellerSellers) constitutes a valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 2 contracts

Samples: Stock Purchase Agreement (3tec Energy Corp), Stock Acquisition Agreement (National Environmental Service Co)

Authority and Enforceability. Purchaser has the requisite corporate entity power and authority to enter into and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary entity action on the part of Purchaser, and no other entity proceedings on the part of Purchaser are necessary to authorize the execution or delivery of this Agreement or the consummation of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Purchaser and (assuming that this Agreement constitutes a valid and binding obligation of Seller) constitutes a valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Atlas Resource Partners, L.P.)

Authority and Enforceability. Purchaser Seller has the requisite corporate limited liability company power and authority to enter into and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary entity limited liability company action on the part of PurchaserSeller, and no other entity limited liability company proceedings on the part of Purchaser Seller are necessary to authorize the execution or delivery of this Agreement or the consummation of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Purchaser Seller and (assuming that this Agreement constitutes a valid and binding obligation of SellerPurchaser) constitutes a valid and binding obligation of Purchaser Seller enforceable against Purchaser it in accordance with its terms.

Appears in 2 contracts

Samples: Purchase, Sale and Joint Exploration Agreement (Rangeford Resources, Inc.), Purchase, Sale and Joint Exploration Agreement (Rangeford Resources, Inc.)

Authority and Enforceability. Purchaser has the requisite corporate power and authority to enter into and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary entity corporate action on the part of Purchaser, including approval by the board of directors of Purchaser, and no other entity corporate proceedings on the part of Purchaser are necessary to authorize the execution or delivery of this Agreement or the consummation of to consummate the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Purchaser and (assuming that this Agreement constitutes a valid and binding obligation of SellerSellers, Company and Subsidiary) constitutes a legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Petrohawk Energy Corp)

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Authority and Enforceability. Purchaser has the requisite corporate power and authority to enter into and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary entity corporate action on the part of Purchaser, including approval by the board of directors of Purchaser, and no other entity corporate proceedings on the part of Purchaser are necessary to authorize the execution or delivery of this Agreement or the consummation of to consummate the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Purchaser and (assuming that this Agreement constitutes a valid and binding obligation of SellerSeller and the Company) constitutes a valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Eagle Rock Energy Partners L P)

Authority and Enforceability. Purchaser has the requisite corporate power and authority to enter into and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary entity corporate action on the part of Purchaser, including approval by the board of directors of Purchaser, and no other entity corporate proceedings on the part of Purchaser are necessary to authorize the execution or delivery of this Agreement or the consummation of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Purchaser Purchaser, and (assuming that this Agreement constitutes a valid and binding obligation of Sellerthe Shareholder and the Company) constitutes a valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Dune Energy Inc)

Authority and Enforceability. Purchaser has the requisite corporate power and authority to enter into and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary entity corporate action on the part of Purchaser, including approval by the Board of Directors of Purchaser, and no other entity corporate proceedings on the part of Purchaser are necessary to authorize the execution or delivery of this Agreement or the consummation of to consummate the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Purchaser and (assuming that this Agreement constitutes a valid and binding obligation of SellerSeller and the Company) constitutes a legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Bill Barrett Corp)

Authority and Enforceability. Purchaser has the requisite corporate power and authority to enter into and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary entity limited liability company action on the part of Purchaser, including approval by the Manager of Purchaser, and no other entity limited liability company proceedings on the part of Purchaser are necessary to authorize the execution or delivery of this Agreement or the consummation of to consummate the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Purchaser and (assuming that this Agreement constitutes a valid and binding obligation of SellerSeller and the Company) constitutes a legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Resolute Energy Corp)

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