Common use of Authority and Enforceability Clause in Contracts

Authority and Enforceability. The Shareholders and the Corporation have all requisite legal right, power and authority to enter into this Agreement and each of the Related Agreements to which they are a party and to agree to the transactions contemplated hereby and thereby and to perform all of their respective obligations hereunder and thereunder. This Agreement constitutes the legal, valid and binding obligations of the Shareholders and the Corporation, and each of the Related Agreements to which the Shareholders are a party constitute the legal, valid and binding obligations of the Shareholders, each enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity.

Appears in 12 contracts

Samples: Agreement (Dispatch Management Services Corp), Agreement (Dispatch Management Services Corp), Agreement (Dispatch Management Services Corp)

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Authority and Enforceability. The Shareholders Shareholder and the Corporation have all requisite legal right, power and authority to enter into this Agreement and each of the Related Agreements to which they are a party and to agree to the transactions contemplated hereby and thereby and to perform all of their respective obligations hereunder and thereunder. This Agreement constitutes the legal, valid and binding obligations of the Shareholders Shareholder and the Corporation, and each of the Related Agreements to which the Shareholders are Shareholder is a party constitute the legal, valid and binding obligations of the ShareholdersShareholder, each enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity.

Appears in 11 contracts

Samples: Agreement (Dispatch Management Services Corp), Agreement (Dispatch Management Services Corp), Agreement (Dispatch Management Services Corp)

Authority and Enforceability. The Shareholders Shareholder and the Corporation have all requisite legal right, power and authority to enter into this Agreement and each of the Related Agreements to which they are a party and to agree to the transactions contemplated hereby and thereby and to perform all of their respective obligations hereunder and thereunder. This Agreement constitutes the legal, valid and binding obligations of the Shareholders Shareholder and the Corporation, and each of the Related Agreements to which the Shareholders are a party constitute the legal, valid and binding obligations of the ShareholdersShareholder, each enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity.

Appears in 1 contract

Samples: Agreement (Dispatch Management Services Corp)

Authority and Enforceability. The Shareholders Sole Shareholder and the Corporation have all requisite legal right, power and authority to enter into this Agreement and each of the Related Agreements to which they are a party and to agree to the transactions contemplated hereby and thereby and to perform all of their respective obligations hereunder and thereunder. This Agreement constitutes the legal, valid and binding obligations of the Shareholders Sole Shareholder and the Corporation, and each of the Related Agreements to which the Shareholders are Sole Shareholder is a party constitute the legal, valid and binding obligations of the ShareholdersSole Shareholder, each enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity.

Appears in 1 contract

Samples: Agreement (Dispatch Management Services Corp)

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Authority and Enforceability. The Each of the Shareholders and the Corporation have all requisite legal right, power and authority to enter into this Agreement and each of the Related Agreements to which they are a party and to agree to the transactions contemplated hereby and thereby and to perform all of their respective obligations hereunder and thereunder. This Agreement constitutes the legal, valid and binding obligations of the Shareholders and the Corporation, and each of the Related Agreements to which the Shareholders are a party constitute the legal, valid and binding obligations of the Shareholders, each enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors' rights and remedies generally and subject, as to enforceability, to general principles of equity.

Appears in 1 contract

Samples: Agreement (Dispatch Management Services Corp)

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