Authority; Authorization Sample Clauses
The 'Authority; Authorization' clause establishes that each party entering into the agreement has the legal power and proper authorization to do so. It typically requires that individuals signing on behalf of a company or organization have been duly empowered by their governing bodies or internal policies. This clause helps prevent disputes over the validity of the contract by ensuring that all signatories are acting within their legal capacity, thereby safeguarding the enforceability of the agreement.
Authority; Authorization. (a) Shareholder has all requisite power, right, authority and capacity to execute and deliver this Agreement, to perform Shareholder’s obligations under this Agreement, and to consummate the transactions contemplated by this Agreement.
(b) This Agreement has been duly and validly executed and delivered by Shareholder, and the execution, delivery and performance of this Agreement by Shareholder and the consummation of the transactions contemplated by this Agreement have been duly authorized by all necessary action on the part of Shareholder, and no other actions or proceedings on the part of Shareholder are necessary to authorize this Agreement or to consummate the transactions contemplated by this Agreement.
(c) Assuming the authorization, execution and delivery of this Agreement by SYBT, this Agreement constitutes a legal, valid and binding obligation of Shareholder, enforceable against Shareholder in accordance with its terms.
(d) If Shareholder is married and the Owned Shares set forth by the name of Shareholder on the signature page to this Agreement constitute property owned jointly with Shareholder’s spouse, this Agreement has been executed by Shareholder’s spouse and constitutes the valid and binding agreement of Shareholder’s spouse. If this Agreement is being executed in a representative or fiduciary capacity, the person signing this Agreement has full power and authority to enter into and perform this Agreement.
Authority; Authorization. The Holder has full right, power, authority and capacity to enter into this Agreement and the other agreements and documents contemplated hereby and to perform its obligations hereunder and thereunder and has taken all necessary action to authorize the execution, delivery and performance of this Agreement. Upon the execution and delivery of this Agreement by the Holder, this Agreement shall constitute a valid and binding obligation of the Holder, enforceable in accordance with its terms (except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or affecting the enforcement of creditors’ rights generally, and (ii) as limited by equitable principles generally, including any specific performance).
Authority; Authorization. The execution, delivery and performance by Purchaser of this August Agreement has been duly authorized by Purchaser's governing body. The performance of this August Agreement and the other agreements contemplated hereby constitutes a valid and binding obligation of Purchaser, enforceable in accordance with their terms.
Authority; Authorization. The execution, delivery and performance by each of SFC and Stella of this August Agreement has been duly authorized by SFC's and Stella's Boards of Directors. The performance of this August Agreement and the other agreements contemplated hereby constitutes a valid and binding obligation of SFC and Stella, to the extent each are parties to such agreements, enforceable in accordance with their terms.
Authority; Authorization. The Lessee will apply to all appropriate Authorities for any applicable approvals or authorizations necessary for the Lessee to construct any Improvements.
Authority; Authorization. Seller has all requisite corporate power and authority to execute and deliver this Agreement, to consummate the transactions contemplated herein and to perform all the terms and conditions to be performed by it as provided for in this Agreement. The execution and delivery of this Agreement by Seller, the performance by Seller of all the terms and conditions to be performed by it and the consummation by Seller of the transactions contemplated herein have been duly authorized and approved by all necessary corporate action. This Agreement has been duly executed and delivered by Seller and constitutes the valid and binding obligation of Seller, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or other Laws relating to or affecting the enforcement of creditors’ rights generally and general principles of equity (regardless of whether such enforceability is considered in a proceeding at Law or in equity).
Authority; Authorization. (i) Borrower has taken all necessary action to authorize the borrowings provided for in the Loan Agreement, as modified hereby, and the execution, delivery, and performance of the Loan Documents to which Borrower is a party.
(ii) No consent of any other party and no consent, license, approval or authorization of, or registration or declaration with, any governmental authority, bureau or agency is required in connection with the execution, delivery, performance, validity, or enforceability of this Modification or any other Loan Documents to which Borrower or Guarantor is a party.
Authority; Authorization. (a) Stockholder has all requisite power and authority to execute and deliver this Agreement and to perform Stockholder’s obligations hereunder.
(b) This Agreement has been duly and validly authorized, executed and delivered by Stockholder and, assuming the authorization, execution and delivery of this Agreement by FBMS and The First, constitutes a legal, valid and binding obligation of Stockholder, enforceable against Stockholder in accordance with its terms.
(c) If Stockholder is married and the Owned Shares set forth by the name of Stockholder on the signature page hereto constitute property owned jointly with Stockholder’s spouse, this Agreement constitutes the valid and binding agreement of Stockholder’s spouse. If this Agreement is being executed in a representative or fiduciary capacity, the Person signing this Agreement has full power and authority to enter into and perform this Agreement.
Authority; Authorization. Toshiba had, with respect to the PSA, full corporate power and authority to execute and deliver the PSA when it was executed and delivered, and each of Toshiba and the Company has full corporate power and authority to execute and deliver this Agreement and the other agreements contemplated by the S▇▇▇ Participation Agreement and to perform its obligations hereunder and thereunder. The PSA, this Agreement and the other agreements contemplated by the S▇▇▇ Participation Agreement have been duly authorized by all requisite corporate action by Toshiba.
Authority; Authorization. Seller has full legal capacity, power and authority to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby. The execution, delivery and performance by Seller of this Agreement has been duly and validly authorized by Seller. This Agreement constitutes the legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms.