Common use of Authority; Authorization Clause in Contracts

Authority; Authorization. (a) Stockholder has all requisite power and authority to execute and deliver this Agreement and to perform Stockholder’s obligations hereunder.

Appears in 4 contracts

Samples: Support Agreement (First Bancshares Inc /MS/), Agreement and Plan of Merger (First Bancshares Inc /MS/), Agreement and Plan of Merger (First Bancshares Inc /MS/)

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Authority; Authorization. (a) Such Stockholder has all requisite power and authority to execute and deliver this Agreement and to perform such Stockholder’s obligations hereunder.

Appears in 2 contracts

Samples: Stockholders Agreement (Jacksonville Bancorp Inc /Fl/), Stockholders Agreement (Tib Financial Corp.)

Authority; Authorization. (a) Such Stockholder has all requisite power and authority to execute and deliver this Agreement and to perform such Stockholder’s obligations hereunder.

Appears in 2 contracts

Samples: Stockholders Agreement (Jacksonville Bancorp Inc /Fl/), Stockholders Agreement (Atlantic Bancgroup Inc)

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Authority; Authorization. (a) Such Stockholder has all requisite power and authority to execute and deliver this Agreement and to perform such Stockholder’s obligations hereunder. If such Stockholder is not an individual, the execution, delivery and performance of this Agreement by such Stockholder and the consummation by such Stockholder of the transactions contemplated hereby have been duly authorized by all necessary action on the part of such Stockholder and no further proceedings or actions on the part of such Stockholder are necessary to authorize the execution, delivery or performance of this Agreement or the consummation of the transactions contemplated hereby.

Appears in 1 contract

Samples: Stockholders Agreement (Centerstate Banks of Florida Inc)

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