Common use of Authority; Binding Obligation Clause in Contracts

Authority; Binding Obligation. The Seller has the requisite authority and power to enter into, execute and deliver this Agreement and each agreement, document and instrument to be executed and delivered by the Seller, pursuant to this Agreement (collectively the “Seller Documents”) and to perform their respective obligations hereunder. The execution, delivery and performance by the Seller of this Agreement and each such other agreement, document and instrument have been duly authorized by all necessary action of the Seller. This Agreement has been duly executed and delivered by the Seller and constitutes a valid and binding obligation of the Seller, enforceable in accordance with its terms hereof and each of the Seller Documents constitutes, or when executed and delivered will constitute, valid and binding obligations of the Seller, enforceable in accordance with their terms.

Appears in 4 contracts

Samples: Purchase Assets Agreement (Hydrodynex, Inc.), Asset Purchase Agreement (FBC Holding Inc.), Form of Asset Purchase Agreement (FBC Holding Inc.)

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Authority; Binding Obligation. The Seller has Sellers have the requisite authority and power to enter into, execute and deliver this Agreement and each agreement, document and instrument to be executed and delivered by the SellerSellers, pursuant to this Agreement (collectively the “Seller Seller’s Documents”) and to perform their respective obligations hereunder. The execution, delivery and performance by the Seller Sellers of this Agreement and each such other agreement, document and instrument have been duly authorized by all necessary action of the SellerSellers. This Agreement has been duly executed and delivered by the Seller Sellers and constitutes a valid and binding obligation of the SellerSellers, enforceable in accordance with its terms hereof and each of the Seller Seller’s Documents constitutes, or when executed and delivered will constitute, valid and binding obligations of the SellerSellers, enforceable in accordance with their terms.

Appears in 2 contracts

Samples: Purchase Mineral Rights Agreement, Purchase Mineral Rights Agreement (Multisys Language Solutions Inc)

Authority; Binding Obligation. The Seller has the requisite authority and power to enter into, execute and deliver this Agreement and each agreement, document and instrument to be executed and delivered by the Seller, Seller pursuant to this Agreement (collectively the “Seller Documents”) and to perform their respective its obligations hereunder. The execution, delivery and performance by the Seller of this Agreement and each such other agreement, document and instrument have been duly authorized by all necessary action of Seller, and no other action on the part of Seller, is required in connection therewith. This Agreement has been duly executed and delivered by the Seller and constitutes a valid and binding obligation of the Seller, Seller enforceable in accordance with its the terms hereof and each of the agreement, document and instrument executed and delivered by Seller Documents pursuant to this Agreement constitutes, or when executed and delivered will constitute, valid and binding obligations of the Seller, Seller enforceable in accordance with their terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Pacificap Entertainment Holdings Inc), Asset Purchase Agreement (Collectible Concepts Group Inc)

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Authority; Binding Obligation. The Seller has the requisite authority and power to enter into, execute and deliver this Agreement and each agreement, certificate document and instrument to be executed and delivered by the Seller, Seller pursuant to this Agreement (collectively the "Seller Documents") and to perform their respective obligations hereunder. The execution, delivery and performance by the Seller of this Agreement and each such other agreement, document and instrument have been duly authorized by all necessary corporate action of the Seller. This Agreement has been duly executed and delivered by the each of Seller and constitutes a valid and binding obligation of the Seller, Seller enforceable in accordance with its terms hereof and each of the Seller Documents constitutes, or when executed and delivered will constitute, valid and binding obligations of the Seller, Seller enforceable in accordance with their terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Chaus Bernard Inc)

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