Authority; Binding Obligation. The Shareholder has all necessary power and authority to enter into this Shareholder Agreement and perform all of the Shareholder’s obligations hereunder. This Shareholder Agreement has been duly and validly executed and delivered by the Shareholder (and the Shareholder’s spouse, if the Shares (as defined below) constitute community property under applicable law) and constitutes a valid and legally binding obligation of the Shareholder and such spouse, enforceable against the Shareholder and such spouse, as the case may be, in accordance with its terms.
Appears in 5 contracts
Samples: Shareholder Agreement (FCB Bancorp), Shareholder Agreement (National Mercantile Bancorp), Shareholder Agreement (Foothill Independent Bancorp)
Authority; Binding Obligation. The Shareholder has all necessary power and authority to enter into this Shareholder Agreement and perform all of the Shareholder’s obligations hereunder. This Shareholder Agreement has been duly and validly executed and delivered by the Shareholder (and the Shareholder’s spouse, if the Shares (as defined below) constitute community property under applicable law) and constitutes a valid and legally binding obligation of the Shareholder and such spouseShareholder, enforceable against the Shareholder and such spouse, as the case may be, in accordance with its terms.
Appears in 3 contracts
Samples: Voting Agreement (Us Energy Corp), Voting Agreement (Crested Corp), Voting Agreement (Us Energy Corp)
