Authority of Industrial Enterprises Sample Clauses
Authority of Industrial Enterprises. Industrial Enterprises has the full corporate power and authority to execute, deliver, and perform this Agreement and has taken all corporate action required by law and its organizational documents to authorize the execution and delivery of this Agreement and the consummation of the transactions set forth in this Agreement. This Agreement and the consummation by Industrial Enterprises of the transactions set forth in this Agreement have been duly and validly authorized, executed, and delivered by the Board of Directors of Industrial Enterprises, and this Agreement is valid and binding upon Industrial Enterprises and enforceable against Industrial Enterprises in accordance with its terms (except as the enforceability thereof may be limited by bankruptcy, bank moratorium or similar laws affecting creditors' rights generally and laws restricting the availability of equitable remedies and may be subject to general principles of equity whether or not such enforceability is considered in a proceeding at law or in equity). A certified resolution of the Board of Directors of Industrial Enterprises is annexed to, and made a part of, this Agreement as Exhibit “F” (Article “5.C.”).