Common use of Authority Relating to this Agreement Clause in Contracts

Authority Relating to this Agreement. The Purchaser has full corporate power and authority to execute and deliver this Agreement and to take the actions and carry out the transactions contemplated by this Agreement. The execution, delivery and performance by the Purchaser of this Agreement, and the consummation of the transactions contemplated hereby, have been duly authorized and approved by all required corporate action. The execution and delivery of this Agreement by the Purchaser does not, and the consummation of the transactions contemplated herein will not, result in a breach of any term, condition or provision of, or constitute a default under (i) its charter documents or by-laws; (ii) any other material agreement or other instrument to which it is a party; or (iii) any law, rule, regulation, or judicial, administration or arbitration order, award, judgment, writ, injunction or decree applicable to it.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Specialty Underwriters Alliance, Inc.), Stock Purchase Agreement (Specialty Underwriters Alliance, Inc.), Stock Purchase Agreement (Quanta Capital Holdings LTD)

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Authority Relating to this Agreement. The Purchaser Seller has full corporate power and authority to execute and deliver this Agreement and to take the actions and carry out the transactions contemplated by this Agreement. The execution, delivery and performance by the Purchaser Seller of this Agreement, and the consummation of the transactions contemplated hereby, have been duly authorized and approved by all required corporate action. The execution and delivery of this Agreement by the Purchaser Seller does not, and the consummation of the transactions contemplated herein will not, result in a breach of any term, condition or provision of, or constitute a default under (i) its charter documents or by-laws; (ii) any other material agreement or other instrument to which it is a party; or (iii) any law, rule, regulation, or judicial, administration or arbitration order, award, judgment, writ, injunction or decree applicable to it.

Appears in 1 contract

Samples: Stock Purchase Agreement (Quanta Capital Holdings LTD)

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