Authority Relative to Acquisition Agreement Sample Clauses

Authority Relative to Acquisition Agreement. Each Seller has full corporate power and authority to enter into this Agreement and the Operative Agreements to which it is a party, to perform its obligations thereunder and to consummate the transactions contemplated by this Agreement and the Operative Agreements to which it is a party. The execution, delivery and performance of this Agreement and the Operative Agreements have been duly authorized by all requisite corporate action and no other corporate action on the part of either Seller party thereto or its shareholders is necessary to authorize the execution, delivery and performance by either Seller of this Agreement or the Operative Agreements to which it is a party and the consummation by each Seller of the transactions contemplated thereby. This Agreement and the Operative Agreements have been duly and validly executed and delivered by each Seller a party thereto, and constitute the legal, valid and binding obligation of each Seller a party thereto, enforceable against each Seller a party thereto in accordance with their respective terms.