Common use of Authority Relative to this Agreement and Related Matters Clause in Contracts

Authority Relative to this Agreement and Related Matters. Buyer has all necessary corporate power and authority to enter into this Agreement and to carry out its obligations hereunder. The execution and delivery by Buyer of this Agreement and the consummation by Buyer of the Transactions have been duly authorized by all necessary corporate action on its part. This Agreement has been duly executed and delivered by Buyer and, assuming the due authorization, execution and delivery hereof by Sellers and BERMASE, constitutes the legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally and by general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Equity Contribution Agreement (Global Pari-Mutuel Services, Inc.)

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Authority Relative to this Agreement and Related Matters. Buyer Seller has all necessary corporate power and authority to enter into this Agreement and to carry out its obligations hereunder. The execution and delivery by Buyer Seller of this Agreement and the consummation by Buyer Seller of the Transactions transactions contemplated hereby (the “Transactions”) have been duly authorized by all necessary corporate action on its partthe part of Seller. This Agreement has been duly executed and delivered by Buyer Seller and, assuming the due authorization, execution and delivery hereof by Sellers and BERMASEBuyer, constitutes the legal, valid and binding obligation of BuyerSeller, enforceable against Buyer Seller in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally and by general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Intellectual Property Purchase Agreement (FBEC Worldwide Inc.)

Authority Relative to this Agreement and Related Matters. Buyer Seller has all necessary corporate power and individual authority to enter into this Agreement and to carry out its obligations hereunder. The execution and delivery by Buyer Seller of this Agreement and the consummation by Buyer Seller of the Transactions transactions contemplated hereby (the “Transactions”) have been duly authorized by all necessary corporate or individual action on its partthe part of Seller. This Agreement has been duly executed and delivered by Buyer Seller and, assuming the due authorization, execution and delivery hereof by Sellers and BERMASEPurchaser, constitutes the legal, valid and binding obligation of BuyerSeller, enforceable against Buyer Seller in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally and by general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Intellectual Property Purchase Agreement (Frontera Group Inc.)

Authority Relative to this Agreement and Related Matters. Buyer Seller has all necessary corporate power and authority to enter into this Agreement and to carry out its obligations hereunder. The execution and delivery by Buyer Seller of this Agreement and the consummation by Buyer Seller of the Transactions transactions contemplated hereby (the “Transactions”) have been duly authorized by all necessary corporate action on its partthe part of Seller. This Agreement has been duly executed and delivered by Buyer Seller and, assuming the due authorization, execution and delivery hereof by Sellers Buyer and BERMASE, constitutes the legal, valid and binding obligation of BuyerSeller, enforceable against Buyer Seller in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally and by general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Intellectual Property Purchase Agreement (Clone Algo Inc.)

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Authority Relative to this Agreement and Related Matters. Buyer Seller has all necessary corporate power and authority to enter into this Agreement and to carry out its obligations hereunder. The execution and delivery by Buyer Seller of this Agreement and the consummation by Buyer Seller of the Transactions transactions contemplated hereby (the “Transactions”) have been duly authorized by all necessary corporate action on its partthe part of Seller. This Agreement has been duly executed and delivered by Buyer Seller and, assuming the due authorization, execution and delivery hereof by Sellers and BERMASEBuyer, constitutes the legal, valid and binding obligation of BuyerSeller, enforceable against Buyer Seller in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium reorganization and other similar laws relating to or affecting creditors’ rights generally and by general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Asset Purchase Agreement

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