Authority to. Purchase The execution and delivery of this Agreement and the completion of the transaction contemplated hereby has been duly and validly authorized by all necessary shareholder and corporate action on the part of the Purchaser, and this Agreement constitutes a legal, valid and binding obligation of the Purchaser enforceable against the Purchaser in accordance with its terms except as limited to laws of general application affecting the rights of creditors.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Southern Ventures Inc), Asset Purchase Agreement (Southern Ventures Inc)