Common use of Authority, Validity and Effect Clause in Contracts

Authority, Validity and Effect. Buyer has the requisite power and authority to execute and deliver this Agreement and all agreements and documents contemplated hereby to be executed and delivered by it, and to consummate the transactions contemplated hereby and thereby without obtaining any additional approvals (whether internal or third party). The execution and delivery of this Agreement and such other agreements and documents and the consummation of the transactions contemplated hereby and thereby, have been duly and validly authorized by all necessary action on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer and constitutes the legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, except as limited by the General Enforceability Exceptions.

Appears in 1 contract

Samples: Stock Purchase Agreement (U.S. Auto Parts Network, Inc.)

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Authority, Validity and Effect. Buyer has the requisite power and authority to execute and deliver this Agreement and all agreements and documents contemplated hereby the other Transaction Documents to be executed and delivered by it, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby without obtaining any additional approvals (whether internal or third party)thereby. The execution and delivery of this Agreement and such other agreements Transaction Documents, the performance of its obligations hereunder and documents thereunder and the consummation of the transactions contemplated hereby herein and thereby, therein have been duly and validly authorized by all necessary other action on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer and, assuming the due authorization, execution and delivery by the Company and each Seller, constitutes the legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, except as limited by the General Enforceability Exceptions.

Appears in 1 contract

Samples: Unit Purchase Agreement (Nci Building Systems Inc)

Authority, Validity and Effect. Buyer has the requisite corporate power and authority to execute and deliver this Agreement and all agreements and documents contemplated hereby to be executed and delivered by it, and to consummate the transactions contemplated hereby and thereby without obtaining any additional approvals (whether internal or third party). The execution and delivery of this Agreement and such other agreements and documents and the consummation of the transactions contemplated hereby and thereby, have been duly and validly authorized by all necessary corporate action on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer and constitutes the legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, except as limited by the General Enforceability Exceptions.

Appears in 1 contract

Samples: Stock Purchase Agreement (Landec Corp \Ca\)

Authority, Validity and Effect. Buyer has the requisite power and authority to execute and deliver this Agreement and all agreements and documents contemplated hereby to be executed and delivered by it, and to consummate the transactions contemplated hereby and thereby without obtaining any additional approvals (whether internal or third party)thereby. The execution and delivery of this Agreement and such other agreements and documents and the consummation of the transactions contemplated hereby herein and thereby, therein have been duly and validly authorized by all necessary other action on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer and, assuming the due authorization, execution, and constitutes delivery by Seller and the Company, represents the legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, except as limited by the General Enforceability Exceptions.

Appears in 1 contract

Samples: Equity Purchase Agreement (Westlake Chemical Corp)

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Authority, Validity and Effect. Buyer Seller has the requisite power and authority to execute and deliver this Agreement and all agreements and documents contemplated hereby the other Transaction Agreements to be executed and delivered by it, and to consummate the transactions contemplated hereby and thereby without obtaining any additional approvals (whether internal or third party)thereby. The execution and delivery of this Agreement and such other agreements and documents Transaction Agreements and the consummation of the transactions contemplated hereby herein and thereby, therein have been duly and validly authorized by all necessary other action on the part of BuyerSeller. This Agreement has been and the other Transaction Agreements have been, or will be at the Closing, duly and validly executed and delivered by Buyer Seller and, assuming the due authorization, execution and constitutes delivery by Buyer, and/or the Company, as applicable constitute or will constitute at the Closing the legal, valid and binding obligation of BuyerSeller, enforceable against Buyer it in accordance with its terms, except as limited by the General Enforceability Exceptions.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Enpro Industries, Inc)

Authority, Validity and Effect. Buyer has the requisite power and authority to execute and deliver this Agreement and all agreements and documents contemplated hereby to be executed and delivered by it, and to consummate the transactions contemplated hereby and thereby without obtaining any additional approvals (whether internal or third party), except for any such Consents contemplated hereby. The execution and delivery of this Agreement and such other agreements and documents and the consummation of the transactions contemplated hereby and thereby, have been duly and validly authorized by all necessary action on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer and constitutes the legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, except as limited by the General Enforceability Exceptions.

Appears in 1 contract

Samples: Stock Purchase Agreement (Logitech International Sa)

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