Authority, Validity and Effect. Each Seller has all requisite power and authority (corporate or otherwise) to execute and deliver each Document to which it is a party and any and all instruments necessary or appropriate in order to effectuate fully the terms and conditions of each such Document and to perform and consummate the Transactions. Each Document to which a Seller is a party, and the performance of its obligations hereunder and thereunder, have been duly and validly authorized by all requisite action on the part of such Seller, and each Document to which the Seller is a party has been duly and validly executed and delivered by the Seller, and constitutes, or upon its execution and delivery as contemplated by this Agreement will constitute, a valid and legally binding obligation of such Seller, enforceable against each Seller in accordance with its terms and conditions, subject, as to enforceability, to bankruptcy, insolvency, reorganization and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.
Appears in 2 contracts
Sources: Asset Purchase Agreement (RDA Microelectronics, Inc.), Asset Purchase Agreement (Warburg Pincus Private Equity VIII, L.P.)