Common use of Authority Clause in Contracts

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 484 contracts

Sources: Engineering, Procurement, and Construction Agreement, Large Generator Interconnection Agreement, Engineering, Procurement, and Construction Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors' rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 28 contracts

Sources: Interconnection Agreement, Standard Large Generator Interconnection Agreement (Lgia), Standard Large Generator Interconnection Agreement (Lgia)

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors' rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 9 contracts

Sources: Generator Interconnection Study Agreement, Affected System Interconnection System Impact Study Agreement, Affected System Impact Assessment Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party party hereto and to perform its obligations hereunder. This , and this Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 9 contracts

Sources: Shared Network Upgrade Facilities Construction Agreement, Facilities Construction Agreement, Facilities Construction Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).rights

Appears in 6 contracts

Sources: Interconnection Agreement, Interconnection Agreement, Interconnection Agreement

Authority. Such Party has the right, all necessary corporate or similar power and authority to enter into this Agreement, to become a Party hereto Agreement and to perform carry out its obligations hereunder. The execution, delivery and performance by such Party of this Agreement have been duly authorized by all requisite corporate or other action. This Agreement is a has been duly executed and delivered by such Party and constitutes the legal, valid and binding obligation obligations of such Party, enforceable against such Party in accordance with its their respective terms, except as the enforceability thereof may be limited by subject to applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law)Law.

Appears in 6 contracts

Sources: Shareholder Agreement, Shareholders Agreement (Ho Chi Sing), Shareholder Agreement (Mo Tianquan)

Authority. Such Party has the right, power power, and authority to enter into this Agreement, to become a Party hereto hereto, and to perform its obligations hereunder. This Agreement is a legal, valid valid, and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization reorganization, or other similar laws affecting creditors’ rights generally and by general equitable principles (principles, regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 5 contracts

Sources: Approved Project Sponsor Agreement (Apsa), Approved Project Sponsor Agreement (Apsa), Development Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).,

Appears in 5 contracts

Sources: Engineering, Procurement, and Construction Agreement, Service Agreement, Development Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 4 contracts

Sources: Mutual Operating Agreement (Old Dominion Electric Cooperative), Standard Large Generator Interconnection Agreement, Standard Large Generator Interconnection Agreement

Authority. Such Each Party hereby represents and warrants to the other that it has the right, full power and authority to enter into this Agreement, to become a Party hereto agreement and to perform its obligations hereunderconsummate the transactions contemplated hereby. This Agreement is agreement has been duly executed and delivered and constitutes a legal, valid and binding obligation of such the Party, enforceable against such Party it in accordance with its terms, except as the such enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization reorganization, fraudulent conveyance, moratorium or other similar laws affecting creditors' rights generally and from time to time in effect or by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law)principles.

Appears in 4 contracts

Sources: Exclusive Alliance Agreement (Aclara Biosciences Inc), Exclusive Alliance Agreement (Cellomics Inc), Alliance Agreement (Cellomics Inc)

Authority. Such Party has the rightlegal capacity to make, power and authority to enter into and carry out the terms of this Agreement, to become . Such Party agrees that this Agreement constitutes a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, the other Party and is enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by subject to applicable bankruptcy, insolvency, reorganization or other reorganization, moratorium and similar laws affecting creditors’ rights generally and by remedies generally, and subject, as to enforceability, to general equitable principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforceability enforcement is sought in a proceeding at law or in equity or at lawequity).

Appears in 3 contracts

Sources: Key Stockholder Agreement (Runway Growth Finance Corp.), Key Stockholder Agreement (Runway Growth Finance Corp.), Key Stockholder Agreement (SWK Holdings Corp)

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).law).‌

Appears in 3 contracts

Sources: Merchant Transmission Facility Interconnection Agreement, Transmission Project Interconnection Agreement, Transmission Project Interconnection Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and SERVICE AGREEMENT NO. 2334 binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 2 contracts

Sources: Lgia, Lgia

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and or by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 2 contracts

Sources: Generator Interconnection Agreement, Generator Interconnection Agreement

Authority. Such Each Party hereby represents that it has the right, power power, and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 2 contracts

Sources: Letter Agreement, Letter Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 2 contracts

Sources: Engineering, Procurement, and Construction Agreement, Engineering, Procurement, and Construction Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).,

Appears in 2 contracts

Sources: Epc Agreement, Engineering, Procurement, and Construction Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).. 55 SERVICE AGREEMENT NO. 2344

Appears in 2 contracts

Sources: Lgia No. 2344, Lgia No. 2344

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 2 contracts

Sources: Interconnection and Operating Agreement, Interconnection and Operating Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).. 63 SERVICE AGREEMENT NO. 2535

Appears in 1 contract

Sources: Interconnection Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).. 41

Appears in 1 contract

Sources: Transmission Facility Interconnection Agreement

Authority. Such Party has the right, power and authority to enter into this AgreementAGREEMENT, to become a Party hereto and to perform its obligations hereunder. This Agreement AGREEMENT is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 1 contract

Sources: Interconnection Agreement

Authority. Such Each Party hereby represents that it has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 1 contract

Sources: Service Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and SERVICE AGREEMENT NO. 2356 binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 1 contract

Sources: Lgia

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and 59 SERVICE AGREEMENT NO. 2341 binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 1 contract

Sources: Service Agreement

Authority. Such The Party has the right, power and authority to enter into this Agreement, to become a Party hereto thereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such the Party, enforceable against such the Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 1 contract

Sources: Interconnection Coordination Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and SERVICE AGREEMENT NO. 1774 binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 1 contract

Sources: Lgia

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).laws

Appears in 1 contract

Sources: Large Generator Interconnection Agreement

Authority. Such Party has the rightfull power, power right and authority to enter into and perform its obligations under this Agreement. Each Party has received all authorizations necessary to enter into and perform its obligations under this Agreement, and no other consents or authorizations are necessary. Such Party’s execution, delivery and performance of this Agreement does not and will not conflict with or result in a violation of any agreement or instrument to become which it is a Party hereto and or which is binding upon it or any law or regulation or any judgment, order or decree of any court or administrative body to perform its obligations hereunder. This Agreement which it is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law)subject.

Appears in 1 contract

Sources: Purchase Agreement (Mma Capital Management, LLC)

Authority. Such The Individual Party has the right, power power, and authority to enter into this Agreement, to become a Party hereto hereto, and to perform its obligations hereunder. This Agreement is a legal, valid valid, and binding obligation of such the Individual Party, enforceable against such the Individual Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization reorganization, or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law)generally.

Appears in 1 contract

Sources: Settlement Agreement

Authority. Such Party has the right, power power, and authority to enter into this Agreement, to become a Party hereto hereto, and to perform its obligations hereunder. This Agreement is a legal, valid valid, and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization reorganization, or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).affecting

Appears in 1 contract

Sources: Approved Project Sponsor Agreement (Apsa)

Authority. Such Party has the right, power power, and authority to enter into this Agreement, to become a Party hereto hereto, and to perform its obligations hereunder. This Agreement is a legal, valid valid, and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization reorganization, or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).laws

Appears in 1 contract

Sources: Approved Project Sponsor Agreement (Apsa)

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization reorganization, or other similar laws affecting creditors’ rights generally and by general equitable principles (principles, regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 1 contract

Sources: Development Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether whe ther enforceability is sought in a proceeding in equity or at law).

Appears in 1 contract

Sources: Interconnection Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).. 62

Appears in 1 contract

Sources: Standard Large Generator Interconnection Agreement

Authority. Such Each Party has the right, power power, authority and authority capacity to enter into execute and deliver this Agreement, to become a Party hereto consummate the transactions contemplated by this Agreement, and to perform its Party’s obligations hereunderunder this Agreement. This Assuming this Agreement is a has been duly and validly authorized, executed and delivered by the parties thereto other than Party, this Agreement constitutes the legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be such enforcement is limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless principles, or by bankruptcy, insolvency and other similar Laws affecting the enforcement of whether enforceability is sought in a proceeding in equity or at law)creditors rights generally.

Appears in 1 contract

Sources: Share Exchange Agreement (China Commercial Credit Inc)

Authority. Such Party party has the right, power power, legal capacity and authority to enter into and perform its obligations under this Agreement, to become a Party hereto and to perform this Agreement constitutes its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Partyobligation, enforceable against such Party party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization fraudulent conveyance, reorganization, moratorium or other similar laws Laws affecting the enforcement of creditors’ rights generally and by general equitable principles of equity (regardless of whether enforceability enforcement is sought in a proceeding at Law or in equity or at lawequity).

Appears in 1 contract

Sources: Stockholder Agreement (General Moly, Inc)

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party party hereto and to perform its obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors' rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).general

Appears in 1 contract

Sources: Generator Interconnection Study Agreement

Authority. Such Party has the right, power and authority to enter into this Agreement, to become a Party hereto and to perform its performits obligations hereunder. This Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 1 contract

Sources: Transmission Connection Agreement

Authority. Such Party has the right, power and authority to enter into this the Agreement, to become a Party hereto party thereto and to perform its obligations hereunderthereunder. This The Agreement is a legal, valid and binding obligation of such Party, enforceable against such Party in accordance with its terms, except as the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws affecting creditors’ rights generally and by general equitable principles (regardless of whether enforceability is sought in a proceeding in equity or at law).

Appears in 1 contract

Sources: Construction Agreement