Common use of Authorization and Binding Effect of Documents Clause in Contracts

Authorization and Binding Effect of Documents. Buyer has all requisite corporate power and authority to enter into this Agreement and the other Documents and to consummate the transactions contemplated by this Agreement. The execution and delivery of this Agreement and each of the other Documents by Buyer and the consummation by Buyer of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate action on the part of Buyer. This Agreement has been, and each of the other Documents at or prior to Closing will be, duly executed and delivered by Buyer. This Agreement constitutes (and each of the other Documents, when executed and delivered, will constitute) the valid and binding obligation of Seller enforceable against Buyer in accordance with its terms.

Appears in 1 contract

Samples: Option Agreement (Emmis Broadcasting Corporation)

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Authorization and Binding Effect of Documents. Buyer has all requisite corporate power and authority to enter into this Agreement and the other Documents and to consummate the transactions contemplated by this Agreement. The execution and delivery of this Agreement and each of the other Documents by Buyer and the consummation by Buyer of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate action on the part of Buyer. This Agreement has been, and each of the other Documents at or prior to Closing will be, duly executed and delivered by Buyer. This Agreement constitutes (and each of the other Documents, when executed and delivered, will constitute) the valid and binding obligation of Seller Buyer enforceable against Buyer in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Emmis Broadcasting Corporation)

Authorization and Binding Effect of Documents. Buyer has all requisite corporate power and authority to enter into this Agreement and the other Documents and to consummate the transactions contemplated by this Agreement. The execution and delivery of this Agreement and each of the other Documents by Buyer and the consummation by Buyer of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate action (including all necessary shareholder approvals) on the part of Buyer. This Agreement has been, and each of the other Documents at or prior to Closing will be, duly executed and delivered by Buyer. This Agreement constitutes (and each of the other Documents, when executed and delivered, will constitute) the valid and binding obligation of Seller enforceable against Buyer in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Emmis Broadcasting Corporation)

Authorization and Binding Effect of Documents. Buyer Each Seller has all requisite corporate power and authority to enter into this Agreement and the other Documents and to consummate the transactions contemplated by this Agreement. The execution and delivery of this Agreement and each of the other Documents by Buyer Sellers and the consummation by Buyer Sellers of the transactions contemplated by this Agreement hereby and thereby have been duly authorized by all necessary corporate action (including all necessary shareholder approvals, if any) on the part of BuyerSellers. This Agreement has been, and each of the other Documents at or prior to Closing will be, duly executed and delivered by BuyerSellers. This Agreement constitutes (and each of the other Documents, when executed and delivered, will constitute) the valid and binding obligation of Seller Sellers enforceable against Buyer Sellers in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Emmis Broadcasting Corporation)

Authorization and Binding Effect of Documents. Buyer has all requisite corporate partnership power and authority to enter into this Agreement and the other Documents and to consummate the transactions contemplated by this Agreement. The execution and delivery of this Agreement and each of the other Documents by Buyer and the consummation by Buyer of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate partnership action on the part of Buyer. This Agreement has been, and each of the other Documents at or prior to Closing will be, duly executed and delivered by Buyer. This Agreement constitutes (and each of the other Documents, when executed and delivered, will constitute) the valid and binding obligation of Seller Buyer enforceable against Buyer in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Emmis Communications Corp)

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Authorization and Binding Effect of Documents. Buyer Seller has all requisite corporate power and authority to enter into this Agreement and the other Documents and to consummate the transactions contemplated by this Agreement. The execution and delivery of this Agreement and each of the other Documents by Buyer Seller and the consummation by Buyer Seller of the transactions contemplated by this Agreement hereby and thereby have been duly authorized by all necessary corporate action (including all necessary shareholder approvals, if any) on the part of BuyerSeller. This Agreement has been, and each of the other Documents at or prior to Closing will be, duly executed and delivered by BuyerSeller. This Agreement constitutes (and each of the other Documents, when executed and delivered, will constitute) the valid and binding obligation of Seller enforceable against Buyer Seller in accordance with its terms.

Appears in 1 contract

Samples: Option Agreement (Emmis Broadcasting Corporation)

Authorization and Binding Effect of Documents. Buyer Seller has all requisite corporate partnership power and authority to enter into this Agreement and the other Documents and to consummate the transactions contemplated by this Agreement. The execution and delivery of this Agreement and each of the other Documents by Buyer Seller and the consummation by Buyer Seller of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate partnership action on the part of BuyerSeller. This Agreement has been, and each of the other Documents at or prior to Closing will be, duly executed and delivered by BuyerSeller. This Agreement constitutes (and each of the other Documents, when executed and delivered, will constitute) the valid and binding obligation of Seller enforceable against Buyer Seller in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Emmis Broadcasting Corporation)

Authorization and Binding Effect of Documents. Buyer Seller has all requisite corporate power and authority to enter into this Agreement and the other Documents and to consummate the transactions contemplated by this Agreement. The execution and delivery of this Agreement and each of the other Documents by Buyer Seller and the consummation by Buyer Seller of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate action (including shareholder approval) on the part of BuyerSeller. This Agreement has been, and each of the other Documents at or prior to Closing will be, duly executed and delivered by BuyerSeller. This Agreement constitutes (and each of the other Documents, when executed and delivered, will constitute) the valid and binding obligation of Seller enforceable against Buyer Seller in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Emmis Communications Corp)

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