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

Authorization and Binding Effect of Documents. Buyer's execution and delivery of, and the performance of its obligations under, this Agreement and each of the other Documents, and the consummation by Buyer of the transactions contemplated hereby and thereby, have been duly authorized and approved by all necessary corporate action on the part of Buyer. Buyer has the power and authority to execute, deliver and perform its obligations under this Agreement and each of the other Documents and to consummate the transactions hereby and thereby contemplated. This Agreement and each of the other Documents have been, or at or prior to the Closing will be, duly executed by Buyer. The Documents, when executed and delivered by the parties hereto, will constitute the valid and legally binding agreement of Buyer, enforceable against Buyer in accordance with its terms, except as may be limited by bankruptcy, insolvency, or other similar laws affecting the enforcement of creditors' rights or remedies generally, and except as may be limited by general principles of equity.

Authorization and Binding Effect of Documents. Buyer's The execution and delivery of, and the performance of its obligations under, this Agreement and each of the other DocumentsDocuments by Seller, and the consummation by Buyer Seller of the transactions contemplated hereby and thereby, have been duly authorized and approved by all necessary corporate action on the part of BuyerSeller. Buyer Seller has the power and authority to execute, deliver and perform its obligations under this Agreement and each of the other Documents and to consummate the transactions hereby and thereby contemplated. This Agreement and each of the other Documents have been, or at or prior to the Closing will be, duly executed by BuyerSeller. The This Agreement constitutes (and each of the other Documents, when so executed and delivered by the parties heretodelivered, will constitute the constitute) legal and valid and legally binding agreement obligations of Buyer, Seller enforceable against Buyer it in accordance with its terms, except as may be limited by subject to applicable bankruptcy, insolvency, or other reorganization, moratorium and similar laws affecting the enforcement of creditors' rights or remedies generally, and except subject, as may be limited by to enforceability, to general principles of equityequity (regardless of whether enforcement is sought in a proceeding in equity or at law).

Authorization and Binding Effect of Documents. Buyer's execution and delivery of, and the performance of its obligations under, this Agreement and each of the other Documents, and the consummation by Buyer of the transactions contemplated hereby and thereby, have been duly authorized and approved by all necessary corporate action on the part of Buyer. Buyer has the power and authority to execute, deliver and perform its obligations under this Agreement and each of the other Documents and to consummate the transactions hereby and thereby contemplated. This Agreement and each of the other Documents have been, or at or prior to the Closing will be, duly executed by Buyer. The Documents, when executed and delivered by the parties hereto, will constitute the valid and legally binding agreement of Buyer, enforceable against Buyer in accordance with its their terms, except as may be limited by bankruptcy, insolvency, or other similar laws affecting the enforcement of creditors' rights or remedies generally, and except as may be limited by general principles of equity.