Authorization and Binding Nature Sample Clauses
The 'Authorization and Binding Nature' clause establishes that the individuals signing the agreement have the legal authority to do so on behalf of their respective parties, and that the agreement is legally binding on those parties. In practice, this means that each signatory confirms they are empowered to commit their organization or themselves to the terms of the contract, and that all obligations and rights outlined in the agreement will be enforceable against the parties involved. This clause ensures that the contract is valid and enforceable, preventing disputes over whether the agreement is binding or whether the signatories had the necessary authority.
Authorization and Binding Nature. The execution, delivery and performance by the Purchaser of this Agreement has been duly authorized by all requisite corporate action on the part of the Purchaser and this Agreement constitutes the valid and legally binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms.
Authorization and Binding Nature. Each Party represents and warrants to the other Party that the execution, delivery and performance of this Agreement and the performance of all obligations hereunder have been duly authorized by all requisite corporate action on the part of such Party and this Agreement constitutes valid and legally binding obligations of such Party, limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the enforcement of creditors’ rights generally and (ii) as may be limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies.
Authorization and Binding Nature. The execution, delivery and performance by the Company of the Agreements and the issuance and delivery of the Shares has been duly authorized by all requisite corporate action on the part of the Company and the Agreements constitute valid and legally binding obligations of the Company, enforceable against the Company in accordance with their respective terms.
Authorization and Binding Nature. The execution, delivery and performance by the Purchaser of the Agreements have been duly authorized by all requisite corporate action on the part of the Purchaser. The Agreements constitute the valid and legally binding obligations of the Purchaser, enforceable against the Purchaser in accordance with their respective terms, except as enforceability may be limited by securities laws, bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights of creditors generally and by equitable principles, including those limiting the availability of specific performance, injunctive relief and other equitable remedies and those providing for equitable defenses.
Authorization and Binding Nature. The execution, delivery and performance by the Company of the Agreement and the issuance and delivery of the Shares has been duly authorized by all requisite corporate action on the part of the Company. The Agreement constitutes the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms, except as enforceability may be limited by securities laws, bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights of creditors generally and by equitable principles, including those limiting the availability of specific performance, injunctive relief and other equitable remedies.
Authorization and Binding Nature. The execution, delivery and -------------------------------- performance by Telmex of this Agreement and the Pledge Agreement has been duly authorized by all requisite corporate action and this Agreement constitutes the valid and legally binding obligation of Telmex, enforceable against Telmex in accordance with its terms.
Authorization and Binding Nature. The execution, delivery and -------------------------------- performance by Carso Global of this Agreement has been duly authorized by all requisite corporate action and this Agreement constitutes the valid and legally binding obligation of Carso Global, enforceable against Carso Global in accordance with its terms.
Authorization and Binding Nature. The execution, delivery and performance by the Purchaser of each of the Transaction Documents have been duly authorized by all requisite corporate action on the part of the Purchaser, and no further corporate action is required by the Purchaser, its Board of Directors, or its stockholders in connection therewith. Each of the Transaction Documents constitutes a valid and legally binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as enforceability may be limited by securities laws, bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws relating to or affecting the rights of creditors generally and by equitable principles, including those limiting the availability of specific performance, injunctive relief and other equitable remedies and those providing for equitable defenses.
Authorization and Binding Nature. The execution, delivery and performance by the Purchaser of this Agreement and the Registration Rights Agreement have been duly authorized by all requisite corporate action on the part of the Purchaser and this Agreement and the Registration Rights Agreement constitute valid and legally binding obligations of the Purchaser, enforceable against the Purchaser in accordance with their respective terms, except (i) as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the enforcement of creditors' rights generally and (ii) as may be limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies.
Authorization and Binding Nature. The execution, delivery and -------------------------------- performance by Prodigy of this Agreement and the Note has been duly authorized by all requisite corporate action and each of this Agreement and the Note constitutes the valid and legally binding obligation of Prodigy, enforceable against Prodigy in accordance with its terms.