Common use of Authorization and Enforceability Clause in Contracts

Authorization and Enforceability. This Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 15 contracts

Samples: Purchase and Sale Agreement (Carbon Natural Gas Co), Purchase and Sale Agreement (New Frontier Energy Inc), Purchase and Sale Agreement (Legacy Reserves Lp)

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Authorization and Enforceability. The execution, delivery and performance of this Agreement and the Transaction have been duly and validly authorized by all requisite company action on behalf of Buyer. This Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 7 contracts

Samples: Purchase and Sale Agreement (Energy XXI LTD), Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.), Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.)

Authorization and Enforceability. This Agreement constitutes Buyer’s 's legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (Petroleum Development Corp), Amendment and Restatement of Lease Acquisition Agreement (Mainland Resources Inc.), Purchase and Sale Agreement

Authorization and Enforceability. This Agreement constitutes Buyersuch Seller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (Eternal Energy Corp.), Purchase and Sale Agreement (AMERICAN EAGLE ENERGY Corp), Purchase and Sale Agreement (Eternal Energy Corp.)

Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and conveyance and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at lawequity.

Appears in 5 contracts

Samples: Business Purchase Agreement (Carsmartt, Inc.), Business Purchase Agreement (LiveWire Ergogenics, Inc.), Business Purchase Agreement (LiveWire Ergogenics, Inc.)

Authorization and Enforceability. This The execution, delivery and performance of this Agreement has been duly authorized by all necessary corporate action on the part of Buyer, and constitutes Buyer’s the legal, valid and binding obligation, obligation of Buyer enforceable against Buyer in accordance with its terms, subject, however, to the effects of except as such enforceability may be limited by: (i) applicable bankruptcy, insolvency, reorganization, moratorium and or other similar laws for affecting the protection enforcement of creditors, as well as to ' rights generally; and (ii) general principles of equity, equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 4 contracts

Samples: Stock Purchase Agreement (Ultrapetrol Bahamas LTD), Stock Purchase Agreement (Ultrapetrol Bahamas LTD), Stock Purchase Agreement (Ultrapetrol Bahamas LTD)

Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (New Frontier Energy Inc), Purchase and Sale Agreement (Samson Oil & Gas LTD), Lease Acquisition Agreement (American Eagle Energy Inc.)

Authorization and Enforceability. This Agreement constitutes Buyer’s Seller's legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and conveyance and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at lawequity.

Appears in 3 contracts

Samples: Business Purchase Agreement (E Med Future, Inc.), Business Purchase Agreement (E Med Future, Inc.), Business Purchase Agreement

Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Legacy Reserves Lp), Lease Acquisition and Participation Agreement (Samson Oil & Gas LTD)

Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co), Purchase and Sale Agreement (Delta Petroleum Corp/Co)

Authorization and Enforceability. The execution, delivery and performance of this Agreement, and the transaction contemplated hereby, have been duly and validly authorized by all necessary action on the part of Buyer. This Agreement constitutes Buyer’s legal, the valid and binding obligationobligation of Buyer, enforceable in accordance with its terms, subject, however, to terms except as such enforceability may be limited by applicable bankruptcy or other similar laws affecting the effects rights and remedies of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, creditors generally as well as to general principles of equity, equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Amazing Energy Oil & Gas, Co.), Purchase and Sale Agreement (Amazing Energy Oil & Gas, Co.)

Authorization and Enforceability. This Agreement and each of the documents, instruments and agreements contemplated hereby to which it is a party, when duly executed and delivered by Buyer, constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (LSB Industries Inc)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the Transaction have been duly and validly authorized by all requisite corporate action on Buyer’s part. This Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Teton Energy Corp), Purchase and Sale Agreement (PetroHunter Energy Corp)

Authorization and Enforceability. This Assuming the due authorization, execution and delivery by Purchaser, this Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and other laws Laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Emerald Oil, Inc.), Purchase and Sale Agreement by And

Authorization and Enforceability. This Agreement constitutes Buyer’s Seller's legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Empire Petroleum Corp), Purchase and Sale Agreement (Sterling Oil & Gas CO)

Authorization and Enforceability. This Assuming the due authorization, execution and delivery by Seller, this Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Kodiak Oil & Gas Corp)

Authorization and Enforceability. This Assuming the due authorization, execution and delivery by Buyer, this Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Kodiak Oil & Gas Corp)

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Authorization and Enforceability. This Assuming the due authorization, execution and delivery by Seller, this Agreement constitutes BuyerPurchaser’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and other laws Laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement by And, Purchase and Sale Agreement (Emerald Oil, Inc.)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been duly and validly authorized by all requisite action of the Purchaser. This Agreement constitutes Buyer’s the legal, valid and binding obligationobligation of the Purchaser, and is enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditorscreditors generally, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Petro River Oil Corp.), Securities Purchase Agreement (Petro River Oil Corp.)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and this Transaction have been duly and validly authorized by all requisite action on behalf of Buyer. This Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Ausam Energy Corp), Purchase and Sale Agreement (Ausam Energy Corp)

Authorization and Enforceability. This The execution, delivery and performance of this Agreement by Buyer has been duly authorized by all necessary corporate action on the part of Buyer, and constitutes Buyer’s a legal, valid and binding obligation, obligation of Buyer enforceable against Buyer in accordance with its terms, subject, however, to the effects of except as such enforceability may be limited by: (i) applicable bankruptcy, insolvency, reorganization, moratorium and or other similar laws for affecting the protection enforcement of creditors, as well as to ' rights generally; and (ii) general principles of equity, equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Stock Purchase Agreement (Ultrapetrol Bahamas LTD)

Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, subject however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and conveyance and other laws for the protection of creditors, as well as to general principles principals of equity, regardless whether such enforceability is considered in a proceeding in equity or at lawequity.

Appears in 1 contract

Samples: Business Purchase Agreement (NMI Health, Inc.)

Authorization and Enforceability. This Agreement constitutes Buyereach Seller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Carbon Natural Gas Co)

Authorization and Enforceability. This Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, subject however to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Samson Oil & Gas LTD)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the Transaction have been duly and validly authorized by all requisite action on behalf of Buyer. This Agreement constitutes Buyer’s 's legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Bill Barrett Corp)

Authorization and Enforceability. This Agreement constitutes constitutes, and each other document executed and delivered by Buyer in connection with the Transaction will constitute, Buyer’s legal, valid and binding obligation, enforceable in accordance with its their respective terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other similar laws for the protection of creditors, creditors and equitable principles which may limit the availability of certain equitable remedies (such as well as to general principles of equity, regardless whether such enforceability is considered specific performance) in a proceeding in equity or at lawcertain instances.

Appears in 1 contract

Samples: Purchase, Sale and Exploration Agreement (Teton Energy Corp)

Authorization and Enforceability. This Assuming the due authorization, execution and delivery by Sellers, this Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Endeavour International Corp)

Authorization and Enforceability. This Agreement constitutes Buyer’s Seller's legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganizationreorganization moratorium, moratorium fraudulent transfer and conveyance and other laws for the protection of creditors, as well as to general principles of equity, equity regardless whether such enforceability is considered in a proceeding in equity or at lawequity.

Appears in 1 contract

Samples: Member Interests Business Purchase Agreement (E Med Future, Inc.)

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