Common use of Authorization and Execution Clause in Contracts

Authorization and Execution. This Agreement has been, and each of the agreements and certificates of Buyer to be delivered to Seller herewith or at Closing as provided in SECTION 6.3 will be, duly authorized by all necessary action on the part of Buyer, has been duly executed and delivered by Buyer, constitutes the valid and binding agreement of Buyer and is enforceable against Buyer in accordance with its terms. All action required pursuant to this Agreement necessary to effectuate the transactions contemplated herein has been, or will at or prior to Closing be, taken promptly and in good faith by Buyer and its representatives and agents.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Golf Trust of America Inc), Purchase and Sale Agreement (Golf Trust of America Inc)

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Authorization and Execution. This Agreement has been, and each of the agreements and certificates of Buyer buyer to be delivered to Seller herewith or at Closing as provided in SECTION 6.3 Section 5.2 will be, duly authorized by all necessary action on the part of Buyer, has been duly executed and delivered by Buyer, constitutes the valid and binding agreement of Buyer and is enforceable against Buyer in accordance with its terms. All action required pursuant to this Agreement necessary to effectuate the transactions contemplated herein has been, or will at or prior to Closing be, taken promptly and in good faith by Buyer and its representatives and agents.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Golf Trust of America Inc), Purchase and Sale Agreement (Golf Trust of America Inc)

Authorization and Execution. This Agreement has been, and each of the agreements and certificates of Buyer to be delivered to Seller herewith or at Closing as provided in SECTION 6.3 Section 5.2 will be, duly authorized by all necessary action on the part of Buyer, has been duly executed and delivered by Buyer, constitutes the valid and binding agreement of Buyer and is enforceable against Buyer in accordance with its terms. All action required pursuant to this Agreement necessary to effectuate the transactions contemplated herein has been, or will at or prior to Closing be, taken promptly and in good faith by Buyer and Buyex xxx its representatives and agents.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Brassie Golf Corp)

Authorization and Execution. This Agreement has been, and each of the agreements and certificates of Buyer the Purchaser to be delivered to the Seller herewith or at Closing as provided in SECTION 6.3 5.2 will be, duly authorized by all necessary action on the part of Buyerthe Purchaser, has been duly executed and delivered by Buyerthe Purchaser, constitutes the valid and binding agreement of Buyer the Purchaser and is enforceable against Buyer the Purchaser in accordance with its terms. All action required pursuant to this Agreement necessary to effectuate the transactions contemplated herein has been, or will at or prior to Closing be, taken promptly and in good faith by Buyer the Purchaser and its representatives and agents.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Golf Trust of America Inc)

Authorization and Execution. This Agreement has been, and each of the agreements and certificates of Buyer to be delivered to Seller herewith or at Closing as provided in SECTION 6.3 Section 5.2 will be, duly authorized by all necessary action on the part of Buyer, has been duly executed and delivered by BuyerXxxxx, constitutes the valid and binding agreement of Buyer and is enforceable against Buyer in accordance with its terms. All action required pursuant to this Agreement necessary to effectuate the transactions contemplated herein has been, or will at or prior to Closing be, taken promptly and in good faith by Buyer Xxxxx and its representatives and agents.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Golf Trust of America Inc)

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Authorization and Execution. This Agreement has been, and each of the agreements and certificates of Buyer Seller to be delivered to Seller herewith or Buyer at Closing as provided in SECTION 6.3 Section 5.1 will be, be duly authorized by all necessary action on the part of Buyerthe Board of Directors of Seller, has been duly executed and delivered by BuyerSeller, constitutes the valid and binding agreement of Buyer Seller and is enforceable against Buyer Seller in accordance with its terms. All action required pursuant to this Agreement necessary to effectuate the transactions contemplated herein has been, or will at or prior to Closing be, taken promptly and in good faith by Buyer Seller and its representatives and agents.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Brassie Golf Corp)

Authorization and Execution. This Agreement has been, and each of the agreements and certificates of Buyer to be delivered to Seller herewith or at Closing as provided in SECTION 6.3 Section 5.2 will be, duly authorized by all necessary action on the part of Buyer, has been duly executed and delivered by Buyer, constitutes the valid and binding agreement of Buyer and is enforceable against Buyer in accordance with its terms. All action required pursuant to this Agreement necessary to effectuate the transactions contemplated herein has been, or will at or prior to Closing be, taken promptly and in good faith by Buyer and its representatives and agents.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Golf Trust of America Inc)

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