Common use of Authorization and Validity of Agreement Clause in Contracts

Authorization and Validity of Agreement. The Seller has full power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by the Seller and, assuming the due execution of this Agreement by the Purchaser, is a valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except to the extent that its enforceability may be subject to applicable bankruptcy and similar laws affecting the enforcement of creditors' rights generally and to general equitable principles.

Appears in 5 contracts

Samples: Stock Purchase Agreement (China Information Technology, Inc.), Stock Purchase Agreement (China Information Technology, Inc.), Stock Purchase Agreement (China Information Technology, Inc.)

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Authorization and Validity of Agreement. The Seller has full all requisite power and authority to execute enter into this Agreement and deliver this Agreement, to perform carry out its obligations hereunder. The execution and delivery of this Agreement and the performance of Seller's obligations hereunder have been duly authorized by all necessary corporate action, and no other proceeding on the part of Seller is necessary to consummate the transactions contemplated herebyauthorize such execution, delivery and performance. This Agreement has been duly executed by Seller and delivered by the Seller and, assuming the due execution of this Agreement by the Purchaser, is a constitutes its valid and legally binding obligation of the Sellerobligation, enforceable against the Seller it in accordance with its terms, except to the extent that its enforceability may be subject to applicable bankruptcy and similar laws affecting the enforcement of creditors' rights generally and to general equitable principles.

Appears in 3 contracts

Samples: Asset Purchase and Sale Agreement (Tels Corp), Asset Purchase and Sale Agreement (Xstream Beverage Group Inc), Asset Purchase and Sale Agreement (Xstream Beverage Group Inc)

Authorization and Validity of Agreement. The Seller has full power and authority (corporate or otherwise) to execute and deliver this Agreement, to perform its his obligations hereunder and to consummate the transactions contemplated hereby. This Agreement has been duly executed by Seller and delivered by the Seller and, assuming the due execution of this Agreement by the Purchaser, is a valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms. At Closing, except to Seller shall deliver a resolution by its Board of Directors approving and authorizing the extent that its enforceability may be subject to applicable bankruptcy and similar laws affecting the enforcement execution of creditors' rights generally and to general equitable principlesthis Agreement, as well as any necessary consent by existing shareholders.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Loughran Go Corp), Stock Purchase Agreement (Internatural Pharmaceuticals Inc)

Authorization and Validity of Agreement. β€Œ The Seller Buyer has full the power and authority to enter into this Agreement and to do all acts and things and execute and deliver this Agreementall other documents as are required hereunder to be done, to perform its obligations hereunder and to consummate observed or performed by it in accordance with the transactions contemplated herebyterms hereof. This Agreement has been duly authorized, executed and delivered by the Seller and, assuming the due execution of this Agreement by the Purchaser, is Buyer and constitutes a valid and legally binding obligation of the SellerBuyer, enforceable against the Seller it in accordance with its termsthe terms hereof, except to the extent that its enforceability may be subject only to applicable bankruptcy bankruptcy, insolvency and similar laws affecting the enforcement enforceability of creditors' the rights of creditors generally and to general equitable principlesprinciples of equity.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement

Authorization and Validity of Agreement. The Seller has full power and authority (corporate or otherwise) to execute and deliver this Agreement, to perform its their obligations hereunder hereunder, and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by the Seller and, assuming the due execution of this Agreement by the Purchaser, is a valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except to the extent that its enforceability may be subject to applicable bankruptcy bankruptcy, insolvency, reorganization and similar laws affecting the enforcement of creditors' rights generally and to general equitable principles.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Compliance Systems Corp), Stock Purchase Agreement (Compliance Systems Corp)

Authorization and Validity of Agreement. The Seller has full all requisite corporate power and authority to execute and deliver enter into this Agreement, and to perform its respective obligations hereunder hereunder. The execution and delivery by Seller of this Agreement to consummate which it is a party and the transactions contemplated herebyconsummation by it of the Transactions have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Seller and is the Seller and, assuming the due execution of this Agreement by the Purchaser, is a valid and binding obligation of the Seller, Seller enforceable against the Seller it in accordance with its terms, except to the extent that its enforceability may be subject to applicable bankruptcy and similar laws affecting the enforcement of creditors' rights generally and to general equitable principles.

Appears in 2 contracts

Samples: Acquisition Agreement (Systems Evolution Inc), Definitive Acquisition Agreement (Systems Evolution Inc)

Authorization and Validity of Agreement. The Seller Sellers has full power and authority (corporate or otherwise) to execute and deliver this Agreement, to perform its their obligations hereunder hereunder, and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by the Seller Sellers and, assuming the due execution of this Agreement by the Purchaser, is a valid and binding obligation of the SellerSellers, enforceable against the Seller Sellers in accordance with its terms, except to the extent that its enforceability may be subject to applicable bankruptcy bankruptcy, insolvency, reorganization and similar laws affecting the enforcement of creditors' rights generally and to general equitable principles.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Compliance Systems Corp), Stock Purchase Agreement (Compliance Systems Corp)

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Authorization and Validity of Agreement. The Seller Buyer has full the power and authority to enter into this Agreement and to do all acts and things and execute and deliver this Agreementall other documents as are required hereunder to be done, to perform its obligations hereunder and to consummate observed or performed by it in accordance with the transactions contemplated herebyterms hereof. This Agreement has been duly authorized, executed and delivered by the Seller and, assuming the due execution of this Agreement by the Purchaser, is Buyer and constitutes a valid and legally binding obligation of the SellerBuyer, enforceable against the Seller it in accordance with its termsthe terms hereof, except to the extent that its enforceability may be subject only to applicable bankruptcy bankruptcy, insolvency and similar laws affecting the enforcement enforceability of creditors' the rights of creditors generally and to general equitable principlesprinciples of equity.

Appears in 1 contract

Samples: Asset Purchase Agreement

Authorization and Validity of Agreement. The Seller Purchaser has full the requisite corporate power and authority to execute and deliver this Agreement, to Agreement and perform its obligations hereunder and to consummate the transactions contemplated herebyhereunder. This Agreement has been duly executed and delivered by the Seller Purchaser and, assuming the due execution of this Agreement by the PurchaserSeller, is a valid and binding obligation of the Seller, Purchaser enforceable against the Seller it in accordance with its terms, except to the extent that its enforceability may be subject to applicable bankruptcy bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting the enforcement of creditors' rights generally and to by general equitable principles.

Appears in 1 contract

Samples: Securities Purchase Agreement (JPS Textile Group Inc /De/)

Authorization and Validity of Agreement. The Seller has full the power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby, including the execution, delivery and performance of this Agreement by the Seller. This Agreement has been duly executed and delivered by the Seller andand constitutes its legal, assuming the due execution of this Agreement by the Purchaser, is a valid and binding obligation of the Sellerobligation, enforceable against the Seller it in accordance with its terms, except to the extent that its enforceability may be subject to applicable bankruptcy and similar laws affecting the enforcement of creditors' rights generally and to general equitable principles.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Live Nation, Inc.)

Authorization and Validity of Agreement. The Seller has full the requisite corporate power and authority to execute and deliver this Agreement, Agreement and to perform its obligations hereunder and to consummate the transactions contemplated herebyhereunder. This Agreement has been duly executed and delivered by the Seller and, assuming the due execution of this Agreement by the Purchaser, is a valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except to the extent that its enforceability may be subject to applicable bankruptcy bankruptcy, insolvency, reorganization and similar laws affecting the enforcement of creditors' rights generally and to general equitable principles.

Appears in 1 contract

Samples: Securities Purchase Agreement (JPS Textile Group Inc /De/)

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