Common use of Authorization and Validity of Agreement Clause in Contracts

Authorization and Validity of Agreement. Purchaser has all requisite corporate power and corporate authority to enter into this Agreement and to perform its obligations hereunder. The execution and delivery of this Agreement and the performance of the obligations of Purchaser hereunder have been duly authorized by all necessary corporate action by the board of directors of Purchaser, and no other corporate proceedings on the part of Purchaser are necessary to authorize the execution, delivery, or performance. This Agreement has been duly executed by Purchaser and constitutes Purchaser’s valid and binding obligation, enforceable against Purchaser in accordance with its terms.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Caseys General Stores Inc), Asset Purchase Agreement (Caseys General Stores Inc), Asset Purchase Agreement (Caseys General Stores Inc)

AutoNDA by SimpleDocs

Authorization and Validity of Agreement. Purchaser has all requisite corporate power and corporate authority to enter into this Agreement and to perform carry out its obligations hereunder. The execution and delivery of this Agreement and the performance of the Purchaser's obligations of Purchaser hereunder have been duly authorized by all necessary corporate action by the board of directors of Purchaseraction, and no other corporate proceedings proceeding on the part of Purchaser are is necessary to authorize the such execution, delivery, or delivery and performance. This Agreement has been duly executed by Purchaser and constitutes Purchaser’s its valid and legally binding obligation, enforceable against Purchaser it in accordance with its terms.

Appears in 3 contracts

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

Authorization and Validity of Agreement. Purchaser has all requisite corporate power and corporate authority to enter into this Agreement and to perform its obligations hereunder. The execution and delivery of this Agreement and the performance of the obligations of Purchaser hereunder have been duly authorized by all necessary corporate action by the board of directors of Purchaser, and no other corporate proceedings on the part of Purchaser are necessary to authorize the execution, delivery, delivery or performance. This Agreement has been duly executed by Purchaser and constitutes Purchaser’s valid and binding obligation, enforceable against Purchaser in accordance with its terms.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Automotive Finance Corp), Stock Purchase Agreement (Automotive Finance Corp)

Authorization and Validity of Agreement. Purchaser Buyer has all requisite corporate power and corporate authority to enter into this Agreement and to perform its obligations hereunderhereunder and to consummate the transactions contemplated hereby. The execution execution, delivery and delivery performance by Buyer of this Agreement and the performance consummation of the obligations of Purchaser hereunder transactions contemplated hereby have been duly and validly authorized by all necessary corporate action by the board of directors of Purchaser, and no other corporate proceedings on the part of Purchaser are necessary to authorize the execution, delivery, or performanceBuyer. This Agreement has been duly executed and delivered by Purchaser Buyer and constitutes Purchaser’s is a legal, valid and binding obligation, obligation of Buyer enforceable against Purchaser Buyer in accordance with its terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Voip Inc), Asset Purchase Agreement (iTalk Inc.)

Authorization and Validity of Agreement. Purchaser has all requisite corporate power and corporate authority to enter into this Agreement and to perform carry out its obligations hereunder. The execution and delivery of this Agreement and the performance of the Purchaser’s obligations of Purchaser hereunder have been duly authorized by all necessary corporate action by the board of directors of Purchaseraction, and no other corporate proceedings proceeding on the part of Purchaser are is necessary to authorize the such execution, delivery, or delivery and performance. This Agreement has been duly executed by Purchaser and constitutes Purchaser’s its valid and legally binding obligation, enforceable against Purchaser it in accordance with its terms.

Appears in 1 contract

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

Authorization and Validity of Agreement. Purchaser has all requisite corporate power and corporate authority to enter into this Agreement and to perform its obligations hereunder. The execution and delivery of this Agreement and the performance of the obligations of Purchaser hereunder have been duly authorized by all necessary corporate action by the board of directors and shareholders of Purchaser, and no other corporate proceedings on the part of Purchaser are necessary to authorize the execution, delivery, delivery or performance. This Agreement has been duly executed by Purchaser and constitutes Purchaser’s a valid and binding obligation, enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Top Source Technologies Inc)

Authorization and Validity of Agreement. Purchaser has all requisite corporate power and corporate authority to enter into this Agreement and to perform its obligations hereunder. The execution and delivery of this Agreement and the performance of the obligations of Purchaser hereunder have been duly authorized by all necessary corporate action by the board Board of directors Directors of Purchaser, and no other corporate proceedings on the part of Purchaser are necessary to authorize the execution, delivery, or performance. This Agreement has been duly executed by Purchaser and constitutes Purchaser’s 's valid and binding obligation, enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (On THE MOVE Corp)

AutoNDA by SimpleDocs

Authorization and Validity of Agreement. Purchaser Buyer has all requisite the corporate power and corporate authority to enter into this Agreement and to perform carry out its obligations hereunder. The execution and delivery of this Agreement and the performance of the Buyer's obligations of Purchaser hereunder have been, or will have been on the Closing Date, duly authorized by all necessary corporate action by the board Board of directors Directors of PurchaserBuyer, and no other corporate proceedings on the part of Purchaser the Buyer are necessary to authorize the such execution, delivery, or delivery and performance. This Agreement has been duly executed by Purchaser Buyer and constitutes Purchaser’s is the legal, valid and binding obligation, enforceable against Purchaser in accordance with its termsobligation of Buyer.

Appears in 1 contract

Samples: Subscription Agreement (Planet Hollywood International Inc)

Authorization and Validity of Agreement. Purchaser Buyer has all requisite corporate power and corporate authority to enter into this Agreement and to perform carry out its obligations hereunder. The execution and delivery of this Agreement and the performance of the Buyer’s obligations of Purchaser hereunder have been duly authorized by all necessary corporate action by the board of directors (or equivalent) of PurchaserBuyer, and no other corporate proceedings action on the part of Purchaser are Buyer is necessary to authorize the such execution, delivery, or delivery and performance. This Agreement has been or will be duly executed by Purchaser Buyer and constitutes Purchaser’s constitutes, or will when executed constitute, its valid and binding obligation, enforceable against Purchaser it in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Wave Systems Corp)

Authorization and Validity of Agreement. Purchaser has all requisite corporate power and corporate authority to enter into this Agreement and to perform its obligations hereunder. The execution and delivery of this Agreement and the performance of the obligations of Purchaser hereunder have been duly authorized by all necessary corporate action by the board Board of directors Directors of Purchaser, and no other corporate proceedings on the part of Purchaser are necessary to authorize the execution, delivery, delivery or performanceperformance of this Agreement. This Agreement has been duly executed by Purchaser and constitutes Purchaser’s the valid and binding obligation, obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mdu Communications International Inc)

Authorization and Validity of Agreement. (a) Purchaser has all the requisite corporate power and corporate authority to enter into execute and deliver this Agreement and to perform its obligations hereunderconsummate the transactions contemplated hereby in accordance with the terms hereof. The execution Purchaser has duly authorized the execution, delivery and delivery performance of this Agreement and the performance of the obligations of by Purchaser hereunder have been duly authorized by all necessary corporate action by the board of directors of Purchaser, and no other corporate proceedings on the part of Purchaser are necessary to authorize this Agreement or the execution, delivery, or performancetransactions contemplated hereby. This Agreement has been duly executed and delivered by Purchaser and constitutes Purchaser’s the legal, valid and binding obligationobligation of Purchaser, enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Journal Register Co)

Time is Money Join Law Insider Premium to draft better contracts faster.