Common use of Authorization and Validity Clause in Contracts

Authorization and Validity. The execution, delivery and performance by Buyer of this Agreement and the other agreements contemplated hereby, and the consummation of the transactions contemplated hereby, have been duly authorized by Buyer. This Agreement and each other agreement contemplated hereby have been or will be prior to Closing duly executed and delivered by Buyer and constitute or will constitute legal, valid and binding obligations of Buyer, enforceable against Buyer in accordance with their respective terms.

Authorization and Validity. The execution, delivery and performance by Buyer Seller of this Agreement and the other agreements contemplated hereby, and the consummation of the transactions contemplated hereby, have been duly authorized by BuyerSeller. This Agreement and each other agreement contemplated hereby have been or will be prior to Closing duly executed and delivered by Buyer Seller and constitute or will constitute legal, valid and binding obligations of BuyerSeller, enforceable against Buyer Seller in accordance with their respective terms.

Authorization and Validity. The execution, delivery and performance by Buyer of this Agreement and the other agreements contemplated hereby, hereby by Seller and the consummation of the transactions contemplated herebyhereby and thereby, have been duly authorized by BuyerSeller. This Agreement and each other agreement contemplated hereby have been or will be prior to Closing duly executed and delivered by Buyer Seller and constitute or will constitute legal, valid and binding obligations of BuyerSeller, enforceable against Buyer it in accordance with their respective terms.

Authorization and Validity. The execution, delivery and performance by Buyer of this Agreement and the other agreements contemplated herebyhereby by Purchaser, and the consummation of the transactions contemplated herebyhereby and thereby, have been duly authorized by BuyerPurchaser. This Agreement and each other agreement contemplated hereby have been or will be prior to Closing duly executed and delivered by Buyer Purchaser and constitute or will constitute legal, valid and binding obligations of BuyerPurchaser, enforceable against Buyer Purchaser in accordance with their respective terms.

Authorization and Validity. The execution, delivery and performance by Buyer of this Agreement and the other agreements contemplated herebyhereby by Seller, and the consummation of the transactions contemplated herebyhereby and thereby, have been duly authorized by BuyerSeller. This Agreement has been and each other agreement contemplated hereby have been or will be prior to Closing duly executed and delivered by Buyer Seller and constitute or this Agreement constitutes and each other agreement contemplated hereby will constitute legal, valid and binding obligations of BuyerSeller, enforceable against Buyer each of them in accordance with their respective terms.

Authorization and Validity. The execution, delivery and performance by Buyer of this Agreement and the other agreements contemplated herebyhereby by Purchaser, and the consummation of the transactions contemplated herebyhereby and thereby, have been duly authorized by BuyerPurchaser. This Agreement has been and each other agreement contemplated hereby have been or will be prior to Closing duly executed and delivered by Buyer Purchaser and constitute or this Agreement constitutes and each agreement contemplated hereby will constitute legal, valid and binding obligations of BuyerPurchaser, enforceable against Buyer Purchaser in accordance with their respective terms.

Authorization and Validity. The execution, delivery and performance by Buyer Seller of this Agreement and the other agreements contemplated hereby, and the consummation by Seller of the transactions contemplated hereby, Transactions have been duly authorized by Buyerall necessary corporate action. This Agreement and each other agreement contemplated hereby have has been or will be prior to Closing duly executed and delivered by Buyer Seller and constitute or will constitute this Agreement constitutes a legal, valid and binding obligations obligation of BuyerSeller, enforceable against Buyer Seller in accordance with their respective its terms, except as affected by bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally.

Authorization and Validity. The execution, delivery and performance by Buyer of this Agreement and the other agreements contemplated herebyAgreement, and the consummation of the transactions contemplated herebyhereby and thereby, have been duly authorized by BuyerSeller. This Agreement and each other agreement contemplated hereby have has been or will be prior to Closing duly executed and delivered by Buyer Seller and constitute or will constitute constitutes the legal, valid and binding obligations of BuyerSeller, enforceable against Buyer Seller in accordance with their respective its terms, except as may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors' rights generally or the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by Buyer of this Agreement and the other agreements contemplated herebyto be executed by Seller, and the consummation of the transactions contemplated herebyhereby and thereby, have been duly authorized by BuyerSeller. This Agreement and each other agreement contemplated hereby have agreements to be executed by Seller been or will be prior to Closing duly executed and delivered by Buyer Seller and constitute or will constitute legal, valid and binding obligations of BuyerSeller, enforceable against Buyer Seller in accordance with their respective terms.

Authorization and Validity. The execution, delivery and performance by Buyer of this Agreement and the other agreements contemplated herebyby Seller, and the consummation of the transactions contemplated hereby, have been duly authorized by Buyerall necessary corporate action on the part of Seller. This Agreement and each other agreement contemplated hereby have has been or will be prior to Closing duly executed and delivered by Buyer Seller and constitute or will constitute constitutes the legal, valid and binding obligations obligation of BuyerSeller, enforceable against Buyer Seller in accordance with their respective its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar Laws and equitable principles relating to or limiting creditor's rights generally.

Authorization and Validity. The execution, delivery and performance by Buyer of this Agreement and the other agreements contemplated herebyto be executed by Sellers, and the consummation of the transactions contemplated herebyhereby and thereby, have been duly authorized by BuyerSellers. This Agreement and each other agreement contemplated hereby have been or will be prior to Closing duly executed and delivered by Buyer and constitute or will constitute constitutes legal, valid and binding obligations of BuyerSellers, enforceable against Buyer Sellers in accordance with their respective terms. Sellers have secured all necessary approvals and consents of third parties to the consummation of the transactions contemplated by this Agreement.

Authorization and Validity. The execution, delivery and performance by Buyer Seller of this Agreement and the other agreements consummation of the transaction contemplated hereby, and the consummation of the transactions contemplated hereby, have has been duly authorized by BuyerSeller. This Agreement and each other agreement contemplated hereby have has been or will be prior to as of the Closing Date duly executed and delivered by Buyer Seller and constitute constitutes or will constitute legal, valid and binding obligations of BuyerSeller, enforceable against Buyer Seller in accordance with their its respective terms, except as may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors' rights generally or the availability of equitable remedies.

Authorization and Validity. The execution, delivery and performance by Buyer Seller of this Agreement and the other agreements contemplated hereby, and the consummation of the transactions contemplated hereby, have been duly authorized by Buyer. This Agreement and each other agreement contemplated hereby have been or will be prior to Closing duly executed and delivered by Buyer and constitute or will constitute legal, valid and binding obligations of Buyer, enforceable against Buyer in accordance with their respective termsSeller.

Authorization and Validity. The execution, delivery and performance by Buyer Seller of this Agreement and Agreement, the other agreements contemplated herebyConveyance, the Operating Agreement, the Work-Over Well AFEs, the Investment Letter, and any other agreement required hereunder (as to Seller, the consummation of the transactions contemplated hereby, “Seller Agreements”) have been duly authorized by BuyerSeller. This Agreement and each other agreement contemplated hereby Seller Agreements have been or will be prior to as of the Closing Date duly executed and delivered by Buyer Seller and constitute or will constitute legal, valid and binding obligations of BuyerSeller, enforceable against Buyer Seller in accordance with their respective terms, specifically including the terms and obligations of the Investment Letter.