Common use of Authorization; Binding Effect Clause in Contracts

Authorization; Binding Effect. (a) Seller has all requisite corporate power and authority to sell the Purchased Assets and enter into and deliver this Agreement, the Bill of Sale and any related agreements to which it will be a party a▇▇ ▇o perform its obligations hereunder and thereunder. The execution and delivery by Seller of this Agreement, the Bill of Sale and any related agreements to which it will be a party a▇▇ ▇ts consummation of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action of Seller. (b) This Agreement has been duly executed and delivered by Seller and this Agreement is, and the Bill of Sale any related agreements to which Seller will be a party, ▇▇▇▇ duly executed and delivered by Seller, will be, valid and legally binding obligations of Seller, enforceable against Seller in accordance with their respective terms.