Common use of Authorization, Execution and Enforceability Clause in Contracts

Authorization, Execution and Enforceability. (a) The execution, delivery and performance by the Company of the Financing Documents and the issuance of the Notes by the Company have been duly and validly authorized and are within its corporate powers. Each of the Financing Documents (other than the Notes) and the Material Recapitalization Documents to which it is a party has been duly authorized, executed and delivered by the Company and constitutes its valid and binding agreement enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally and equitable principles of general applicability. When executed and delivered by the Company against payment therefor in accordance with the terms hereof, the Notes will constitute valid and binding obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally and equitable principles of general applicability.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Black & Decker Corp), Securities Purchase Agreement (True Temper Sports Inc)

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Authorization, Execution and Enforceability. (a) The execution, delivery and performance by the Company each Obligor of the Financing Documents and Material Acquisition Documents to which it is a party and the issuance of the Notes by the Company have been duly and validly authorized and are within its corporate powers. Each of the Financing Documents (other than the Notes) and the Material Recapitalization Acquisition Documents to which it is a party has been duly authorized, executed and delivered by the Company each Obligor party thereto and constitutes its valid and binding agreement agreement, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally and equitable principles of general applicability. When executed and delivered by the Company against payment therefor in accordance with the terms hereof, . the Notes will constitute valid and binding obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally and equitable principles of general applicability.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Aki Inc), Securities Purchase Agreement (Aki Holding Corp)

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Authorization, Execution and Enforceability. (a) The execution, delivery and performance by the Company each Credit Party party to each of the Financing Documents and the Material Acquisition Documents and the issuance of the Notes by the Company have been duly and validly authorized and are within its each such Credit Party's corporate powers. Each of the Financing Documents (other than the Notes) and the Material Recapitalization Acquisition Documents to which it is a party has been duly authorized, executed and delivered by the Company Credit Parties party thereto and constitutes its their valid and binding agreement agreement, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally and equitable principles of general applicability. When executed and delivered by the Company against payment therefor in accordance with the terms hereof, the Notes will constitute valid and binding obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and other similar laws affecting creditors' rights generally and equitable principles of general applicability.

Appears in 1 contract

Samples: Securities Purchase Agreement (Sjit Inc)

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