Common use of Authorization of the Transactions Clause in Contracts

Authorization of the Transactions. The Company has or will have on or prior to the Closing Date all requisite power and authority to consummate the Transactions to which it is a party and to enter into all agreements related to the Transactions (collectively, the “Transaction Documents”) to which it is a party. Each of the Transaction Documents has been or will have been on or prior to the Closing Date duly authorized by the Company and, when executed and delivered by the Company (assuming due authorization, execution and delivery by the other parties thereto) constitute a legal, valid and binding agreement of the Company, enforceable against the Company, in accordance with its terms, except as such enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors generally or by general equitable principles.

Authorization of the Transactions. The Company has or will have on or prior to the Closing Date all requisite power and authority to consummate the Transactions to which it is a party and to enter into all agreements related to the Transactions (collectively, the “Transaction Documents”) to which it is a party. Each of the Transaction Documents has been or will have been on or prior to the Closing Date Date, duly authorized by the Company and, when executed and delivered by the Company (assuming due authorization, execution and delivery by the other parties thereto) constitute a legal, valid and binding agreement of the Company, enforceable against the Company, in accordance with its terms, except as such enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors generally or by general equitable principles.