Common use of By Each Party Clause in Contracts

By Each Party. Each Party represents and warrants to the other Party that: (i) the warranting Party has full power and authority to execute and deliver this Agreement and to perform its obligations under this Agreement and (ii) this Agreement has been duly executed and delivered by the warranting Party and, assuming the due execution and delivery of this Agreement by both Parties, constitutes a valid and binding agreement of the warranting Party enforceable against the warranting Party in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization or similar laws affecting the enforcement of creditors’ rights generally and general equitable principles.

Appears in 4 contracts

Samples: Transitional Trademark License Agreement Vectrus (Exelis Inc.), Itt Transitional Trademark License Agreement — Exelis (ITT Corp), Itt Transitional Trademark License Agreement — Exelis (Exelis Inc.)

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By Each Party. Each Party represents and warrants to the other Party that: (ia) the warranting Party has full the requisite corporate or other power and authority and has taken all corporate or other action necessary in order to execute execute, deliver and deliver perform this Agreement and to perform its obligations under this Agreement Agreement; and (iib) this Agreement has been duly executed and delivered by the warranting Party and, assuming the due execution and delivery of this Agreement by both Parties, constitutes a valid and binding agreement of the warranting Party enforceable against the warranting Party in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization or similar laws affecting the enforcement of creditors’ rights generally and general equitable principles.

Appears in 3 contracts

Samples: Transitional Trademark License Agreement (Johnson Controls International PLC), Transitional Trademark License Agreement (Adient LTD), Transitional Trademark License Agreement (Adient LTD)

By Each Party. Each Party represents and warrants to each of the other Party Parties that: (i) the warranting Party has full power and authority to execute and deliver this Agreement and to perform its obligations under this Agreement Agreement; and (ii) this Agreement has been duly executed and delivered by the warranting Party and, assuming the due execution and delivery of this Agreement by both all Parties, constitutes a valid and binding agreement of the warranting Party enforceable against the warranting Party in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization or similar laws affecting the enforcement of creditors’ rights generally and general equitable principles.

Appears in 2 contracts

Samples: Technology License Agreement (Exelis Inc.), Technology License Agreement (Vectrus, Inc.)

By Each Party. Each Party represents and warrants to the other Party that: (i) the warranting Party has full power and authority to execute and deliver this Agreement and to perform its obligations under this Agreement and (ii) this Agreement has been duly executed and delivered by the warranting Party and, assuming the due execution and delivery of this Agreement by both Parties, constitutes a valid and binding agreement of the warranting Party enforceable against the warranting Party in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization or similar laws Laws affecting the enforcement of creditors’ rights generally and general equitable principles.

Appears in 1 contract

Samples: Goulds Trademark License Agreement (Xylem Inc.)

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By Each Party. Each Party represents and warrants to the other Party that: (i) the warranting Party has full power and authority to execute and deliver this Agreement and to perform its obligations under this Agreement and Agreement, (ii) this Agreement has been duly executed and delivered by the warranting Party and, assuming the due execution and delivery of this Agreement by both Parties, constitutes a valid and binding agreement of the warranting Party enforceable against the warranting Party in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, receivership, moratorium, reorganization or similar laws affecting the enforcement of creditors’ rights generally and general equitable principles, and (iii) it has all necessary rights to provide the releases in Section 1.3.

Appears in 1 contract

Samples: Transition Agreement (Pennsylvania Commerce Bancorp Inc)

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