By PFP Sample Clauses

By PFP. PFP has the corporate power and authority to enter into this Agreement and to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by PFP of this Agreement, the issuance by PFP of PFP Share Consideration to PAC Mexico in accordance with Section 1.2 of this Agreement and consummation by PFP of the other transactions contemplated hereby, and the performance by PFP of its obligations hereunder, have been duly and effectively authorized by all necessary corporate action on the part of PFP. This Agreement has been duly executed and delivered by PFP and constitutes a legal, valid and binding obligation of PFP, fully enforceable against PFP in accordance with its terms; except as enforceability hereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application relating to or affecting enforcement of creditors' rights and the exercise of judicial discretion in accordance with general principles of equity.
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