Common use of Corporate Authority and Approval Clause in Contracts

Corporate Authority and Approval. Each of Parent and Merger Sub has full corporate power and authority and has taken all corporate action necessary in order to execute, deliver and perform its obligations under this Agreement and to consummate the Merger and the Transactions contemplated hereby in accordance with the terms hereof. This Agreement has been duly executed and delivered by Parent and Merger Sub and, assuming due authorization, execution and delivery hereof by the Company, constitutes a valid and binding agreement of Parent and Merger Sub enforceable against Parent and Merger Sub in accordance with its terms, subject to the Enforceability Exceptions.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Diodes Inc /Del/), Agreement and Plan of Merger (Pericom Semiconductor Corp)

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Corporate Authority and Approval. Each of Parent and Merger Sub has full corporate power and authority and has taken all corporate action necessary in order to execute, deliver and perform its obligations under this Agreement and to consummate the Merger and the Transactions contemplated hereby in accordance with the terms hereof. This Agreement has been duly executed and delivered by Parent and Merger Sub and, assuming due authorization, execution and delivery hereof by the Company, constitutes a valid and binding agreement of Parent and Merger Sub enforceable against Parent and Merger Sub in accordance with its terms, subject to the Enforceability Exceptions.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Silicon Laboratories Inc), Agreement and Plan of Merger (Sigma Designs Inc)

Corporate Authority and Approval. Each of Parent and Merger Sub each has full all requisite corporate power and authority and each has taken all corporate action necessary in order to execute, deliver and perform its obligations under this Agreement and to consummate the Merger and the Transactions contemplated hereby in accordance with the terms hereofAgreement. This Agreement has been duly executed and delivered by Parent and Merger Sub and, assuming due authorization, execution and delivery hereof by the Company, constitutes is a valid and binding agreement of Parent and Merger Sub Sub, enforceable against each of Parent and Merger Sub in accordance with its terms, subject to the Enforceability ExceptionsBankruptcy and Equity Exception. The Parent Merger Shares, when issued pursuant to this Agreement, will be validly issued, fully paid and nonassessable.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Dci Telecommunications Inc)

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Corporate Authority and Approval. (a) Each of Parent and Merger Sub has full all requisite corporate power and authority and has taken all corporate action necessary in order to execute, deliver and perform its obligations under this Agreement and to consummate the Merger and the Transactions contemplated hereby in accordance with the terms hereofAgreement. This Agreement has been duly executed and delivered by each of Parent and Merger Sub and, assuming due authorization, execution and delivery hereof by the Company, constitutes a valid and binding agreement of Parent and Merger Sub enforceable against Parent and Merger Sub Sub, as the case may be, in accordance with its terms, subject to the Enforceability Bankruptcy and Equity Exceptions.

Appears in 1 contract

Samples: Merger Agreement

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