CORPORATE POWERS AND AUTHORIZATIONS Clause Samples
The 'Corporate Powers and Authorizations' clause defines the authority of a corporation to enter into agreements and perform its obligations under a contract. It typically requires that the corporation has taken all necessary internal steps, such as board approvals or shareholder consents, to validly execute and deliver the agreement. This clause ensures that the corporation is legally empowered to act, thereby protecting the other party from challenges related to lack of authority or improper authorization.
CORPORATE POWERS AND AUTHORIZATIONS. The Purchaser has the corporate capacity, power and authority and full legal right to enter into and execute this Agreement and all ancillary documents hereto and to perform all of its obligations thereunder. The Purchaser has taken all necessary action to authorize the execution of this Agreement and its ancillary documents on its behalf by its officers, directors and shareholders and to authorize the performance of all of its obligations thereunder; this Agreement and such ancillary documents have been duly executed by a duly authorized person on behalf of the Purchaser and this Agreement and its ancillary documents constitute valid and legally binding obligations of the Purchaser enforceable against it in accordance with their terms, except as enforcement may be limited by bankruptcy, insolvency, and other laws affecting the rights of creditors generally and except that equitable remedies may be granted only in the discretion of a court of competent jurisdiction.
CORPORATE POWERS AND AUTHORIZATIONS. All corporate acts required to authorize the execution and formalization of this Agreement have been duly established and obtained by the Net Group Companies. The same Net Group Companies possess the powers required to carry out the acts specified herein, and the individuals representing the Net Group Companies and signing this Agreement duly authorized to do the same;
CORPORATE POWERS AND AUTHORIZATIONS. All the corporate acts required to authorize the execution and formalization of this Agreement by the Creditor Institution have been duly undertaken and obtained, with the Creditor Institution possessing the powers necessary to realize the acts specified herein and the individuals representing it in the signing of this Agreement duly authorized to carry out the same;
CORPORATE POWERS AND AUTHORIZATIONS ancillary documents constitute valid and legally binding obligations of UsCo enforceable against it in accordance with their terms, except as enforcement may be limited by bankruptcy, insolvency, and other laws affecting the rights of creditors generally and except that equitable remedies may be granted only in the discretion of a court of competent jurisdiction.