Common use of Due Authorization; Binding Obligation Clause in Contracts

Due Authorization; Binding Obligation. The execution, delivery and performance by each of the Buyers of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of each Buyer. This Agreement has been duly and validly executed and delivered by each Buyer. This Agreement constitutes the valid and binding obligations of each Buyer, enforceable in accordance with its terms, subject to the qualification, however, that the enforcement of the rights and remedies created hereby is subject to bankruptcy and other similar laws of general application relating to or affecting the rights and remedies of creditors and that the availability of the remedy of specific enforcement or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought. For the avoidance of doubt, the Parties acknowledge that the Closing hereunder is subject to the satisfaction of certain conditions precedent as provided herein.

Due Authorization; Binding Obligation. The execution, delivery and performance by each of the Buyers Seller of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of each BuyerSeller. This Agreement has been duly and validly executed and delivered by each BuyerSeller. This Agreement constitutes the valid and binding obligations of each BuyerSeller, enforceable in accordance with its terms, subject to the qualification, however, that the enforcement of the rights and remedies created hereby is subject to bankruptcy and other similar laws of general application relating to or affecting the rights and remedies of creditors and that the availability of the remedy of specific enforcement or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought. For the avoidance of doubt, the Parties acknowledge that the Closing hereunder is subject to the satisfaction of certain conditions precedent as provided herein.

Due Authorization; Binding Obligation. The execution, delivery and performance by each of the Buyers Seller of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of each BuyerSeller. This Agreement has been duly and validly executed and delivered by each BuyerSeller. This Agreement constitutes the valid and binding obligations of each BuyerSeller, enforceable in accordance with its terms, subject to the qualification, however, that the enforcement of the rights and remedies created hereby is subject to bankruptcy and other similar laws of general application relating to or affecting the rights and remedies of creditors and that the availability of the remedy of specific enforcement or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought. For the avoidance of doubt, the Parties acknowledge that the Closing hereunder is subject to the satisfaction of certain conditions precedent as provided herein.

Due Authorization; Binding Obligation. The execution, delivery and performance by each of the Buyers Seller of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of each BuyerSeller. This Agreement has been duly and validly executed and delivered by each BuyerSeller. This Agreement constitutes the valid and binding obligations obligation of each BuyerSeller, enforceable in accordance with its terms, subject to the qualification, however, that the enforcement of the rights and remedies created hereby is subject to bankruptcy and other similar laws Laws of general application relating to or affecting the rights and remedies of creditors and that the availability of the remedy of specific enforcement or of injunctive relief is subject to the discretion of the court before which any proceeding therefor therefore may be brought. For the avoidance of doubt, the Parties acknowledge that the Closing hereunder is subject to the satisfaction of certain conditions precedent as provided herein.

Due Authorization; Binding Obligation. The execution, delivery and performance by each of the Buyers Seller of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of each Buyerthe Seller. This Agreement has been duly and validly executed and delivered by each Buyerthe Seller. This Agreement constitutes the valid and binding obligations of each Buyerthe Seller, enforceable against it in accordance with its terms, subject to the qualification, however, that the enforcement of the rights and remedies created hereby is subject to bankruptcy and other similar laws of general application relating to or affecting the rights and remedies of creditors and that the availability of the remedy of specific enforcement or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought. For the avoidance of doubt, the Parties acknowledge that the Closing hereunder is subject to the satisfaction of certain conditions precedent as provided herein.

Due Authorization; Binding Obligation. The execution, delivery and performance by each of the Buyers Buyer of this Agreement Agreement, and the consummation of the transactions contemplated hereby hereby, have been duly authorized by all necessary corporate action on the part of each Buyer. This Agreement has been duly and validly executed and delivered by each Buyer. This Agreement constitutes the valid and binding obligations of each Buyer, enforceable in accordance with its terms, subject to the qualification, however, that the enforcement of the rights and remedies created hereby is subject to bankruptcy and other similar laws of general application relating to or affecting the rights and remedies of creditors and that the availability of the remedy of specific enforcement or of injunctive relief is subject to the discretion of the court before which any proceeding therefor may be brought. For the avoidance of doubt, the Parties acknowledge that the Closing hereunder is subject to the satisfaction of certain conditions precedent as provided herein.