Common use of Execution and Enforceability Clause in Contracts

Execution and Enforceability. This Agreement has been duly executed ---------------------------- and delivered by the Seller and constitutes, and the other agreements, documents and instruments to be executed by the Seller in connection herewith, when duly executed and delivered by the Seller, shall constitute, the legal, valid and binding obligations of the Seller, enforceable against the Seller in accordance with their respective terms except to the extent that enforceability may be limited by bankruptcy, insolvency and other securities laws affecting the enforcement of creditors' rights generally and general equity principles.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Sonic Automotive Inc), Stock Purchase Agreement (Sonic Automotive Inc)

AutoNDA by SimpleDocs

Execution and Enforceability. This Agreement has been duly executed ---------------------------- and delivered by Seller. Upon the Seller due authorization, execution and constitutes, and the other agreements, documents and instruments to be executed delivery of this Agreement by the Seller in connection herewithAssuming Bank, when duly executed and delivered by the Seller, shall constitute, this Agreement will constitute the legal, valid and binding obligations obligation of the Seller, enforceable against the Seller enforceable, (subject to regulatory approval) in accordance with their respective terms its terms, except to the extent that as such enforceability may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other securities similar laws relating to or affecting the enforcement of creditors' creditors rights generally and by general equity principles.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Sterling Bancshares Inc), Purchase and Assumption Agreement (Sterling Bancshares Inc)

Execution and Enforceability. This Agreement has been duly executed ---------------------------- and delivered by the Seller and constitutes, and the other agreements, documents and instruments to be executed by the Seller in connection herewith, when duly executed and delivered by the Assuming Bank. Upon the due authorization, execution and delivery of this Agreement by Seller, shall constitute, this Agreement will constitute the legal, valid and binding obligations obligation of the SellerAssuming Bank, enforceable against the Seller (subject to regulatory approval) in accordance with their respective its terms except to the extent that as such enforceability may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other securities similar laws relating to or affecting the enforcement of creditors' creditors rights generally and by general equity principles.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Financial Bankshares Inc)

Execution and Enforceability. This Agreement has been duly executed ---------------------------- and delivered by the Seller and constitutes, and the other agreements, documents and instruments to be executed by the Seller in connection herewith, when duly executed and delivered by Seller. Upon the Sellerdue authorization, shall constituteexecution and delivery of this Agreement by the Assuming Bank, this Agreement will constitute the legal, valid and binding obligations obligation of the Seller, enforceable against the Seller (subject to regulatory approval) in accordance with their respective terms its terms, except to the extent that as such enforceability may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other securities similar laws relating to or affecting the enforcement of creditors' creditors rights generally and by general equity principles.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Financial Bankshares Inc)

AutoNDA by SimpleDocs

Execution and Enforceability. This Agreement has been duly executed ---------------------------- and delivered by Xxxxxx. Upon the Seller due authorization, execution and constitutes, and the other agreements, documents and instruments to be executed delivery of this Agreement by the Seller in connection herewith, when duly executed and delivered by the Seller, shall constitute, this Agreement will constitute the legal, valid and binding obligations obligation of the SellerXxxxxx, enforceable against the Seller (subject to regulatory approval) in accordance with their respective its terms except to the extent that as such enforceability may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other securities similar laws relating to or affecting the enforcement of creditors' creditors rights generally and by general equity principles.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Sterling Bancshares Inc)

Execution and Enforceability. This Agreement has been duly executed ---------------------------- and delivered by the Seller Assuming Bank. Upon the due authorization, execution and constitutes, and the other agreements, documents and instruments to be executed delivery of this Agreement by the Seller in connection herewith, when duly executed and delivered by the Seller, shall constitute, this Agreement will constitute the legal, valid and binding obligations obligation of the SellerAssuming Bank, enforceable against the Seller (subject to regulatory approval) in accordance with their respective its terms except to the extent that as such enforceability may be limited by bankruptcy, insolvency and insolvency, reorganization, moratorium or other securities similar laws relating to or affecting the enforcement of creditors' creditors rights generally and by general equity principles.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Sterling Bancshares Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.