Common use of Execution and Enforceability Clause in Contracts

Execution and Enforceability. This Agreement has been duly organized and validly executed and delivered by the Seller and constitutes a valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws of general application relating to or affecting enforcement of creditors’ rights generally and general principles of equity.

Appears in 2 contracts

Sources: Sale and Purchase Agreement (Ruger William B Jr), Sale and Purchase Agreement (Sturm Ruger & Co Inc)

Execution and Enforceability. This Agreement has been duly organized and validly executed and delivered by the Seller and constitutes a legal, valid and binding obligation of the Seller, Seller enforceable against the Seller in accordance with its terms, terms subject to applicable the enforcement of equitable remedies, bankruptcy, insolvency, reorganization, moratorium and similar other laws affecting the rights of general application relating to or affecting enforcement of creditors’ rights creditors generally and general principles the judicial limitations of equitythe performance of the remedy of specific performance.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Vineyard National Bancorp), Stock Purchase Agreement (Minnesota Ase Inc)

Execution and Enforceability. This Agreement has been duly organized and validly executed and delivered by Seller. Upon the Seller due authorization, execution and constitutes a delivery of this Agreement by the Assuming Bank, this Agreement will constitute the legal, valid and binding obligation of the Seller, enforceable against the Seller enforceable, (subject to regulatory approval) in accordance with its terms, subject to applicable except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and or other similar laws of general application relating to or affecting enforcement of creditors’ creditors rights generally and by general principles of equityequity principles.

Appears in 2 contracts

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

Execution and Enforceability. This Each Seller represents that this Agreement has been duly organized and validly executed and delivered by the such Seller and constitutes a the legal, valid and binding obligation of the Seller, such Seller enforceable against the such Seller in accordance with its terms, subject assuming the due execution and delivery of this Agreement by each counterparty thereto and except to applicable the extent that such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and fraudulent conveyance or other similar laws of general application relating to or affecting the enforcement of creditors’ rights generally and general principles of equityequitable principles.

Appears in 1 contract

Sources: Stock Purchase Agreement (Digital River Inc /De)

Execution and Enforceability. This Agreement has been duly organized and validly executed and delivered by the Seller and constitutes a the valid and binding obligation of the Seller, Seller enforceable against the Seller in accordance with its terms, subject assuming the due authorization, execution and delivery of this Agreement by Buyer and except to applicable the extent that such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and fraudulent conveyance or other similar laws of general application relating to or affecting the enforcement of creditors' rights generally and general principles of equityequitable principles.

Appears in 1 contract

Sources: Common Stock Purchase Agreement (Fidelity National Financial Inc /De/)