Common use of Execution and Validity Clause in Contracts

Execution and Validity. Each of the NON CORPORATE SELLERS has the full power and capacity and each of the CORPORATE SELLERS has the full corporate power and authority to enter into this AGREEMENT and to perform its obligations hereunder. The execution and delivery of this AGREEMENT and the performance of the transactions contemplated hereby have been duly authorized by all required corporate action on behalf of each of the CORPORATE SELLERS. This AGREEMENT has been duly and validly executed and delivered by each SELLER and, assuming due authorization, execution and delivery by the PURCHASER, constitutes a legal, valid and binding obligation upon each of the SELLERS, enforceable against each of them in accordance with its terms.