Common use of Execution and Validity Clause in Contracts

Execution and Validity. Each of the Transaction Documents, when executed by each Seller and delivered to Purchaser, will constitute a valid, legal and binding obligation of such Seller, enforceable against such Seller in accordance with the terms of such Transaction Document, subject to any Law Affecting Creditors' Rights.

Appears in 2 contracts

Samples: Paac Purchase Agreement (Hallmark Financial Services Inc), Purchase Agreement (Hallmark Financial Services Inc)

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Execution and Validity. Each of the Transaction Documents, when executed by each Seller all Sellers and delivered to Purchaser (and assuming the due authorization, execution and delivery of this Agreement by Purchaser), will constitute a valid, legal and binding obligation of such each Seller, enforceable against such each Seller in accordance with the terms of such Transaction Document, subject to any Law Affecting Creditors' ’ Rights.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hallmark Financial Services Inc)

Execution and Validity. Each of the Transaction Documents, when executed by each the Seller and delivered to the Purchaser, will constitute a valid, legal and binding obligation of such the Seller, enforceable against such the Seller in accordance with the terms of such Transaction Document, subject to any Law Affecting Creditors' ’ Rights.

Appears in 1 contract

Samples: Purchase Agreement (Hallmark Financial Services Inc)

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Execution and Validity. Each of the Transaction Documents, when executed by each the Seller and delivered to the Purchaser, will constitute a valid, legal and binding obligation of such the Seller, enforceable against such the Seller in accordance with the terms of such Transaction Document, subject to any Law Affecting Creditors' Rights.

Appears in 1 contract

Samples: Purchase Agreement (Hallmark Financial Services Inc)

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