Common use of Execution, Delivery; Valid and Binding Agreement Clause in Contracts

Execution, Delivery; Valid and Binding Agreement. The execution, delivery and performance of the Transaction Documents by the Company and the consummation of the transactions contemplated hereby and thereby have been duly and validly authorized by all requisite corporate action, and no other corporate proceedings on its part are necessary to authorize the execution, delivery and performance of this Agreement, other than the approval of this Agreement and related transactions by the shareholders of the Company. This Agreement has been duly executed and delivered by the Company and constitutes the valid and binding obligation of the Company, enforceable in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights or by general principles of equity.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Briazz Inc), Securities Purchase Agreement (Briazz Inc)

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Execution, Delivery; Valid and Binding Agreement. The execution, delivery and performance of the Transaction Documents by the Company and the consummation of the transactions contemplated hereby and thereby have been duly and validly authorized by all requisite corporate action, and no other corporate proceedings on its part are necessary to authorize the execution, delivery and performance of this Agreement, other than the approval of this Agreement and related transactions by the shareholders of the Company. This Agreement has been duly executed and delivered by the Company and constitutes the valid and binding obligation of the Company, enforceable in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights or by general principles of equity.

Appears in 1 contract

Samples: Securities Purchase Agreement (Briazz Inc)

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Execution, Delivery; Valid and Binding Agreement. The execution, delivery and performance of the Transaction Documents this Agreement by the Company Buyer and the consummation of the transactions contemplated hereby and thereby have been duly and validly authorized by all requisite corporate actionthe Buyer, and no other corporate proceedings on its part are necessary to authorize the execution, delivery and or performance of this Agreement, other than the approval of this Agreement and related transactions by the shareholders of the Company. This Agreement has been duly executed and delivered by the Company Buyer and, assuming that this Agreement is the valid and binding agreement of the Seller, constitutes the valid and binding obligation of the CompanyBuyer, enforceable in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights or by general principles of equity.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Kti Inc)

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