Full Power and Authority Clause Examples
The "Full Power and Authority" clause affirms that each party entering into the agreement has the legal right and capacity to do so. In practice, this means that the individuals signing on behalf of a company or organization are duly authorized and that the entity itself is not restricted by its governing documents or applicable laws from entering into the contract. This clause helps prevent disputes over the validity of the agreement by ensuring that all parties have the necessary authority to bind themselves or their organizations, thereby reducing the risk of unenforceable contracts.
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Full Power and Authority. The Servicer has the full power and authority to enter into and consummate all transactions contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement.
Full Power and Authority. Buyer represents that it has full power and authority to enter into this Agreement.
Full Power and Authority. The Seller has the full power and authority to enter into and consummate all transactions contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement.
Full Power and Authority. Each Party represents and warrants to the other Party that (i) it has the full right, power, and authority to enter into and perform its obligations under this Agreement, and (ii) no other contractual obligation exists that would prevent Employer from entering into this Agreement or performing its obligations under this Agreement.
Full Power and Authority. The Owner has the full power and authority to enter into and consummate all transactions contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement.
Full Power and Authority. It/he has full power and authority to execute, enter into and perform its/his obligations under this Agreement; this Agreement, after execution by both parties hereto, will be a legal, valid and binding obligation of such party enforceable against it/him in accordance with its terms; it/he will not act or omit to act in any way which would materially interfere with or prohibit the performance of any of its/his obligations hereunder, and no approval or consent other than as has been obtained of any other party is necessary in connection with the execution and performance of this Agreement.
Full Power and Authority. The Company represents and warrants that it has full power and authority to enter into this Agreement, and to perform all of its obligations hereunder.
Full Power and Authority. The Trustee represents and warrants that it has full power and authority to enter into this Agreement, and to perform all of its obligations hereunder.
Full Power and Authority. The Purchaser has the full power and authority to enter into and consummate all transactions contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement.
Full Power and Authority. The MSR Owner has the full power and authority to enter into and consummate all transactions contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement.