Common use of Necessary Authorization Clause in Contracts

Necessary Authorization. Subject to the conditions listed in Section 8.2, each Party represents that it has the necessary corporate and legal authority to enter into this Agreement and to perform each and every duty and obligation imposed herein, including those set forth under the Schedules, and that this Agreement, when executed by the duly authorized representative of each Party, represents a valid, binding and enforceable legal obligation of such Party and that the consummation of the transactions contemplated herein will not violate any organizational documents, agreements or any applicable laws. Each individual affixing a signature to this Agreement represents and warrants that he or she has been duly authorized to execute this Agreement on behalf of the Party he or she represents, and that by signing the Agreement, a valid, binding and enforceable legal obligation of said Party has been created.