Common use of Organization and Authority of Buyer; Enforceability Clause in Contracts

Organization and Authority of Buyer; Enforceability. Buyer is a corporation duly organized, validly existing and in good standing under the laws of the state of Georgia. Buyer has full corporate power and authority to enter into this Agreement and the documents to be delivered hereunder, to carry out its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance by Buyer of this Agreement and the documents to be delivered hereunder and the consummation of the transactions contemplated hereby have been duly authorized by all requisite corporate action on the part of Buyer. This Agreement and the documents to be delivered hereunder have been duly executed and delivered by Buyer, and (assuming due authorization, execution and delivery by Seller) this Agreement and the documents to be delivered hereunder constitute legal, valid and binding obligations of Buyer enforceable against Buyer in accordance with their respective terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Northern Power Systems Corp.), Asset Purchase Agreement (Northern Power Systems Corp.)

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Organization and Authority of Buyer; Enforceability. Buyer is a corporation duly organized, validly existing and in good standing under the laws of the state of GeorgiaMichigan. Buyer has full corporate power and authority to enter into this Agreement and the documents to be delivered hereunder, to carry out its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance by Buyer of this Agreement and the documents to be delivered hereunder and the consummation of the transactions contemplated hereby have been duly authorized by all requisite corporate action on the part of Buyer. This Agreement and the documents to be delivered hereunder have been duly executed and delivered by Buyer, and (assuming due authorization, execution and delivery by Seller) this Agreement and the documents to be delivered hereunder constitute legal, valid and binding obligations of Buyer enforceable against Buyer in accordance with their respective terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Famous Daves of America Inc), Asset Purchase Agreement (Famous Daves of America Inc)

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Organization and Authority of Buyer; Enforceability. Buyer is a corporation limited liability company duly organized, validly existing existing, and in good standing under the laws of the state of GeorgiaMichigan. Buyer has full corporate limited liability company power and authority to enter into this Agreement and the documents to be delivered hereunder, to carry out its obligations hereunder hereunder, and to consummate the transactions contemplated hereby. The execution, delivery delivery, and performance by Buyer Bxxxx of this Agreement and the documents to be delivered hereunder and the consummation of the transactions contemplated hereby have been duly authorized by all requisite corporate limited liability company action on the part of Buyer. This Agreement and the documents to be delivered hereunder have been duly executed and delivered by BuyerBxxxx and, and (assuming due authorization, execution execution, and delivery by Seller) Sxxxxxx, this Agreement and the documents to be delivered hereunder constitute legal, valid valid, and binding obligations of Buyer enforceable against Buyer in accordance with their respective terms.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Grown Rogue International Inc.)

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