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 Florida. Buyer has full 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 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 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 1 contract

Samples: Membership Interest Purchase Agreement (ZA Group, Inc.)

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Organization and Authority of Buyer; Enforceability. Buyer is a corporation duly organized, validly existing, existing and in good standing under the laws of the state of Florida. 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, hereunder and to consummate the transactions contemplated hereby. The execution, delivery, 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 limited liability company corporate action on the part of Buyer. This Agreement and the documents to be delivered hereunder have been duly executed and delivered by Buyer andBuyer, and (assuming due authorization, execution, execution and delivery by Seller, ) 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: Asset Purchase Agreement (Veriteq)

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 FloridaDelaware. Buyer has full 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 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 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 Buyer andBuyer, and (assuming due authorization, execution, execution and delivery by Seller, ) 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 (Standard Diversified Inc.)

Organization and Authority of Buyer; Enforceability. Buyer is a corporation CEL and CETS are limited liability companies duly organized, validly existing, existing and in good standing under the laws of the state of Florida. Buyer has full 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 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 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 Buyer andBuyer, and (assuming due authorization, execution, execution and delivery by Seller, ) 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: Asset Purchase Agreement (Acacia Diversified Holdings, 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 Florida. Buyer has full 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 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 limited liability company corporate action on the part of Buyer. This Agreement and the documents to be delivered hereunder have been duly executed and delivered by Buyer andBuyer, and (assuming due authorization, execution, execution and delivery by Seller, ) 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: Asset Purchase Agreement (U.S. Stem Cell, Inc.)

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