Common use of Power and Authority; Enforceability Clause in Contracts

Power and Authority; Enforceability. This Agreement constitutes the legal, valid, and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms. The Buyer has full entity power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Buyer has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation of the transactions contemplated hereby. This Agreement has been duly authorized, executed and delivered by, and is enforceable against, the Buyer.

Appears in 66 contracts

Samples: Securities Subscription Agreement (Queen's Gambit Growth Capital II), Securities Purchase Agreement (Pure Acquisition Corp.), Securities Subscription Agreement (Decarbonization Plus Acquisition Corp V)

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Power and Authority; Enforceability. This Agreement constitutes the legal, valid, and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms. The Buyer has full entity power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Buyer has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation of the transactions contemplated hereby. This Agreement has been duly authorized, executed and delivered by, and is enforceable against, the Buyer.

Appears in 14 contracts

Samples: Subscription Agreement (Education Media, Inc.), Securities Purchase Agreement (Hicks Acquisition CO II, Inc.), Securities Purchase Agreement (L&L Acquisition Corp.)

Power and Authority; Enforceability. This Agreement constitutes the legal, valid, valid and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms. The Buyer has full entity power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Buyer has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation of the transactions contemplated hereby. This Agreement has been duly authorized, executed and delivered by, and is enforceable against, the Buyer.

Appears in 14 contracts

Samples: Securities Subscription Agreement (Spartan Acquisition Corp. IV), Securities Subscription Agreement (Live Oak Crestview Climate Acquisition Corp.), Securities Subscription Agreement (Black Mountain Acquisition Corp.)

Power and Authority; Enforceability. This Agreement constitutes the legal, valid, and binding obligation of the BuyerPurchaser, enforceable against the Buyer Purchaser in accordance with its terms. The Buyer Purchaser has full entity power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Buyer Purchaser has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation of the transactions contemplated hereby. This Agreement has been duly authorized, executed and delivered by, and is enforceable against, by the BuyerPurchaser.

Appears in 12 contracts

Samples: Backstop Common Stock Purchase Agreement (Global Defense & National Security Holdings LLC), Backstop Common Stock Purchase Agreement (Global Defense & National Security Systems, Inc.), Common Stock Purchase Agreement (STG Group, Inc.)

Power and Authority; Enforceability. This Agreement constitutes the legal, valid, and binding obligation of the BuyerPurchaser, enforceable against the Buyer Purchaser in accordance with its terms. The Buyer Purchaser has full entity power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Buyer If the Purchaser is an entity, the Purchaser has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation of the transactions contemplated hereby. This Agreement has been duly authorized, executed and delivered by, and is enforceable against, by the BuyerPurchaser.

Appears in 6 contracts

Samples: Warrant Subscription Agreement (GRASSMERE ACQUISITION Corp), Warrant Subscription Agreement (GRASSMERE ACQUISITION Corp), Warrant Subscription Agreement (GRASSMERE ACQUISITION Corp)

Power and Authority; Enforceability. This Agreement constitutes the legal, valid, and binding obligation of the BuyerSeller, enforceable against the Buyer Seller in accordance with its terms. The Buyer Seller has full entity power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Buyer Seller has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder hereunder, and the consummation of the transactions contemplated hereby. This Agreement has been duly authorized, executed executed, and delivered by, and is enforceable against, the BuyerSeller.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Mountain & Co. I Acquisition Corp.), Securities Purchase Agreement (Target Global Acquisition I Corp.), Securities Purchase Agreement (Forbion European Acquisition Corp.)

Power and Authority; Enforceability. This Each Seller hereby represents to the Buyer, as to itself, that this Agreement constitutes the its legal, valid, and binding obligation of the Buyerobligation, enforceable against the Buyer it in accordance with its terms. The Buyer It has full entity power and authority capacity to execute and deliver this Agreement and to perform its obligations hereunder. The Buyer has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation of the transactions contemplated hereby. This Agreement has been duly authorizedexecuted, executed and delivered by, and is enforceable against, the Buyersuch Seller.

Appears in 2 contracts

Samples: Sale Agreement (Prospect Acquisition Corp), Stock Purchase and Sale Agreement (Prospect Acquisition Corp)

Power and Authority; Enforceability. This Agreement constitutes the legal, valid, and binding obligation of the such Buyer, enforceable against the such Buyer in accordance with its terms. The Such Buyer has full entity power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Such Buyer has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation of the transactions contemplated hereby. This Agreement has been duly authorized, executed and delivered by, and is enforceable against, the such Buyer.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Silver Eagle Acquisition Corp.), Securities Purchase Agreement (Global Eagle Acquistion Corp. II)

Power and Authority; Enforceability. This Agreement constitutes the legal, valid, and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms. The Buyer has full entity power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Buyer has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation of the transactions contemplated hereby. This Agreement has been duly authorized, executed and delivered by, and is enforceable against, by the Buyer.

Appears in 1 contract

Samples: Securities Subscription Agreement (Beard Energy Transition Acquisition Corp.)

Power and Authority; Enforceability. This Each Seller hereby represents to the Buyer, as to itself, that this Agreement constitutes the its legal, valid, and binding obligation of the Buyerobligation, enforceable against the Buyer it in accordance with its terms. The Buyer It has full entity power and authority capacity to execute and deliver this Agreement and to perform its obligations hereunder. The Buyer has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation of the transactions contemplated hereby. This Agreement has been duly authorizedexecuted, executed and delivered by, and is enforceable against, the Buyerit.

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Prospect Acquisition Corp)

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Power and Authority; Enforceability. This Agreement constitutes the legal, valid, and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms. The Buyer has full entity power and authority to execute and deliver this Agreement and to perform its his obligations hereunder. The Buyer has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its his obligations hereunder and the consummation of the transactions contemplated hereby. This Agreement has been duly authorized, executed and delivered by, and is enforceable against, the Buyer.

Appears in 1 contract

Samples: Securities Purchase Agreement (L&L Acquisition Corp.)

Power and Authority; Enforceability. This The Seller hereby represents to each Buyer that this Agreement constitutes the its legal, valid, and binding obligation of the Buyerobligation, enforceable against the Buyer it in accordance with its terms. The Buyer It has full entity power and authority capacity to execute and deliver this Agreement and to perform its obligations hereunder. The Buyer has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation of the transactions contemplated hereby. This Agreement has been duly authorizedexecuted, executed and delivered by, and is enforceable against, the BuyerSeller.

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Prospect Acquisition Corp)

Power and Authority; Enforceability. This Agreement constitutes the legal, valid, and binding obligation of the BuyerSeller, enforceable against the Buyer Seller in accordance with its terms. The Buyer Seller has full entity power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Buyer Seller has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder hereunder, and the consummation of the transactions contemplated hereby. This Agreement has been duly authorized, executed executed, and delivered by, and is enforceable against, the BuyerSeller.

Appears in 1 contract

Samples: Stock Purchase Agreement (Hanover-STC Acquisition Corp.)

Power and Authority; Enforceability. This Agreement constitutes the legal, valid, and binding obligation of the Buyersuch Purchaser, enforceable against the Buyer such Purchaser in accordance with its terms. The Buyer Such Purchaser has full entity power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Buyer Such Purchaser has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation of the transactions contemplated hereby. This Agreement has been duly authorized, executed and delivered by, and is enforceable against, the Buyerby such Purchaser.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Global Eagle Acquisition Corp.)

Power and Authority; Enforceability. Buyer has the power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. This Agreement constitutes and all documents contemplated by this Agreement have been duly approved by the members and managers of Buyer. This Agreement and all documents contemplated by this Agreement constitute the legal, valid, and binding obligation of the Buyer, and is enforceable against the Buyer in accordance with its terms. The Buyer has full entity power and authority to execute and deliver this Agreement and to perform its obligations hereunder. The Buyer has taken all actions necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the consummation of the transactions contemplated hereby. This Agreement has been duly authorized, executed and delivered by, and is enforceable against, the Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sunair Services Corp)

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