Common use of Power and Authority; Execution and Delivery Clause in Contracts

Power and Authority; Execution and Delivery. Such Stockholder has all requisite legal capacity, power, and authority to enter into this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement by such Stockholder and the consummation by such Stockholder of the transactions contemplated hereby have been duly authorized by all necessary action on the part of such Stockholder. This Agreement has been duly executed and delivered by such Stockholder and, assuming that this Agreement constitutes the valid and binding obligation of the other parties hereto, constitutes a valid and binding obligation of such Stockholder, enforceable against such Stockholder in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium, and similar laws affecting creditors’ rights and remedies generally and to general principles of equity.

Appears in 2 contracts

Samples: Stockholder and Voting Agreement (Biosphere Medical Inc), Stockholder and Voting Agreement (Merit Medical Systems Inc)

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Power and Authority; Execution and Delivery. Such Stockholder Each Stock- holder has all requisite legal capacity, power, power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement by such Stockholder Stockholders and the consummation consumma- tion by such Stockholder Stockholders of the transactions contemplated hereby have been duly authorized by all necessary action on the part of such StockholderStockholders. This Agreement has been duly executed and delivered by such Stockholder Stockholders and, assuming assum- ing that this Agreement constitutes the valid and binding obligation of the other parties hereto, constitutes a valid and binding obligation of such StockholderStockholders, enforceable against such Stockholder Stockholders in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyanceconvey- ance, reorganization, moratorium, moratorium and similar laws affecting creditors' rights and remedies generally and to general principles of equity.

Appears in 2 contracts

Samples: Stockholders Agreement (Pittway Corp /De/), Stockholders Agreement (Harris Irving B/Harris Neison/Harris William W Trust/ Et Al)

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Power and Authority; Execution and Delivery. Such Each Stockholder has all requisite legal capacity, power, power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement by such Stockholder Stockholders and the consummation by such Stockholder Stockholders of the transactions contemplated hereby have been duly authorized by all necessary action on the part of such StockholderStockholders. This Agreement has been duly executed and delivered by such Stockholder Stockholders and, assuming that this Agreement constitutes the valid and binding obligation of the other parties hereto, constitutes a valid and binding obligation of such StockholderStockholders, enforceable against such Stockholder Stockholders in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium, moratorium and similar laws affecting creditors' rights and remedies generally and to general principles of equity.

Appears in 1 contract

Samples: Stockholders Agreement (Honeywell International Inc)

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