Common use of Power to Execute Clause in Contracts

Power to Execute. Both parties warrant they have the power and authorization to execute this Agreement and any other documents executed pursuant to this Agreement. This contract will go into effect and shall be fully enforceable when signed by authorized representatives of all parties involved. This contract may be subject to ratification after it becomes effective. If this contract is submitted for ratification at the next scheduled meeting of the North Sound BH-ASO Board of Directors (“the Board”) and is not ratified by the Board, North Sound BH-ASO will terminate the contract either immediately or within a reasonable amount of time at North Sound BH-ASO’s discretion.