Common use of Status and Authorization Clause in Contracts

Status and Authorization. Each Stockholder has had at all times the power and authority to own the Company Shares. The Stockholders have all requisite power, authority, and capacity to execute and deliver this Agreement and all other agreements, documents, and instruments contemplated hereby and to carry out all actions required of it pursuant to the terms of this Agreement. This Agreement has been duly executed and delivered by the Stockholders and constitutes the legal, valid, and binding obligation of each Stockholder, enforceable against each Stockholder in accordance with its terms.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Bridgetech Holdings International Inc), Stock Purchase Agreement (Bridgetech Holdings International Inc), Stock Purchase Agreement (Bridgetech Holdings International Inc)

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