Sufficient Powers Sample Clauses

Sufficient Powers. (1) The Buyer and its representatives, with respect to their actions in the name of and on behalf of the Buyer, shall have at the Closing Date full authority and powers necessary to accept, agree and enter into this Agreement and all other agreements and documents relating thereto, to bind compliance with and subject to the Authorization, to perform the obligations undertaken by the Buyer under this Agreement, and under all other agreements and documents relating thereto, and to perform the transactions under this Agreement, and under all other agreements and documents relating thereto, which have been duly authorized. (2) This Agreement, and any other agreement or document related to this Agreement, is or has been duly signed, granted and entered into by the Buyer and/or its agents, and constitutes or shall constitute, as the case may be, a valid, legally binding and enforceable obligation of the Buyer, enforceable by law in accordance with all the terms thereto. (3) Except as otherwise provided in this Agreement, entering into, granting, performing and executing this Agreement, and any other agreement or document hereunder, does not and shall not require the Buyer to obtain any other consent, waiver, authorization or approval from any person, entity or governmental authority, except as provided herein. (4) Entering into, granting and perfing this Contract, and any other contract or document hereunder, by the Buyer: (i) does not violate any provision of any applicable law or regulation to which the Buyer may be subject; (ii) does not violate or result in a violation or breach of, or constitutes cause for termination, modification or expiration, in whole or in part of, of any term or condition of any contract, agreement or covenant under which the Buyer and/or any of its property is bound; and (iii) does not violate any resolution, decision or ruling of any governmental or judicial authority applicable to the Buyer. (5) The Buyer is not in a state of cessation of payments, has not requested the formation of its reorganization proceeding or its own bankruptcy, and does not have bankruptcy applications in process.
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Sufficient Powers. Purchasers and their attorneys–in-fact, regarding their acts in the name and on behalf of Purchasers, as of the Closing Date, have full powers and authority as may be necessary to accept, agree on this Offer and execute it and the remaining offers and documents related hereto, to cause fulfilment of the obligations undertaken by Purchasers hereunder and under the remaining offers and documents related hereto, to consummate the transactions contemplated in this Offer and/or the remaining offers and documents related hereto, which have been duly authorized.
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Sufficient Powers. (1) The Purchasers and its agents, regarding its actions in its name and behalf of the Purchasers, have at the Closing Date, the power and authority required to formulate, agree and subscribe this Offer and the remaining offers and documents related with herein, to obligate themselves the compliance, comply with the obligations assumed by the Purchasers under this Offer, and under the remaining offers and documents related herein, and to carry out the transactions contemplated in this Offer and/or in the remaining offers and documents related to herein, which have been duly authorized. (2) This Offer, as well as any other Offer or documented related to herein, is or has been duly subscribed, granted, held by the Purchasers and/or its agents, and constitute or will constitute, as the case may be, a legal, valid and binding obligations for the Purchasers, legally enforceable pursuant all its respective terms. (3) The granting, acceptance, compliance and execution of this Offer and of any other offer or document related to herein, does not require nor shall require that Purchasers obtain any other consent, waiver, authorization or approval of any person, entity or authority or Governmental or judicial Authority applicable to the Purchasers. (4) The granting, acceptance and compliance of this Offer, and of any other offer or document related to herein, by the Purchasers: (i) does not violate any disposition of any regulation or law that the Purchasers may be subject to; (ii) does not violate or result in violation or unfulfillment or constitute grounds for termination, modification or total or partial expiration of any term or condition of any contract, agreement or settlement under which the Purchasers and any of its assets, would be obliged or reached; and (iii)does not violate any resolution, decision or judgment form any Governmental or judicial Authority applicable to the Purchasers. (5) The Purchasers are not in default of payments, nor have requested for its reorganization proceeding neither its bankruptcy nor they have requests for bankruptcy. (6) It does not result in the creation or imposition of Encumbrances on the Company and/or any of the Company’s assets and/or respective Shares, except for the Pledge.
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Related to Sufficient Powers

  • INVESTMENT POWERS Pursuant to Section 10.03[F] of the Plan, the aggregate investments in qualifying Employer securities and in qualifying Employer real property: (Choose (a) or (b)) [ ] (a) May not exceed 10% of Plan assets. [X] (b) May not exceed 100% of Plan assets. [Note: The percentage may not exceed 100%.]

  • Appointment; Powers Each of the Lenders and the Issuing Bank hereby irrevocably appoints the Administrative Agent as its agent and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof and the other Loan Documents, together with such actions and powers as are reasonably incidental thereto.

  • Other Powers A Receiver may: (a) do all other acts and things which he may consider desirable or necessary for realising any Security Asset or incidental or conducive to any of the rights, powers or discretions conferred on a Receiver under or by virtue of this Deed or law; (b) exercise in relation to any Security Asset all the powers, authorities and things which he would be capable of exercising if he were the absolute beneficial owner of that Security Asset; and (c) use the name of the Chargor for any of the above purposes.

  • Police Powers The Grantee agrees to comply with the terms of any lawfully adopted generally applicable local ordinance necessary to the safety, health, and welfare of the public, to the extent that the provisions of the ordinance do not have the effect of limiting the benefits or expanding the obligations of the Grantee that are granted by this Franchise. This Franchise is a contract and except as to those changes which are the result of the Grantor’s lawful exercise of its general police power, the Grantor may not take any unilateral action which materially changes the mutual promises in this contract.

  • Corporate Power; Authorization Each of the Credit Parties has the corporate power and authority to make, deliver and perform the Credit Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance of such Credit Documents. No consent or authorization of, or filing with, any Person (including, without limitation, any governmental authority), is required in connection with the execution, delivery or performance by any Credit Party, or the validity or enforceability against any Credit Party, of the Credit Documents, other than such consents, authorizations or filings which have been made or obtained.