Common use of Valid Authority Clause in Contracts

Valid Authority. All persons executing this Agreement, or any related settlement documents, represent and warrant that they have the full authority to do so and that they have the authority to take appropriate action required or permitted to be taken pursuant to the Agreement to effectuate its terms. Without limiting the generality of the foregoing, Homestore represents and warrants that this Agreement and the promises and actions set forth herein have been approved by its Board of Directors at a meeting duly and properly called, and that Homestore's officers and agents have been duly authorized by the Board of Directors to take all appropriate actions to effectuate the terms of this Agreement.

Valid Authority. All persons executing this Agreement, or any related settlement documents, represent and warrant that they have the full authority to do so and that they have the authority to take appropriate action required or permitted to be taken pursuant to the Agreement to effectuate its terms. Without limiting the generality of the foregoing, Homestore represents and warrants that this Agreement and the promises and actions set forth herein have been approved by its Board of Directors at a meeting duly and properly called, and that Homestore's ’s officers and agents have been duly authorized by the Board of Directors to take all appropriate actions to effectuate the terms of this Agreement.