Common use of Validity of Obligations Clause in Contracts

Validity of Obligations. The execution and delivery of this Agreement by Buyer and the performance by Buyer of the transactions contemplated therein have been duly and validly authorized by the Board of Directors of Buyer, and this Agreement has been duly and validly authorized by all necessary corporate action, duly executed and delivered at or prior to the Closing and shall be the legal, valid and binding obligations of Buyer, enforceable against it in accordance with its’ terms.

Appears in 7 contracts

Samples: Stock Purchase Agreement (White Gehrig H), Stock Purchase Agreement (Aristocrat International Pty LTD), Stock Purchase Agreement (Pokertek Inc)

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Validity of Obligations. The execution and delivery of this Agreement the Transaction Documents by Buyer and the performance by Buyer of the transactions contemplated therein have been duly and validly authorized by the Board of Directors of Buyer, and this Agreement has the Transaction Documents shall have each been duly and validly authorized by all necessary corporate action, duly executed and delivered at or prior to the Closing and shall be the legal, valid and binding obligations of Buyer, enforceable against it in accordance with its’ their respective terms, subject to the Equitable Exceptions.

Appears in 2 contracts

Samples: Acquisition Agreement (U.S. Auto Parts Network, Inc.), Stock Purchase Agreement (Spark Networks PLC)

Validity of Obligations. The execution and delivery of this Agreement by Buyer and the performance by Buyer of the transactions contemplated therein have been duly and validly authorized by the Board of Directors of Buyer, and this Agreement has been duly and validly authorized by all necessary corporate action, duly executed and delivered at or prior to the Closing and shall be the legal, valid and binding obligations of Buyer, enforceable against it in accordance with its' terms.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Aristocrat International Pty LTD), Stock Purchase Agreement (Aristocrat International Pty LTD)

Validity of Obligations. The execution and delivery of this Agreement by Buyer and the performance by Buyer of the transactions contemplated therein have been duly and validly authorized by the Buyer's Board of Directors of BuyerDirectors, and this the Agreement has shall have been duly and validly authorized by all necessary corporate action, duly executed and delivered at or prior to the Closing and shall be the legal, valid and binding obligations obligation of Buyer, enforceable against it in accordance with its’ its terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Aristocrat International Pty LTD)

Validity of Obligations. The execution and delivery of this Agreement by Buyer Purchaser and the performance by Buyer of the transactions contemplated therein hereby have been duly and validly authorized by the Board of Directors of Buyer, Purchaser and this Agreement has been duly and validly authorized by all necessary corporate action, duly executed action and delivered at or prior to the Closing and shall be the is a legal, valid and binding obligations obligation of Buyer, enforceable against it in accordance with its’ termsPurchaser.

Appears in 1 contract

Samples: Stock Purchase Agreement (Metals Usa Inc)

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Validity of Obligations. The execution and delivery of this Agreement by Buyer Purchaser, the execution of the other agreements and documents required to be executed by Purchaser, and the performance by Buyer of the transactions contemplated therein herein have been duly and validly authorized by the Board of Directors of Buyer, Purchaser and this Agreement has been duly and validly authorized by all necessary corporate actionaction and is, duly or when so executed and delivered at or prior to the Closing and shall be will be, the legal, valid and binding obligations obligation of Buyer, enforceable against it in accordance with its’ termsPurchaser.

Appears in 1 contract

Samples: Asset Purchase Agreement (Huntco Inc)

Validity of Obligations. The execution and delivery of this Agreement by Buyer and the performance by Buyer of the transactions contemplated therein have been duly and validly authorized by the Buyer’s Board of Directors of BuyerDirectors, and this the Agreement has shall have been duly and validly authorized by all necessary corporate action, duly executed and delivered at or prior to the Closing and shall be the legal, valid and binding obligations obligation of Buyer, enforceable against it in accordance with its’ its terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Pokertek Inc)

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