Common use of Authority; Execution and Delivery Clause in Contracts

Authority; Execution and Delivery. Buyer has the corporate power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement by Buyer and the consummation of the transactions contemplated hereby have been authorized. This Agreement has been executed and delivered by Buyer and, assuming the due authorization, execution and delivery of this Agreement by Seller, constitutes the legal and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and other similar laws affecting creditors’ rights generally from time to time in effect and to general principles of equity (including concepts of materiality, reasonableness, good faith and fair dealing regardless) of whether considered in a proceeding in equity or at law.

Appears in 6 contracts

Samples: Asset Purchase Agreement (Elite Pharmaceuticals Inc /Nv/), Asset Purchase Agreement (Elite Pharmaceuticals Inc /Nv/), Asset Purchase Agreement (Elite Pharmaceuticals Inc /Nv/)

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Authority; Execution and Delivery. Buyer Seller has the requisite corporate power and authority to enter into this Agreement and to consummate the transactions contemplated herebytransaction contemplated. The execution and delivery of this Agreement by Buyer Seller and the consummation of the transactions contemplated hereby have been validly authorized. This Agreement has been executed and delivered by Buyer Seller and, assuming the due authorization, execution and delivery of this Agreement by SellerBuyer, constitutes will constitute the legal and binding obligation of BuyerSeller, enforceable against Buyer it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and other similar laws affecting creditors’ rights generally from time to time in effect and to general principles of equity (including concepts of materiality, reasonableness, good faith and fair dealing regardlessdealing) regardless of whether considered in a proceeding in equity or at law.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Elite Pharmaceuticals Inc /De/), Asset Purchase Agreement (Elite Pharmaceuticals Inc /De/), Asset Purchase Agreement (Elite Pharmaceuticals Inc /De/)

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Authority; Execution and Delivery. Buyer Seller has the corporate requisite limited liability company power and authority to enter into this Agreement and to consummate the transactions contemplated herebytransaction contemplated. The execution and delivery of this Agreement by Buyer Seller and the consummation of the transactions contemplated hereby have been validly authorized. This Agreement has been executed and delivered by Buyer Seller and, assuming the due authorization, execution and delivery of this Agreement by SellerBuyer, constitutes will constitute the legal and binding obligation of BuyerSeller, enforceable against Buyer it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and other similar laws affecting creditors’ rights generally from time to time in effect and to general principles of equity (including concepts of materiality, reasonableness, good faith and fair dealing regardlessdealing) regardless of whether considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Elite Pharmaceuticals Inc /Nv/), Asset Purchase Agreement (Elite Pharmaceuticals Inc /Nv/)

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