Common use of Authority of Buyer Clause in Contracts

Authority of Buyer. This Agreement and the Stockholders' Agreement when executed and delivered by the Buyer will constitute the legal, valid and binding obligations of Buyer, enforceable against Buyer in accordance with their terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting enforcement of creditors' rights generally and except as enforcement is subject to general principles of equity regardless of whether enforcement is considered in a proceeding at law or in equity.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Regent Communications Inc), Stock Purchase Agreement (Regent Communications Inc)

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Authority of Buyer. This Buyer has the corporate power and authority to enter into this Agreement and the Stockholders' transactions contemplated hereby and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement when and the transactions contemplated hereby have been duly authorized and this Agreement has been duly executed and delivered by the Buyer will constitute the legal, and constitutes a valid and binding obligations agreement of Buyer, Buyer enforceable against Buyer in accordance with their its terms, except as enforcement may be such enforceability is limited by general principles of equity and applicable provisions of bankruptcy, insolvency, reorganizationmoratorium, moratorium reorganization or similar laws affecting enforcement of creditors' rights generally and except as enforcement is subject to general principles of equity regardless of whether enforcement is considered in a proceeding at law or in equitylaws.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Tesoro Petroleum Corp /New/), Asset Purchase Agreement (Tesoro Petroleum Corp /New/)

Authority of Buyer. This The execution, delivery and performance of this Agreement and all the Stockholders' agreements and instruments of Buyer relating hereto and the consummation of the transactions contemplated hereby shall have been duly authorized by all necessary corporate action on the part of Buyer at or prior to the Closing; this Agreement when has been duly executed by a duly authorized officer of Buyer; and delivered by the Buyer will this Agreement and such agreements and instruments constitute the legal, valid and binding obligations of Buyer, enforceable against Buyer in accordance with their terms, except as enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting enforcement of creditors' rights generally and except as enforcement is subject to general principles of equity regardless of whether enforcement is considered in a proceeding at law or in equity.

Appears in 2 contracts

Samples: License Agreement (New Paradigm Software Corp), Agreement (New Paradigm Software Corp)

Authority of Buyer. The execution, delivery and performance of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of Buyer. This Agreement and the Stockholders' Agreement when has been duly executed and delivered by the Buyer will constitute the legal, and is a valid and binding obligations agreement of Buyer, enforceable against Buyer it in accordance with their its terms, except as enforcement may be limited by or subject to any bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and except as enforcement is subject to general principles of equity regardless of whether enforcement is considered in a proceeding at law or in equityrights.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Homelife Inc), Stock Purchase Agreement (Homelife Inc)

Authority of Buyer. The execution, delivery and performance of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of Buyer. This Agreement and the Stockholders' Agreement when has been duly executed and delivered by the Buyer will constitute the legal, and is a valid and binding obligations Agreement of Buyer, enforceable against Buyer it in accordance with their its terms, except as enforcement may be limited by or subject to any bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights generally and except as enforcement is subject to general principles of equity regardless of whether enforcement is considered in a proceeding at law or in equitycreditor's rights.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Homelife Inc), Stock Purchase Agreement (Homelife Inc)

Authority of Buyer. Buyer has full corporate power and authority to execute, deliver and perform this Agreement. This Agreement and the Stockholders' Agreement when has been duly executed and delivered by the Buyer will constitute and is the legal, valid and binding obligations agreement of Buyer, Buyer enforceable against Buyer in accordance with their its terms, except as enforcement the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium reorganization or similar laws now or hereafter in effect relating to or affecting enforcement of creditors' ’ rights generally and except as enforcement is subject to general principles of equity regardless of (whether enforcement is considered applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Stock Purchase Agreement (Penn Treaty American Corp)

Authority of Buyer. This It has the power and authority to enter into this Agreement and the Stockholders' transactions contemplated hereby and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement when and the transactions contemplated hereby have been duly authorized, and this Agreement has been duly executed and delivered delivered, by the Buyer will constitute the legal, it and constitutes its valid and binding obligations of Buyeragreement, enforceable against Buyer it in accordance with their its terms, except as enforcement may be such enforceability is limited by general principles of equity and applicable provisions of bankruptcy, insolvency, reorganizationmoratorium, moratorium reorganization or similar laws affecting enforcement of creditors' rights generally and except as enforcement is subject to general principles of equity regardless of whether enforcement is considered in a proceeding at law or in equitylaws.

Appears in 1 contract

Samples: Share Purchase and Sale Agreement (Pacific Energy Partners Lp)

Authority of Buyer. This Buyer has full corporate power to enter into this Agreement and the Stockholders' transactions contemplated hereby and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement when and the transactions contemplated hereby have been duly authorized and executed by Buyer and delivered by the Buyer will this Agreement constitute the legal, valid and binding obligations agreements of Buyer, Buyer enforceable against Buyer in accordance with their terms, terms except as enforcement may be such enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting enforcement of creditors' rights generally and except as enforcement is subject to general principles of equity regardless and applicable provisions of whether enforcement is considered in a proceeding at law or in equitybankruptcy law.

Appears in 1 contract

Samples: Clark Usa Inc /De/

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Authority of Buyer. This Buyer has the power and authority to enter into this Agreement and the Stockholders' transactions contemplated hereby and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement when and the transactions contemplated hereby have been duly authorized and executed by Buyer and delivered by the Buyer will constitute the legal, this Agreement constitutes a valid and binding obligations agreement of Buyer, Buyer enforceable against Buyer in accordance with their its terms, except as enforcement may be such enforceability is limited by general principles of equity and applicable provisions of bankruptcy, insolvency, reorganizationmoratorium, moratorium reorganization or similar laws affecting enforcement of creditors' rights generally and except as enforcement is subject to general principles of equity regardless of whether enforcement is considered in a proceeding at law or in equitylaws.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Five Star Quality Care Inc)

Authority of Buyer. This Buyer has the corporate power and authority to enter into this Agreement and the Stockholders' transactions contemplated hereby and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement when and the transactions contemplated hereby have been duly authorized and this Agreement has been duly executed and delivered by the Buyer will constitute the legal, and this Agreement constitutes a valid and binding obligations agreement of Buyer, Buyer enforceable against Buyer in accordance with their its terms, except as enforcement may be such enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting enforcement of creditors' rights generally and except as enforcement is subject to general principles of equity regardless and applicable provisions of whether enforcement is considered in a proceeding at law bankruptcy insolvency, moratorium, reorganization or in equitysimilar laws.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tesoro Petroleum Corp /New/)

Authority of Buyer. This Buyer has the power and authority to enter into this Agreement and the Stockholders' transactions contemplated hereby and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement when and the transactions contemplated hereby have been duly authorized and this Agreement has been duly executed and delivered by the Buyer will constitute the legal, and this Agreement constitutes a valid and binding obligations agreement of Buyer, Buyer enforceable against Buyer in accordance with their its terms, except as enforcement may be such enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting enforcement of creditors' rights generally and except as enforcement is subject to general principles of equity regardless and applicable provisions of whether enforcement is considered in a proceeding at law bankruptcy insolvency, moratorium, reorganization or in equitysimilar laws.

Appears in 1 contract

Samples: Asset Purchase Agreement (Kaneb Pipe Line Operating Partnership Lp)

Authority of Buyer. This Agreement and the Stockholders' Agreement when has been duly executed and delivered by the Buyer will constitute the Buyer, and (assuming due authorization, execution and delivery by Seller) this Agreement constitutes a legal, valid and binding obligations obligation of Buyer, enforceable against Buyer in accordance with their its terms, except as enforcement such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws Laws affecting enforcement of creditors' ’ rights generally and except as enforcement is subject to by general principles of equity (regardless of whether enforcement is considered sought in a proceeding at law or in equity).

Appears in 1 contract

Samples: Stock Purchase Agreement (EMRISE Corp)

Authority of Buyer. This Buyer has the corporate power and authority to enter into this Agreement and the Stockholders' transactions contemplated hereby and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement when and the transactions contemplated hereby have been duly authorized and executed by Buyer and delivered by the Buyer will constitute the legal, this Agreement constitutes a valid and binding obligations agreement of Buyer, Buyer enforceable against Buyer in accordance with their its terms, except as enforcement may be such enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting enforcement of creditors' rights generally and except as enforcement is subject to general principles of equity regardless and applicable provisions of whether enforcement is considered in a proceeding at law or in equitybankruptcy law.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tosco Corp)

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