Common use of Authority of Seller Clause in Contracts

Authority of Seller. Seller has full power and authority to execute, deliver and perform under this Agreement and such execution, delivery and performance have been specifically authorized by all requisite organizational action of Seller. Upon execution, this Agreement will be valid and binding upon Seller, and enforceable against Seller in accordance with its terms.

Appears in 1 contract

Samples: Contract for Sale and Purchase of Real Property

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Authority of Seller. (a) Seller has full right, authority and power and authority to execute, deliver and perform under enter into this Agreement and such each agreement, document and instrument to be executed and delivered by Seller pursuant to this Agreement and to carry out the transactions contemplated hereby. The execution, delivery and performance by Seller of this Agreement and each such other agreement, documents and instrument have been specifically duly authorized by all requisite organizational necessary action of Seller. Upon execution, this Agreement will be valid Seller and binding upon Seller, and enforceable against no other action on the part of Seller is required in accordance with its termsconnection therewith.

Appears in 1 contract

Samples: Asset Purchase Agreement (Unique Casual Restaurants Inc)

Authority of Seller. The Seller has full all requisite power and ------------------- authority to executeown and hold the Acquired Assets, to execute and deliver and perform under this Agreement and such execution, delivery and performance have been specifically authorized by to carry out all requisite organizational action actions required of Seller. Upon execution, it pursuant to the terms of this Agreement will be valid and binding upon Seller, and enforceable against Seller in accordance with its termsAgreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Converse Inc)

Authority of Seller. Each Seller has full the requisite power and authority to execute, deliver deliver, and perform under this Agreement. This Agreement has been duly executed and such executiondelivered by each Seller and is the legal, delivery and performance have been specifically authorized by all requisite organizational action of Seller. Upon executionvalid, this Agreement will be valid and binding upon Seller, and obligation of each Seller enforceable against Seller in accordance with its terms.

Appears in 1 contract

Samples: Stock Repurchase Agreement (White River Capital Inc)

Authority of Seller. Seller has full all necessary corporate power and authority to make, execute, deliver and perform under consummate this Agreement, and has taken all necessary actions required to be taken to authorize Seller to execute and deliver this Agreement and such executionto perform its obligations, delivery undertakings and performance have agreements to be observed and performed hereunder. This Agreement has been specifically authorized duly executed and delivered by all requisite organizational action of Seller. Upon execution, this Agreement will be Seller and is valid and binding upon agreement of Seller, and enforceable against Seller in accordance with its terms.

Appears in 1 contract

Samples: Barterone Membership Interest Sale Agreement (Worldwide Web Networx Corp)

Authority of Seller. (a) Seller has full power and authority to execute, deliver and perform under its obligations this Agreement and such Agreement. The execution, delivery and performance have been specifically authorized by all requisite organizational action of Seller. Upon execution, this Agreement will be by Seller has been duly authorized and approved by and does not require any further authorization or consent. This Agreement has been duly authorized, executed and delivered by Seller and is the legal, valid and binding upon Seller, and obligation of Seller enforceable against Seller in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (MBC Funding Ii Corp.)

Authority of Seller. The Seller has full right, power and authority to execute, deliver and perform under this Agreement and such execution, delivery and performance have been specifically authorized by all requisite organizational action of Seller. Upon execution, this that the Agreement will be constitutes the valid and binding upon Seller, and obligation of the Seller enforceable against the Seller in accordance with its terms.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Authority of Seller. The Seller has full the requisite power and authority to execute, deliver and perform under this Agreement. This Agreement has been duly executed and such executiondelivered by Seller and is the legal, delivery and performance have been specifically authorized by all requisite organizational action of Seller. Upon execution, this Agreement will be valid and binding upon Seller, and obligation of the Seller enforceable against Seller in accordance with its terms.

Appears in 1 contract

Samples: Stock Repurchase Agreement (Glen Burnie Bancorp)

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Authority of Seller. The Seller has full the requisite power and authority to execute, deliver deliver, and perform under this Agreement. This Agreement has been duly executed and such executiondelivered by the Seller and is the legal, delivery and performance have been specifically authorized by all requisite organizational action of Seller. Upon executionvalid, this Agreement will be valid and binding upon Seller, and obligation of the Seller enforceable against Seller in accordance with its terms.

Appears in 1 contract

Samples: Stock Repurchase Agreement (Horizon Bancorp Inc /In/)

Authority of Seller. Each Seller has full power and authority to execute, deliver and perform under enter into this Agreement and the other Transaction Documents to which such executionSeller is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. This Agreement has been duly executed and delivered by each Seller, and (assuming due authorization, execution and delivery and performance have been specifically authorized by all requisite organizational action of Seller. Upon execution, Buyer) this Agreement will be constitutes a legal, valid and binding upon Seller, and obligation of each Seller enforceable against each Seller in accordance with its terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Addvantage Technologies Group Inc)

Authority of Seller. Each Seller is an individual. This Agreement has full power been duly executed and authority to executedelivered by each Seller, deliver and perform under (assuming due authorization, execution, and delivery by Buyer) this Agreement and such executionconstitutes a legal, delivery and performance have been specifically authorized by all requisite organizational action of Seller. Upon execution, this Agreement will be valid and binding upon Seller, and obligation of each Seller enforceable against each Seller in accordance with its terms. When each Ancillary Document to which each Seller is a party has been duly executed and delivered by such Seller, such Ancillary Document will constitute a legal and binding obligation of such Seller enforceable against him in accordance with its terms.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Us Energy Corp)

Authority of Seller. (a) Seller has full power and authority to execute, deliver and perform under its obligations this Agreement and such Agreement. The execution, delivery and performance have been specifically authorized by all requisite organizational action of Seller. Upon execution, this Agreement will be by Seller has been duly authorized and approved by and does not require any further authorization or consent. This Agreement has been duly executed and delivered by Seller and is the legal, valid and binding upon Seller, and obligation of Seller enforceable against Seller in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (MBC Funding Ii Corp.)

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