Common use of Authorization and Enforceability Clause in Contracts

Authorization and Enforceability. The execution, delivery and performance by Buyer of this Agreement (and all documents required to be executed and delivered by Buyer at Closing), and the consummation of the transactions contemplated hereby (and thereby), have been duly authorized by all necessary action on behalf of Buyer. This Agreement constitutes (and, at Closing, such documents shall constitute) Buyer’s legal, valid and binding obligation, enforceable against Buyer in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 12 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Authorization and Enforceability. The execution, delivery and performance by Buyer Seller of this Agreement (and all documents required to be executed and delivered by Buyer Seller at Closing), and the consummation of the transactions contemplated hereby (and thereby), have been duly and validly authorized by all necessary action on behalf the part of BuyerSeller. This Agreement constitutes (and, at Closing, such documents shall constitute) BuyerSeller’s legal, valid and binding obligation, enforceable against Buyer Seller in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and similar other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 7 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

Authorization and Enforceability. The execution, delivery and performance by Buyer Grantee of this Agreement (and all documents required to be executed and delivered by Buyer Grantee at Closing), and the consummation of the transactions contemplated hereby (and thereby), have been duly authorized by all necessary action on behalf of BuyerGrantee. This Agreement constitutes (and, at Closing, such documents shall constitute) BuyerGrantee’s legal, valid and binding obligation, enforceable against Buyer Grantee in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 4 contracts

Samples: Contribution Agreement, Contribution Agreement (New Source Energy Partners L.P.), Contribution Agreement (New Source Energy Partners L.P.)

Authorization and Enforceability. The execution, delivery and performance by Buyer each Seller of this Agreement (and all documents required to be executed and delivered by Buyer such Seller at Closing), and the consummation of the transactions contemplated hereby (and thereby), have been duly and validly authorized by all necessary action on behalf the part of Buyersuch Seller. This Agreement constitutes (and, at Closing, such documents shall constitute) Buyereach Seller’s legal, valid and binding obligation, enforceable against Buyer such Seller in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and similar other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (QR Energy, LP)

Authorization and Enforceability. The execution, delivery and performance by Buyer and the Partnership of this Agreement (and all documents Buyer or the Partnership hereby is required to be executed execute and delivered by Buyer at Closingdeliver), and the consummation of the transactions contemplated hereby (and thereby), have been duly authorized by all necessary action on behalf of BuyerBuyer and the Partnership. This Agreement constitutes (and, at Closing, and such documents shall constitute) BuyerBuyer and the Partnership’s legal, valid and binding obligation, enforceable against Buyer and the Partnership in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and similar laws Laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Sanchez Production Partners LP), Purchase and Sale Agreement (Sanchez Energy Corp)

Authorization and Enforceability. The execution, delivery and performance by Buyer Seller of this Agreement (and all documents Seller hereby is required to be executed execute and delivered by Buyer at Closingdeliver), and the consummation of the transactions contemplated hereby (and thereby), have been duly and validly authorized by all necessary action on behalf the part of BuyerSeller. This Agreement constitutes (and, at Closing, and such documents shall constitute) BuyerSeller’s legal, valid and binding obligation, enforceable against Buyer Seller in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and similar laws other Laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Sanchez Production Partners LP), Purchase and Sale Agreement (Sanchez Energy Corp)

Authorization and Enforceability. The execution, delivery and performance by Buyer of this Agreement (and all documents required to be executed and delivered by Buyer Xxxxx at Closing), and the consummation of the transactions contemplated hereby (and thereby), have been duly authorized by all necessary action on behalf of Buyer. This Agreement constitutes (and, at Closing, such documents shall constitute) Buyer’s legal, valid and binding obligation, enforceable against Buyer in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

Authorization and Enforceability. The execution, delivery and performance by Buyer Purchaser of this Agreement (and all documents required to be executed and delivered by Buyer Purchaser at Closing), and the consummation of the transactions contemplated hereby (and thereby), have been duly authorized by all necessary action on behalf of BuyerPurchaser. This Agreement constitutes (and, at Closing, such documents shall constitute) BuyerPurchaser’s legal, valid and binding obligation, enforceable against Buyer Purchaser in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (QR Energy, LP)

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Authorization and Enforceability. The execution, delivery and performance by Buyer of this Agreement (and all documents required to be executed and delivered by Buyer at Closing), and the consummation of the transactions contemplated hereby (and thereby), have been duly and validly authorized by all necessary action on behalf of Buyer. This Agreement constitutes (and, at Closing, such documents shall constitute) Buyer’s legal, valid and binding obligation, enforceable against Buyer in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (New Source Energy Partners L.P.)

Authorization and Enforceability. The execution, delivery and performance by Buyer of this Agreement (and all documents required to be executed and delivered by Buyer at Closing), and the consummation of the transactions contemplated hereby (and thereby), at Closing will have been duly authorized by all necessary action on behalf of Buyer. This Agreement constitutes (and, at Closing, such documents shall constitute) Buyer’s legal, valid and binding obligation, enforceable against Buyer in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Goodrich Petroleum Corp)

Authorization and Enforceability. The execution, delivery and performance by Buyer Xxxxxxxxx of this Agreement (and all documents required to be executed and delivered by Buyer Purchaser at Closing), and the consummation of the transactions contemplated hereby (and thereby), have been duly authorized by all necessary action on behalf of BuyerPurchaser. This Agreement constitutes (and, at Closing, such documents shall constitute) BuyerPurchaser’s legal, valid and binding obligation, enforceable against Buyer Purchaser in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Authorization and Enforceability. The execution, delivery and performance by Buyer Xxxxx of this Agreement (and all documents required to be executed and delivered by Buyer Xxxxx at Closing), and the consummation of the transactions contemplated hereby (and thereby), have been duly authorized by all necessary action on behalf of BuyerXxxxx. This Agreement constitutes (and, at Closing, such documents shall constitute) Buyer’s legal, valid and binding obligation, enforceable against Buyer in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Authorization and Enforceability. The execution, delivery and performance by Buyer and the Partnership of this Agreement (and all documents required to be executed and delivered by Buyer at Closing), and the consummation of the transactions contemplated hereby (and thereby), have been duly authorized by all necessary action on behalf of BuyerBuyer and the Partnership. This Agreement constitutes (and, at Closing, such documents shall constitute) BuyerBuyer and the Partnership’s legal, valid and binding obligation, enforceable against Buyer and the Partnership in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and similar laws Laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Sanchez Energy Corp)

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