Common use of Authorized and Effective Agreement Clause in Contracts

Authorized and Effective Agreement. (a) Buyer has all requisite power and authority to enter into this Agreement and (subject to receipt of all necessary governmental approvals) to perform all of its respective obligations hereunder. The execution and delivery of this Agreement and the completion of the transactions contemplated hereby have been deemed advisable by the Boards of Directors of Buyer and Buyer Bank and duly authorized and approved by all necessary corporate action in respect thereof on the part of Buyer and Buyer Bank. This Agreement has been duly and validly executed and delivered by Buyer and, assuming due authorization, execution and delivery by Seller, constitutes a legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency and other laws of general applicability relating to or affecting creditors' rights and to general equity principles.

Authorized and Effective Agreement. (a) Buyer has all requisite corporate power and authority to enter into execute and deliver this Agreement and (subject to receipt of all necessary governmental approvals) to perform all of its respective obligations hereunder. The execution and delivery of this Agreement and the completion of the transactions contemplated hereby have been deemed advisable duly and validly approved by the Boards Board of Directors of Buyer and Buyer Bank and duly authorized and approved by all necessary no other corporate action in respect thereof proceedings on the part of Buyer and Buyer Bankare necessary to complete the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Buyer and, assuming due authorization, execution and delivery by SellerSeller and Seller Bank, constitutes a legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency and other laws of general applicability relating to or affecting creditors' rights and to general equity principles.

Authorized and Effective Agreement. (a) Buyer has all requisite power and authority to enter into this Agreement and (subject to receipt of all necessary governmental approvals) to perform all of its respective obligations hereunder. The execution and delivery of this Agreement and the completion of the transactions contemplated hereby have been deemed advisable by the Boards Board of Directors of Buyer and Buyer Bank and duly authorized and approved by all necessary corporate action in respect thereof on the part of Buyer and Buyer BankBuyer. This Agreement has been duly and validly executed and delivered by Buyer and, assuming due authorization, execution and delivery by SellerSeller and Seller Bank, constitutes a legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency and other laws of general applicability relating to or affecting creditors' ’ rights and to general equity principles.

Authorized and Effective Agreement. (a) Buyer has all requisite corporate power and authority to enter into this Agreement and (subject to receipt of all necessary governmental approvals) to perform all of its respective obligations hereunderunder this Agreement. The execution and delivery of this Agreement and the completion consummation of the transactions contemplated hereby have been deemed advisable by the Boards of Directors of Buyer duly and Buyer Bank and duly validly authorized and approved by all necessary corporate action in respect thereof on the part of Buyer and Buyer BankBuyer. This Agreement has been duly and validly executed and delivered by Buyer and, assuming approval of this Agreement by governmental and regulatory agencies, and due authorization, execution and delivery by Seller, Seller constitutes a legal, valid and binding obligation of Buyer, which is enforceable against Buyer in accordance with its terms, subject, as subject to enforceability, to the effect of bankruptcy, insolvency insolvency, reorganization, moratorium and other laws of general applicability relating to or affecting creditors' rights and to general equity principles.

Authorized and Effective Agreement. (a) Buyer has all requisite power and authority to enter into this Agreement and (subject to receipt of all necessary governmental approvalsRequisite Regulatory Approvals) to perform all of its respective obligations hereunder. The execution and delivery of this Agreement and the completion of the transactions contemplated hereby have been deemed advisable by the Boards Board of Directors of Buyer and Buyer Bank and duly authorized and approved by all necessary corporate action in respect thereof on the part of Buyer and Buyer BankBuyer. This Agreement has been duly and validly executed and delivered by Buyer and, assuming due authorization, execution execution, and delivery by Seller, constitutes a legal, valid valid, and binding obligation of Buyer, enforceable against Buyer it in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency insolvency, and other laws of general applicability relating to or affecting creditors' ’ rights and to general equity principles.

Authorized and Effective Agreement. (a) Buyer has all requisite power and authority to enter into this Agreement and (subject to receipt of all necessary governmental approvalsRequisite Regulatory Approvals) to perform all of its respective obligations hereunder. The execution and delivery of this Agreement and the completion of the transactions contemplated hereby have been deemed advisable by the Boards Board of Directors of Buyer and Buyer Bank and duly authorized and approved by all necessary corporate action in respect thereof on the part of Buyer and Buyer BankBuyer. This Agreement has been duly and validly executed and delivered by Buyer and, assuming due authorization, execution execution, and delivery by SellerSeller and Seller Bank, constitutes a legal, valid valid, and binding obligation of Buyer, enforceable against Buyer it in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency insolvency, and other laws of general applicability relating to or affecting creditors' rights and to general equity principles.