Common use of Corporate Power and Authorization Clause in Contracts

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms except as the same may be limited by applicable bankruptcy, insolvency, reorganization, or other laws affecting the enforcement of creditors' rights generally and the application of general principles of equity.

Appears in 4 contracts

Samples: Purchase Agreement (Taylor Companies Inc), Asset Purchase Agreement (Mobley Environmental Services Inc), Purchase Agreement (Pride Petroleum Services Inc)

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Corporate Power and Authorization. The Purchaser has the corporate power, authority and legal right power to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by the Purchaser have has been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by the Purchaser and constitutes the legal, valid and binding obligation of Purchaser, the Purchaser enforceable against Purchaser it in accordance with its terms except as the same may be limited by applicable bankruptcy, insolvency, reorganization, or other laws affecting the enforcement of creditors' rights generally and the application of general principles of equityterms.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Remedent Usa Inc/Az), Asset Purchase Agreement (Remedent Usa Inc/Az), Asset Purchase Agreement (Network Holdings International Inc)

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser, Purchaser enforceable against Purchaser in accordance with its terms except as the same may be limited by applicable bankruptcy, insolvency, reorganization, or other laws affecting the enforcement of creditors' rights generally and the application of general principles of equityterms.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Acx Technologies Inc), Goodwill Purchase Agreement (HLM Design Inc), Asset Purchase Agreement (Towne Services Inc)

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement and all covenants and agreements referred to in this Agreement. The execution, delivery and performance of this Agreement and all agreements referred to herein by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered on behalf of Purchaser by duly authorized officers or agents of Purchaser and this Agreement constitutes the legal, valid and binding obligation of Purchaser, Purchaser enforceable against Purchaser in accordance with its terms except as the same may be limited by applicable bankruptcy, insolvency, reorganization, or other laws affecting the enforcement of creditors' rights generally and the application of general principles of equityterms.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Lmi Aerospace Inc)

Corporate Power and Authorization. Purchaser has the corporate power, authority authority, and legal right (including full corporate power and authority) to execute, execute and deliver this Agreement and the other Purchase Documents and to perform this Agreementits obligations hereunder and thereunder. The execution, delivery delivery, and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the Purchase Documents constitute the legal, valid valid, and binding obligation obligations of Purchaser, enforceable against Purchaser in accordance with its their terms except as the same may be limited by applicable bankruptcy, insolvency, reorganization, or other laws affecting the enforcement of creditors' rights generally and the application of general principles of equityconditions.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Goldleaf Financial Solutions Inc.), Asset Purchase Agreement (Goldleaf Financial Solutions Inc.)

Corporate Power and Authorization. Purchaser Buyer has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser Buyer have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser Buyer and constitutes the legal, valid and binding obligation of Purchaser, Buyer enforceable against Purchaser Buyer in accordance with its terms except as the same may be limited by applicable bankruptcy, insolvency, reorganization, or other laws affecting the enforcement of creditors' rights generally and the application of general principles of equityterms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Earthgrains Co /De/), Asset Purchase Agreement (Eftc Corp/)

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have has been duly authorized by all necessary corporate and shareholder action. This Agreement has been been, and the Purchaser Documents will be, duly executed and delivered by Purchaser and this Agreement constitutes and the Purchaser Documents when executed and delivered will constitute, the legal, valid and binding obligation obligations of Purchaser, Purchaser enforceable against Purchaser in accordance with its terms except as the same may be limited by applicable bankruptcy, insolvency, reorganization, or other laws affecting the enforcement of creditors' rights generally and the application of general principles of equitytheir respective terms.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Smithfield Foods Inc), Stock Purchase Agreement (American Financial Group Inc Et Al)

Corporate Power and Authorization. Purchaser has the corporate power, --------------------------------- authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser, Purchaser enforceable against Purchaser in accordance with its terms except as the same may be limited by applicable bankruptcy, insolvency, reorganization, or other laws affecting the enforcement of creditors' rights generally and the application of general principles of equityterms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Intercept Group Inc), Asset Purchase Agreement (Intercept Group Inc)

Corporate Power and Authorization. The Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by the Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by the Purchaser and constitutes the legal, valid and binding obligation of Purchaser, the Purchaser enforceable against Purchaser it in accordance with its terms except as the same may be limited by applicable bankruptcy, insolvency, reorganization, or other laws affecting the enforcement of creditors' rights generally and the application of general principles of equityterms.

Appears in 2 contracts

Samples: Assets Purchase Agreement (Therapeutic Solutions International, Inc.), Assets Purchase Agreement

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Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser, Purchaser enforceable against Purchaser in accordance with its terms except as the same may be limited by applicable bankruptcy, insolvency, reorganization, or other laws affecting the enforcement of creditors' rights generally and the application of general principles of equityterms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Maxco Inc)

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Amended Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Amended Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser, Purchaser enforceable against Purchaser in accordance with its terms except as the same may be limited by applicable bankruptcyterms, insolvencysubject to any requirements, reorganization, limitations or other laws affecting the enforcement of creditors' rights generally and the application of general principles of equityconditions set forth in Section 5.1.8 below.

Appears in 1 contract

Samples: Asset Purchase Agreement (Equalnet Communications Corp)

Corporate Power and Authorization. Purchaser has the --------------------------------- corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser, Purchaser enforceable against Purchaser in accordance with its terms except as the same may be limited by applicable bankruptcy, insolvency, reorganization, or other laws affecting the enforcement of creditors' rights generally and the application of general principles of equityterms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Aztec Manufacturing Co)

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser, Purchaser enforceable against Purchaser in accordance with its terms except as the same may be limited by applicable bankruptcy, insolvencymoratorium, reorganization, or other fraudulent conveyance and similar laws affecting the enforcement of creditors' creditors rights generally and to the application of general principles of equityequitable principles.

Appears in 1 contract

Samples: Asset Purchase Agreement (Stuart Entertainment Inc)

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser, Purchaser enforceable against Purchaser in accordance with its terms except as the same may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting generally the enforcement of creditors' rights generally and the application of by general principles of equity.

Appears in 1 contract

Samples: Plan of Reorganization and Asset Purchase Agreement (3m Co)

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