Common use of Execution and Enforceability Clause in Contracts

Execution and Enforceability. This Agreement has been duly executed and delivered by Seller. Upon the due authorization, execution and delivery of this Agreement by the Assuming Bank, this Agreement will constitute the legal, valid and binding obligation of Seller, enforceable, (subject to regulatory approval) in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors rights generally and by general equity principles.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Sterling Bancshares Inc), Purchase and Assumption Agreement (Sterling Bancshares Inc)

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Execution and Enforceability. This Agreement has been duly executed ---------------------------- and delivered by Seller. Upon the due authorizationSeller and constitutes, execution and delivery of this Agreement the other agreements, documents and instruments to be executed by the Assuming BankSeller in connection herewith, this Agreement will constitute when duly executed and delivered by the Seller, shall constitute, the legal, valid and binding obligation obligations of the Seller, enforceable, (subject to regulatory approval) enforceable against the Seller in accordance with its terms, their respective terms except as such to the extent that enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or insolvency and other similar securities laws relating to or affecting creditors the enforcement of creditors' rights generally and by general equity principles.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Sonic Automotive Inc), Stock Purchase Agreement (Sonic Automotive Inc)

Execution and Enforceability. This Agreement has been duly ---------------------------- executed and delivered by Sellerthe Assuming Bank. Upon the due authorization, execution and delivery of this Agreement by the Assuming BankSeller, this Agreement will constitute the legal, valid and binding obligation of Sellerthe Assuming Bank, enforceable, enforceable (subject to regulatory approval) in accordance with its terms, terms except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors rights generally and by general equity principles.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Financial Bankshares Inc)

Execution and Enforceability. This Agreement has been duly executed and delivered by SellerXxxxxx. Upon the due authorization, execution and delivery of this Agreement by the Assuming BankSeller, this Agreement will constitute the legal, valid and binding obligation of SellerXxxxxx, enforceable, enforceable (subject to regulatory approval) in accordance with its terms, terms except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors rights generally and by general equity principles.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Sterling Bancshares Inc)

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Execution and Enforceability. This Agreement has been duly executed and delivered by Sellerthe Assuming Bank. Upon the due authorization, execution and delivery of this Agreement by the Assuming BankSeller, this Agreement will constitute the legal, valid and binding obligation of Sellerthe Assuming Bank, enforceable, enforceable (subject to regulatory approval) in accordance with its terms, terms except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors rights generally and by general equity principles.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Sterling Bancshares Inc)

Execution and Enforceability. This Agreement has been duly ---------------------------- executed and delivered by Seller. Upon the due authorization, execution and delivery of this Agreement by the Assuming Bank, this Agreement will constitute the legal, valid and binding obligation of Seller, enforceable, enforceable (subject to regulatory approval) in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors rights generally and by general equity principles.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Financial Bankshares Inc)

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