Common use of Organization and Authority of Seller Clause in Contracts

Organization and Authority of Seller. Each of SED and Seller is a corporation duly organized, validly existing and in good standing under the Laws of Singapore. Each of SED and Seller has full corporate power and authority to enter into this Agreement and the Ancillary Documents to which Seller is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by each of SED and Seller of this Agreement and the Ancillary Documents to which it is a party, the performance by each of SED and Seller of its obligations hereunder and thereunder, and the consummation by each of SED and Seller of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action on the part of SED or Seller, as the case may be. This Agreement has been duly executed and delivered by each of SED and Seller, and (assuming due authorization, execution and delivery by the other Parties hereto) this Agreement constitutes a legal, valid and binding obligation of each of SED and Seller enforceable against it in accordance with its terms. When each other Ancillary Documents to which each of SED and Seller is a party has been duly executed and delivered by it (assuming due authorization, execution and delivery by each other Party thereto), such Ancillary Document will constitute a legal and binding obligation of Seller enforceable against it in accordance with its terms.

Organization and Authority of Seller. Each of SED and Seller is a corporation limited liability company duly organized, validly existing and in good standing under the Laws of Singaporethe state of Nevada. Each of SED and Seller has full corporate limited liability company power and authority to enter into this Agreement and the Ancillary Documents to which Seller is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by each of SED and Seller of this Agreement and the any Ancillary Documents Document to which it Seller is a party, the performance by each of SED and Seller of its obligations hereunder and thereunder, and the consummation by each of SED and Seller of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate limited liability company action on the part of SED or Seller, as the case may be. This Agreement has been duly executed and delivered by each of SED and Seller, and (assuming due authorization, execution execution, and delivery by the other Parties heretoBuyer) this Agreement constitutes a legal, valid and binding obligation of each of SED and Seller enforceable against it Seller in accordance with its terms. When each other Ancillary Documents Document to which each of SED and Seller is or will be a party has been duly executed and delivered by it Seller (assuming due authorization, execution execution, and delivery by each other Party party thereto, as applicable), such Ancillary Document will constitute a legal and binding obligation of Seller enforceable against it in accordance with its terms.

Organization and Authority of Seller. Each of SED and Seller is a limited liability company or corporation duly organized, validly existing and in good standing under the Laws of Singaporethe state of its organization. Each of SED and Seller has full corporate power and authority to enter into this Agreement and the Ancillary Documents to which Seller is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by each of SED and Seller of this Agreement and the any Ancillary Documents Document to which it Seller is a party, the performance by each of SED and Seller of its obligations hereunder and thereunder, and the consummation by each of SED and Seller of the transactions contemplated hereby and thereby have been duly authorized by all requisite limited liability company or corporate action on the part of SED or Seller, as the case may be, action on the part of Seller. This Agreement has been duly executed and delivered by each of SED and Seller, and (assuming due authorization, execution execution, and delivery by the other Parties parties hereto) this Agreement constitutes a legal, valid and binding obligation of each of SED and Seller enforceable against it Seller in accordance with its terms. When each other Ancillary Documents Document to which each of SED and Seller is or will be a party has been duly executed and delivered by it Seller (assuming due authorization, execution execution, and delivery by each other Party party thereto), such Ancillary Document will constitute a legal and binding obligation of Seller enforceable against it in accordance with its terms.