Examples of Seller Parties in a sentence
Each of the Seller Parties that is, and each Target Business Entity as of the date hereof and as of the Initial Closing that is, a party to a Transaction Document has all requisite power and authority to enter into each Transaction Document to which it is a party, and to carry out its obligations hereunder (including the Reorganization) and thereunder.
Each of the Seller Parties is, and each Target Business Entity is as of the date hereof and as of the Initial Closing, a corporation or other legal entity duly incorporated or formed and validly existing under the Laws of the jurisdiction of its incorporation or formation and has full corporate or organizational power and authority to (a) own or lease the Target Shares and Assets owned or leased by it and (b) carry on the Business as now conducted by it.
Each of the Seller Parties that is, and each Target Business Entity as of the date hereof and as of the Initial Closing that is, a party to a Transaction Document has taken all actions needed to execute, deliver and consummate the Transaction Documents to which it is a party, and to perform its obligations hereunder and thereunder, and no other proceedings or actions on the part of it is necessary to authorize such execution, delivery and performance.