Common use of Ability to Carry Out Obligations Clause in Contracts

Ability to Carry Out Obligations. The Sellers have the right, power, and authority to enter into, and perform their obligations under this Agreement. The execution and delivery of this Agreement by The Sellers and the performance by their obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation or any of the provisions of or constitute a default under any license, indenture, mortgage, charter, instrument, articles of incorporation, bylaw, or other agreement or instrument to which the company or the Shareholders are a party, or by which they may be bound, nor will any consents or authorizations of any party other than those hereto be required, (b) an event that would cause the company to be liable to any party, or (c) an event that would result in the creation or imposition of any lien, charge, or encumbrance on any asset of the company or upon the securities of the company to be delivered to "The Buyers".

Ability to Carry Out Obligations. The Sellers have Issuer has the right, power, and authority to enter into, into and perform their its obligations under this Agreement. The execution and delivery of this Agreement by The Sellers Issuer and the performance by their Issuer of its obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation or any of the provisions of or constitute a default under any license, indenture, mortgage, charter, instrument, articles of incorporation, bylaw, or other agreement or instrument to which the company Issuer or the Shareholders its shareholders are a party, or by which they may be bound, nor will any consents or authorizations of any party other than those hereto be required, (b) an event that would cause the company Issuer to be liable to any party, or (c) an event that would result in the creation or imposition of or any lien, charge, charge or encumbrance on any asset of the company Issuer or upon the securities of the company Issuer to be delivered to "The Buyers"acquired by the Buyer.

Ability to Carry Out Obligations. The Sellers have the right, power, and authority to enter into, and perform their his obligations under this Agreement. The execution and delivery of this Agreement by The the Sellers and the performance by the Sellers of their obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation or any of the provisions of or constitute a default under any license, indenture, mortgage, charter, instrument, articles of incorporation, bylaw, or other agreement or instrument to which the company Company, the officers, directors or the Shareholders Sellers are a party, or by which they may be bound, nor will any consents or authorizations of any party other than those hereto be required, (b) an event that would cause the company Company (and/or assigns) to be liable to any party, or (c) an event that would result in the creation or imposition of any lien, charge, or encumbrance on any asset of the company Company or upon the securities of the company to be delivered to "The Buyers"Shares.

Ability to Carry Out Obligations. The Sellers have Seller has the right, power, and authority to enter into, into and perform their its obligations under this Agreement. The execution and delivery of this Agreement by The Sellers ESS and the performance by their ESS of its obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation or any of the provisions of or constitute a default under any license, indenture, mortgage, charter, instrument, articles of incorporation, bylaw, or other agreement or instrument to which the company Issuer or the Shareholders its shareholders are a party, or by which they may be bound, nor will any consents or authorizations of any party other than those hereto be required, (b) an event that would cause the company Buyer to be liable to any party, or (c) an event that would result in the creation or imposition of or any lien, charge, charge or encumbrance on any asset of the company ESS or upon the securities of the company ESS to be delivered to "The Buyers"acquired by the Buyer.

Ability to Carry Out Obligations. The Sellers have the right, power, and authority to enter into, and perform their obligations under this Agreement. The execution and delivery of this Agreement by The Sellers and the performance by their obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation or any of the provisions of or constitute a default under any license, indenture, mortgage, charter, instrument, articles of incorporation, bylaw, or other agreement or instrument to which the company Company or the Shareholders are a party, or by which they may be bound, nor will any consents or authorizations of any party other than those hereto be required, (b) an event that would cause the company Company to be liable to any party, or (c) an event that would result in the creation or imposition of any lien, charge, or encumbrance on any asset of the company Company or upon the securities of the company Company to be delivered to "The Buyers".

Ability to Carry Out Obligations. The Sellers have the right, power, and authority to enter into, and perform their obligations under this Agreement. The execution and delivery of this Agreement by The the Sellers and the performance by the Sellers of their obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation or any of the provisions of or constitute a default under any license, indenture, mortgage, charter, instrument, articles of incorporation, bylaw, or other agreement or instrument to which the company Magna, its officers, directors or the Shareholders Sellers are a party, or by which they may be bound, nor will any consents or authorizations of any party other than those hereto be required, or (b) an event that would cause the company to be liable to any party, or (c) an event that would result in the creation or imposition of any lien, charge, or encumbrance on any asset of the company Magna or upon the securities shares of the company to be delivered to "The Buyers"Equity Interests.

Ability to Carry Out Obligations. The Sellers have the right, power, and authority to enter into, and perform their obligations under this Agreement. The execution and delivery of this Agreement by The the Sellers and the performance by the Sellers of their obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation or any of the provisions of or constitute a default under any license, indenture, mortgage, charter, instrument, articles of incorporation, bylaw, or other agreement or instrument to which the company or the Shareholders are Seller is a party, or by which they it may be bound, nor will any consents or authorizations of any party other than those hereto be required, (b) an event that would cause the company Seller (and/or assigns) to be liable to any party, or (c) an event that would result in the creation or imposition of any lien, charge, or encumbrance on any asset of the company Seller or upon the securities shares of the company Company to be delivered to "The Buyers"acquired by the Buyer.