Common use of Ability to Carry Out Obligations Clause in Contracts

Ability to Carry Out Obligations. The Vendor has the right, power, and authority to enter into, and perform his obligations under this Agreement. The execution and delivery of this Agreement by the Vendor and the performance by the Vendor 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 Vendor officers or directors or Vendor 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 Vendor 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 Vendor or upon the Stock of Vendor to be acquired by the Purchaser.

Ability to Carry Out Obligations. The Vendor Seller has the right, power, and authority to enter into, and perform his its obligations under this Agreement. The execution and delivery of this Agreement by the Vendor Seller and the performance by the Vendor Seller of their its obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation or of 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 Vendor officers or the Company, the officers, directors or Vendor Seller 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 Vendor the 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 Vendor the Company or upon the Stock of Vendor Shares to be acquired by the PurchaserBuyer.

Ability to Carry Out Obligations. The Vendor has Sellers have the right, power, and authority to enter into, and perform his its obligations under this Agreement. The execution and delivery of this Agreement by the Vendor Sellers and the performance by the Vendor Sellers of their its obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation or of 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 Vendor officers or the Company, the officers, directors or Vendor are the Sellers is 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 Vendor the 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 Vendor the Company or upon the Stock of Vendor Shares to be acquired by the PurchaserBuyer.

Ability to Carry Out Obligations. The Vendor Seller has the right, power, and authority to enter into, and perform his its obligations under this Agreement. The execution and delivery of this Agreement by the Vendor Seller and the performance by the Vendor Seller of their its obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation or of 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 Vendor officers or the Company, the officers, directors or Vendor are Seller is 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 Vendor the 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 Vendor the Company or upon the Stock of Vendor Shares to be acquired by the PurchaserBuyer.

Ability to Carry Out Obligations. The Vendor Each of the Stockholders has the right, power, and authority to enter into, into and perform his its obligations under this Agreement. The execution and delivery of this Agreement by the Vendor Stockholders and the performance by the Vendor Stockholders of their 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 Vendor officers The Company or directors or Vendor are the Stockholders is a party, 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 Vendor PURCHASERS or Escrow Agent 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 Vendor The Company or upon the Stock of Vendor to be acquired by the PurchaserShares.

Ability to Carry Out Obligations. The Vendor has Seller have the right, power, and authority to enter into, and perform his their obligations under this Agreement. The execution and delivery of this Agreement by the Vendor Seller and the performance by the Vendor Seller of their obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation or of 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 Vendor officers or the Company, the officers, directors or Vendor Seller 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 Vendor the 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 Vendor the Company or upon the Stock of Vendor Shares to be acquired by the PurchaserBuyer.

Ability to Carry Out Obligations. The Vendor Seller has the right, power, and authority to enter into, and perform his its obligations under this Agreement. The execution and delivery of this Agreement by the Vendor Seller and the performance by the Vendor Seller of their its obligations hereunder will not cause, constitute, or conflict with or result in (a) any breach or violation or of 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 Vendor officers or the Company, the officers, directors or Vendor are the Seller is 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 Vendor the 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 Vendor the Company or upon the Stock of Vendor Shares to be acquired by the PurchaserBuyer.

Ability to Carry Out Obligations. The Vendor has Sellers have the right, power, and authority to enter into, and perform his obligations under this Agreement. The execution and delivery of this Agreement by the Vendor Sellers and the performance by the Vendor 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 Vendor officers or the Company, the officers, directors or Vendor 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 Vendor the 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 Vendor the Company or upon the Stock of Vendor to be acquired by the PurchaserShares.

Ability to Carry Out Obligations. The Vendor has Trust, and the shareholders therein, have the right, power, power and authority to enter into, into and perform his their obligations under this Agreement. The execution and delivery of this Agreement by the Vendor Trust and the performance by the Vendor shareholders of their obligations hereunder thereunder will not cause, constitute, constitute or conflict with or result in (a) any breach or violation or of any of the provisions provision of or constitute a default under any license, indenture, mortgage, charter, instrument, articles of incorporation, bylawbylaws, or other agreement or instrument to which Vendor officers the company or directors the Trust or Vendor the company's 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, or (b) an event that would cause Vendor the company to be liable to any party, or (c) an event that would Would result in the creation or imposition of any lien, charge, or encumbrance on any asset of Vendor the company or upon the Stock securities of Vendor the company to be acquired by the Purchaserbuyer.

Ability to Carry Out Obligations. The Vendor Issuer and each Control Shareholder has the right, power, and authority to enter into, into and perform his or its obligations under this Agreement. The execution and delivery of this Agreement by the Vendor Issuer and the performance by the Vendor Issuer of their 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 Vendor officers Issuer or directors or Vendor 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 Vendor 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 Vendor Issuer or upon the Stock securities of Vendor Issuer to be acquired by the PurchaserBSM Shareholders.