Common use of Agreements Authorized and their Effect on Other Obligations Clause in Contracts

Agreements Authorized and their Effect on Other Obligations. The execution and delivery of this Agreement have been authorized by all necessary corporate and shareholder action on the part of the Sellers, and this Agreement is the valid and binding obligation of the Sellers enforceable (subject to normal equitable principles) against each of such parties in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, debtor relief or similar laws affecting the rights of creditors generally. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, will not conflict with or result in a violation or breach of any term or provision of, nor constitute a default under (i) the charter or bylaws (or other organizational documents) of the Sellers, (ii) any obligation, indenture, mortgage, deed of trust, lease, contract or other agreement to which one or both of the Sellers may be a party or by which the Sellers or their respective properties are bound; or (iii) any provision of any law, rule, regulation, order, permits, certificate, writ, judgment, injunction, decree, determination, award or other decision of any court, arbitrator, or other governmental authority to which the Sellers or any of their respective properties are subject.

Agreements Authorized and their Effect on Other Obligations. The execution and delivery of this Agreement have been authorized by all necessary corporate and shareholder action on the part of the SellersSeller, and this Agreement is the valid and binding obligation of the Sellers Seller and each of the Shareholders enforceable (subject to normal equitable principlesprincipals) against each of such parties in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, debtor relief or similar laws affecting the rights of creditors generally. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, will not conflict with or result in a violation or breach of any term or provision of, nor constitute a default under (i) the charter or bylaws (or other organizational documents) of the SellersSeller, (ii) any obligation, indenture, mortgage, deed of trust, lease, contract or other agreement to which one the Seller or both of the Sellers may be Shareholders is a party or by which the Sellers Seller or the Shareholders or their respective properties are bound; or (iii) any provision of any law, rule, regulation, order, permits, certificate, writ, judgment, injunction, decree, determination, award or other decision of any court, arbitrator, or other governmental authority to which the Sellers Seller or the Shareholders or any of their respective properties are subject. Schedule 2.

Agreements Authorized and their Effect on Other Obligations. The execution and delivery of this Agreement have been authorized by all necessary corporate and shareholder action on the part of each of the Sellers, and this Agreement is the valid and binding obligation of each of the Sellers and the Shareholders enforceable (subject to normal equitable principlesprincipals) against each of such parties in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, debtor relief or similar laws affecting the rights of creditors generally. The execution, delivery and performance of this Agreement and the consummation of the transactions transaction contemplated hereby, will not conflict with or result in a violation or breach of any term or provision of, nor constitute a default under (i) the charter or bylaws (or other organizational documents) of any of the Sellers, (ii) any obligation, indenture, mortgage, deed of trust, lease, contract or other agreement to which one or both any of the Sellers may be or the Shareholders is a party or by which any of the Sellers or the Shareholders or their respective properties are bound; or (iii) any provision of any law, rule, regulation, order, permits, certificate, writ, judgment, injunction, decree, determination, award or other decision of any court, arbitrator, or other governmental authority to which any of the Sellers or the Shareholders or any of their respective properties are subject.

Agreements Authorized and their Effect on Other Obligations. The execution and delivery of this Agreement have been authorized by all necessary corporate and shareholder action on the part of the SellersSeller and the Shareholder, and this Agreement is the valid and binding obligation of the Sellers Seller and the Shareholder enforceable (subject to normal equitable principles) against each of such parties in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, debtor relief or similar laws affecting the rights of creditors generally. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, will not conflict with or result in a violation or breach of any term or provision of, nor constitute a default under (i) the charter or bylaws (or other organizational documents) of the SellersSeller or the Shareholder, (ii) any obligation, indenture, mortgage, deed of trust, lease, contract or other agreement to which one the Seller or both of the Sellers may be Shareholder is a party or by which the Sellers Seller or the Shareholder or their respective properties are bound; or (iii) any provision of any law, rule, regulation, order, permits, certificate, writ, judgment, injunction, decree, determination, award or other decision of any court, arbitrator, or other governmental authority to which the Sellers Seller or the Shareholder or any of their respective properties are subject.