Common use of Approval and Enforceability of Agreement Clause in Contracts

Approval and Enforceability of Agreement. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized, approved and ratified by all necessary action on the part of Seller. Certified copies of all required resolutions, authorizations, consents, approvals and/or ratifications have been provided to Buyer and no such resolution, authorization, consent or approval has been altered, amended, rescinded, repealed or revoked. Seller has full authority to enter into and deliver this Agreement, to perform its obligations hereunder, and to consummate the transactions contemplated hereby. Assuming the due execution and delivery hereof by Buyer, this Agreement is the legal, valid and binding obligation of Seller, enforceable against Seller according to its terms.

Appears in 3 contracts

Samples: Asset Purchase Agreement (New Medium Enterprises Inc), Asset Purchase Agreement (VGTel, Inc.), Asset Purchase Agreement (VGTel, Inc.)

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Approval and Enforceability of Agreement. (a) The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized, approved and ratified by all necessary action on the part of Sellerthe Sellers Group. Certified Each Seller has delivered to Buyer correct and complete copies of all required resolutionsthe resolutions of such Seller, authorizationscertified by its secretary, consents, approvals and/or ratifications giving authorization and approval of the transactions contemplated hereby. Such resolutions have been provided to Buyer and no such resolution, authorization, consent or approval has not been altered, amended, rescinded, repealed amended or revoked. Pursuant to such resolutions, each Seller has full authority to enter into and deliver this Agreement, to perform its obligations hereunder, hereunder and to consummate the transactions contemplated hereby. . (b) Assuming the due execution and delivery hereof by Buyer, this Agreement is the legal, valid and binding obligation of Sellereach Sellers Group Person, enforceable against Seller each according to its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Gulf State Credit LLP)

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Approval and Enforceability of Agreement. The Subject to share holder approval, the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized, approved and ratified by all necessary action on the part of Seller. Certified copies of all required resolutions, authorizations, consents, approvals and/or ratifications have been provided to Buyer and no such resolution, authorization, consent or approval has been altered, amended, rescinded, repealed or revoked. Seller has full authority to enter into and deliver this Agreement, to perform its obligations hereunder, and to consummate the transactions contemplated hereby. Assuming the due execution and delivery hereof by Buyer, this Agreement is the legal, valid and binding obligation of Seller, enforceable against Seller according to its terms.terms.-

Appears in 1 contract

Samples: Asset Purchase Agreement (New Medium Enterprises Inc)

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