Common use of Approval of Agreement; Enforceability Clause in Contracts

Approval of Agreement; Enforceability. Fitmedia has full power, authority, and legal right and has taken, or will take, all action required by law, its Articles of Incorporation, Bylaws, and otherwise to execute and deliver this Agreement and to consummate the transactions herein contemplated. The board of directors of Fitmedia has authorized and approved the execution, delivery, and performance of this Agreement. This Agreement, when delivered in accordance with the terms hereof, will constitute the valid and binding obligation of the Seller and Fitmedia in accordance with its terms, except as such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of creditors’ rights and remedies.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Fitmedia Inc.), Stock Purchase Agreement (Fitmedia Inc.)

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Approval of Agreement; Enforceability. Fitmedia FitMedia has full power, authority, and legal right and has taken, or will take, all action required by law, its Articles of Incorporation, Bylaws, and otherwise to execute and deliver this Agreement and to consummate the transactions herein contemplated. The board of directors of Fitmedia FitMedia has authorized and approved the execution, delivery, and performance of this Agreement. This Agreement, when delivered in accordance with the terms hereof, will constitute the valid and binding obligation of the Seller FitMedia and Fitmedia Crottey in accordance with its terms, except as such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of creditors’ rights and remedies. The FitMedia shareholders will not have dissenter’s rights with respect to any of the transactions contemplated herein.

Appears in 2 contracts

Samples: Share Exchange Agreement (Fitmedia Inc.), Share Exchange Agreement (Fitmedia Inc.)

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