Common use of Approvals; Authority Clause in Contracts

Approvals; Authority. (a) Texas United has full corporate power and authority to execute and deliver this Agreement (and any related documents), and Texas United and each of its Subsidiaries has full legal capacity, power and authority to perform their respective obligations hereunder and thereunder and to consummate the contemplated transactions. Except for the approval of the shareholders of Texas United, all actions or proceedings on the part of Texas United necessary to approve this Agreement (and any related documents) and to consummate the contemplated transactions have been taken.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Texas United Bancshares Inc), Agreement and Plan of Merger (Texas United Bancshares Inc)

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Approvals; Authority. (a) Texas United has full corporate power and authority to execute and deliver this Agreement (and any related documents), and Texas United and each of its Subsidiaries has full legal capacity, power and authority to perform their respective obligations hereunder and thereunder and to consummate the contemplated transactions. Except for the approval of the shareholders of Texas United, all actions or proceedings on the part of Texas United necessary to approve this Agreement (and any related documents) and to consummate the contemplated transactions have been taken.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Texas United Bancshares Inc)

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Approvals; Authority. (a) Texas United has full corporate power and authority to execute and deliver this Agreement (and any related documents), and Texas United and each of its Subsidiaries has full legal capacity, power and authority to perform their respective obligations hereunder and thereunder and to consummate the contemplated transactions. Except for the approval of the shareholders of Texas United, all actions or corporate proceedings on the part of Texas United or any of its Subsidiaries are necessary to approve execute and deliver this Agreement (and any related documents) and to consummate the transaction contemplated transactions hereby, all of which have been takenduly and validly authorized by Texas United’s Board of Directors.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Texas United Bancshares Inc)

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