Common use of Authority and Approval; Enforceability Clause in Contracts

Authority and Approval; Enforceability. Each of the Parent Parties has the requisite power and authority to execute and deliver this Agreement and any Transaction Document to which it is or will be a party, to consummate the transactions contemplated hereby and thereby and to perform all the terms and conditions hereof and thereof to be performed by it. The execution and delivery by each of the Parent Parties of this Agreement and any Transaction Document to which it is or will be a party, the performance by it of all the terms and conditions hereof and thereof to be performed by it and the consummation of the transactions contemplated hereby and thereby have been duly authorized and approved by all requisite action of the Parent Parties. Each of this Agreement and any Transaction Document to which any of the Parent Parties is or will be a party constitutes or will constitute, upon execution and delivery by such Parent Party, the valid and binding obligation of such Parent Party, enforceable against such Parent Party in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting enforcement of creditors’ rights generally and by general principles of equity (whether applied in a proceeding at law or in equity). 

Appears in 4 contracts

Samples: Asset Purchase Agreement (Green Plains Inc.), Asset Purchase Agreement (Green Plains Partners LP), Asset Purchase Agreement (Green Plains Inc.)

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Authority and Approval; Enforceability. Each of the Parent Parties CNX Party has the requisite power and authority to execute and deliver this Agreement and any other Transaction Document to which it is or will be a party, to consummate the transactions contemplated hereby and thereby and to perform all the terms and conditions hereof and thereof to be performed by it. The execution and delivery by each of the Parent Parties CNX Party of this Agreement and any other Transaction Document to which it is or will be a party, the performance by it of all the terms and conditions hereof and thereof to be performed by it and the consummation of the transactions contemplated hereby and thereby have been duly authorized and approved by all requisite limited partnership or limited liability company action of the Parent Partiessuch CNX Party. Each of this Agreement and any other Transaction Document to which any of the Parent Parties each CNX Party is or will be a party constitutes or will constitute, upon execution and delivery by such Parent CNX Party, the valid and binding obligation of such Parent CNX Party, enforceable against such Parent CNX Party in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting enforcement of creditors’ rights generally and by general principles of equity (whether applied in a proceeding at law or in equity). .

Appears in 2 contracts

Samples: Purchase and Sale Agreement (CNX Midstream Partners LP), Purchase and Sale Agreement (CNX Resources Corp)

Authority and Approval; Enforceability. Each of the Parent Parties has the requisite power and authority to execute and deliver this Agreement and any Transaction Document to which it is or will be a party, to consummate the transactions contemplated hereby and thereby and to perform all the terms and conditions hereof and thereof to be performed by it. The execution and delivery by each of the Parent Parties of this Agreement and any Transaction Document to which it is or will be a party, the performance by it of all the terms and conditions hereof and thereof to be performed by it and the consummation of the transactions contemplated hereby and thereby have been duly authorized and approved by all requisite action of the Parent Parties. Each of this Agreement and any Transaction Document to which any of the Parent Parties is or will be a party constitutes or will constitute, upon execution and delivery by such Parent Party, the valid and binding obligation of such Parent Party, enforceable against such Parent Party in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting enforcement of creditors’ rights generally and by general principles of equity (whether applied in a proceeding at law or in equity). .

Appears in 2 contracts

Samples: Asset Purchase Agreement (Green Plains Inc.), Asset Purchase Agreement (Green Plains Partners LP)

Authority and Approval; Enforceability. Each of the Parent GPM Parties has the requisite corporate, limited liability company or limited partnership power and authority authority, as applicable, to execute and deliver this Agreement and any each Transaction Document to which it is or will be a party, to consummate the transactions contemplated hereby and thereby and to perform all the terms and conditions hereof and thereof to be performed by it. The execution and delivery by each GPM Party of the Parent Parties of this Agreement and any Transaction Document Documents to which it is or will be a party, the performance by it each such GPM Party of all the terms and conditions hereof and thereof to be performed by it and the consummation of the transactions contemplated hereby and thereby have been duly authorized and approved by all requisite action corporate, limited liability company or limited partnership action, as applicable, of the Parent Partiesapplicable GPM Party. Each of this Agreement and any Transaction Document to which any of the Parent Parties GPM Party is or will be a party constitutes or will constitute, upon execution and delivery by such Parent GPM Party, the valid and binding obligation of such Parent GPM Party, enforceable against such Parent GPM Party in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting enforcement of creditors’ rights generally and by general principles of equity (whether applied in a proceeding at law or in equity). .

Appears in 1 contract

Samples: Purchase Agreement (GPM Petroleum LP)

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Authority and Approval; Enforceability. Each of the Parent Partnership Parties has the requisite power and authority to execute and deliver this Agreement and any Transaction Document to which it is or will be a party, to consummate the transactions contemplated hereby and thereby and to perform all the terms and conditions hereof and thereof to be performed by it. The execution and delivery by each of the Parent Partnership Parties of this Agreement and any Transaction Document to which it is or will be a party, the performance by it of all the terms and conditions hereof and thereof to be performed by it and the consummation of the transactions contemplated hereby and thereby have been duly authorized and approved by all requisite action of the Parent Partnership Parties. Each of this Agreement and any Transaction Document to which any of the Parent Partnership Parties is or will be a party constitutes or will constitute, upon execution and delivery by such Parent Partnership Party, the valid and binding obligation of such Parent Partnership Party, enforceable against such Parent Partnership Party in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting enforcement of creditors’ rights generally and by general principles of equity (whether applied in a proceeding at law or in equity). .

Appears in 1 contract

Samples: Asset Purchase Agreement (Green Plains Partners LP)

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