Common use of Authority and Authorization; Execution and Delivery of this Agreement Clause in Contracts

Authority and Authorization; Execution and Delivery of this Agreement. Each of the Seller Entities has the full right, power and authority to enter into this Agreement and to perform its obligations hereunder. The execution and delivery of this Agreement and all documents, instruments and agreements required to be executed and delivered by the Seller Entities pursuant to this Agreement in connection with the completion of the transactions contemplated by this Agreement, have been duly authorized by all necessary action on their part, and this Agreement has been duly executed and delivered by each of the Seller Entities and constitutes a legal, valid and binding obligation of each Seller Entity enforceable against it in accordance with its terms, except as may be limited by bankruptcy, insolvency, liquidation, reorganization, reconstruction and other similar laws of general application affecting the enforceability of remedies and rights of creditors and except that equitable remedies such as specific performance and injunction are in the discretion of a court.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase, Sale and Contribution Agreement (Golar LNG Partners LP), Purchase and Sale Agreement (Golar LNG Partners LP)

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