Common use of Authority and Binding Obligations Clause in Contracts

Authority and Binding Obligations. Buyer and each of its Affiliates which is a party to a Related Agreement has the power and authority to execute, deliver and perform its obligations under this Agreement and the Related Agreements, as applicable. The execution, delivery, and performance of this Agreement and of the Related Agreements by Buyer or its Affiliate which is a party (a) have been duly authorized by requisite company action; and (b) do not conflict or result in a violation or breach of or result in the acceleration of rights, benefits or payments under the organization documents of the Buyer or the Affiliate which is a party. Each of this Agreement and the related Agreements constitute a legal, valid and binding obligation of Buyer and each of its Affiliates which is a party to a Related Agreement, enforceable against Buyer and each of its Affiliates which is a party in accordance with their respective terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and general principles of equity (regardless of whether enforceability is considered in proceeding at law or in equity).

Authority and Binding Obligations. Buyer Seller and each of its Affiliates which that is a party to a Related Agreement has the power and authority to execute, deliver and perform its obligations under this Agreement and the Related Agreements, as applicable. The execution, delivery, and performance of this Agreement and of the Related Agreements by Buyer Seller or its Affiliate which is a party (a) have been duly authorized by requisite company action; and (b) do not conflict or result in a violation or breach of or result in the acceleration of rights, benefits or payments under the organization organizational documents of the Buyer Seller or the Affiliate which is a party. Each of this Agreement and the related Related Agreements constitute a legal, valid and binding obligation of Buyer Seller and each of its Affiliates which that is a party to a Related Agreement, enforceable against Buyer Seller and each of its Affiliates which that is a party in accordance with their respective terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and general principles of equity (regardless of whether enforceability is considered in a proceeding at law or in equity).

Authority and Binding Obligations. Buyer Seller and each of its Affiliates which is a party to a Related Agreement has the power and authority to execute, deliver and perform its obligations under this Agreement and the Related Agreements, as applicable. The execution, delivery, and performance of this Agreement and of the Related Agreements by Buyer Seller or its Affiliate which is a party (a) have been duly authorized by requisite company action; and (b) do not conflict or result in a violation or breach of or result in the acceleration of rights, benefits or payments under the organization organizational documents of the Buyer Seller or the Affiliate which is a party. Each of this Agreement and the related Related Agreements constitute a legal, valid and binding obligation of Buyer Seller and each of its Affiliates which is a party to a Related Agreement, enforceable against Buyer Seller and each of its Affiliates which is a party in accordance with their respective terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and general principles of equity (regardless of whether enforceability is considered in a proceeding at law or in equity).

Authority and Binding Obligations. Buyer and each of its Affiliates which that is a party to a Related Agreement has the power and authority to execute, deliver and perform its obligations under this Agreement and the Related Agreements, as applicable. The execution, delivery, and performance of this Agreement and of the Related Agreements by Buyer or its Affiliate which that is a party (a) have been duly authorized by requisite company action; and (b) do not conflict or result in a violation or breach of or result in the acceleration of rights, benefits or payments under the organization documents of the Buyer or the Affiliate which that is a party. Each of this Agreement and the related Agreements constitute a legal, valid and binding obligation of Buyer and each of its Affiliates which that is a party to a Related Agreement, enforceable against Buyer and each of its Affiliates which that is a party in accordance with their respective terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and general principles of equity (regardless of whether enforceability is considered in proceeding at law or in equity).