Common use of Authority and Power Clause in Contracts

Authority and Power. Buyer has the requisite power and authority to enter into each of the Transaction Documents to which it is or will be a party, to consummate each of the transactions and undertakings contemplated thereby, and to perform all the terms and conditions thereof to be performed by Buyer. The execution, delivery and performance of each of the Transaction Documents to which Buyer is or will be a party and the consummation of each of the transactions and undertakings contemplated thereby have been duly authorized by all requisite action on the part of Buyer.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (NRG Yield, Inc.), Purchase and Sale Agreement

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Authority and Power. Buyer The Purchaser has the requisite power and authority to enter into each of the Transaction Documents to which it is or will be a partythis Agreement, to consummate each of the transactions and undertakings contemplated therebyhereby, and to perform all the terms and conditions thereof to be performed by Buyerit. The execution, delivery and performance of each of the Transaction Documents to which Buyer is or will be a party this Agreement and the consummation of each of the transactions and undertakings contemplated thereby hereby have been duly authorized by all requisite action on its part under the part of BuyerPurchaser’s constituent or governing documents and applicable law.

Appears in 2 contracts

Samples: Convertible Series a Preferred Stock Purchase Agreement (Kennedy-Wilson Holdings, Inc.), Convertible Preferred Stock Purchase Agreement (Sandridge Energy Inc)

Authority and Power. Buyer has the requisite power and authority to enter into each of the Transaction Documents to which it is or will be a party, to consummate each of the transactions and undertakings contemplated thereby, and to perform all the terms and conditions thereof to be performed by Buyerit. The execution, delivery and performance of each of the Transaction Documents to which Buyer is or will be a party and the consummation of each of the transactions and undertakings contemplated thereby have been duly authorized by all requisite action on the part of BuyerBuyer under its Charter Documents.

Appears in 1 contract

Samples: Subscription Agreement (Ipalco Enterprises, Inc.)

Authority and Power. Buyer has the requisite corporate power and authority to enter into each of the Transaction Documents to which it is or will be a party, to consummate each of the transactions and undertakings contemplated thereby, and to perform all the terms and conditions thereof to be performed by Buyerit. The execution, delivery and performance of each of the Transaction Documents to which Buyer is or will be a party and the consummation of each of the transactions and undertakings contemplated thereby have been duly authorized by all requisite corporate action on the part of BuyerBuyer under its Charter Documents.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hawaiian Electric Co Inc)

Authority and Power. Buyer has the requisite power and authority to enter into each of the Transaction Documents to which it is or will be a party, to consummate each of the transactions and undertakings contemplated thereby, and to perform all the terms and conditions thereof to be performed by Buyer. The execution, delivery and performance of each of the Transaction Documents to which Buyer is or will be a party and the consummation of each of the transactions and undertakings contemplated thereby have been duly authorized by all requisite action on the part of BuyerBuyer under its Charter Documents.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Northwestern Corp)

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Authority and Power. Buyer has the requisite power and authority to enter into each of the Transaction Documents to which it is or will be a party, to consummate each of the transactions and undertakings contemplated thereby, and to perform all the terms and conditions thereof to be performed by Buyerit. The execution, delivery and performance of each of the Transaction Documents to which Buyer is or will be a party and the consummation of each of the transactions and undertakings contemplated thereby have been duly authorized by all requisite action on the part of BuyerBuyer under its Charter Documents.

Appears in 1 contract

Samples: Membership Interest Purchase and Sale Agreement

Authority and Power. Buyer has the requisite limited liability company power and authority to enter into each of the Transaction Documents to which it is or will be a partyparty (the “Buyer Transaction Documents”), to consummate each of the transactions and undertakings contemplated thereby, and to perform all the terms and conditions thereof to be performed by Buyerit. The execution, delivery and performance of each of the Buyer Transaction Documents to which Buyer is or will be a party Document and the consummation of each of the transactions and undertakings contemplated thereby have been duly authorized by all requisite limited liability company action on the part of BuyerBuyer under its Charter Documents.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Trxade Group, Inc.)

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