Authority and Reliance. The undersigned represents that it has full power and authority to execute this statement and make the representations contained herein. It understands that the Company is relying on this statement in issuing me the Shares (as defined below).
Authority and Reliance. I REPRESENT THAT I HAVE FULL POWER AND AUTHORITY TO EXECUTE THIS LETTER AND MAKE THE REPRESENTATIONS CONTAINED HEREIN, WITHOUT OBTAINING THE APPROVAL OR CONSENT OF ANY OTHER PERSON. I UNDERSTAND THAT THE COMPANY IS RELYING ON THIS STATEMENT IN ISSUING ME THE COMPANY SECURITIES IN CONNECTION WITH THE MERGER. THIS AGREEMENT HAS BEEN DULY AND VALIDLY EXECUTED AND DELIVERED BY ME AND CONSTITUTES A LEGAL, VALID AND BINDING OBLIGATION OF SUCH MINE, ENFORCEABLE AGAINST ME IN ACCORDANCE WITH ITS TERMS.
Authority and Reliance. Each of Buyer and PacificWave represents and warrants to the other that he or it has full power and authority to execute this Agreement and to make the representations contained herein.
Authority and Reliance. The Seller has taken all necessary action to ---------------------- authorize the execution, delivery and performance of this Agreement, the Amendment Documents, the Operator Documents and the Option Agreement and has adequate power, authority and legal right to enter into, execute, deliver and perform this Agreement and to issue the Option as contemplated hereby.
Authority and Reliance. Neither Buyer, any Indemnitees, the Company, nor the Escrow Agent shall be responsible or liable for any acts or omissions of the Stockholders’ Representative in such Stockholders’ Representative’s capacity as such. A decision, act, consent or instruction of the Stockholders’ Representative shall constitute a decision of all Stockholders for whom the Escrow Amount was deposited in the Escrow Fund and shall be final, binding and conclusive upon each such Stockholder, and the Escrow Agent and Buyer may rely upon any decision, act, consent or instruction of the Stockholders’ Representative as being the decision, act, consent or instruction of each and every such Stockholder. The Escrow Agent, the Buyer and each Indemnitee are hereby relieved from any liability to any person for any acts done by them in accordance with such decision, act, consent or instruction of the Stockholders’ Representative.
Authority and Reliance. The Buyer has taken all necessary action to authorize the execution, delivery and performance of this Agreement, the Amendment Documents, the Operator Documents and the Option Agreement and has all requisite corporate power, authority and legal right to enter into, execute, deliver and perform this Agreement, the Amendment Documents, the Operator Documents and the Option Agreement. The Buyer further represents and warrants that, in purchasing the Option, the Buyer has relied upon independent investigations made by the Buyer or the Buyer's representatives, that the Buyer has had sufficient opportunities to make inquiries of the Seller and that the Buyer and such representatives have been given the opportunity to examine all documents concerning the terms and conditions of the Option. The Buyer represents and warrants that the Buyer is experienced in the oil and gas business, has knowledge and experience in business and financial matters and is competent to evaluate the value of the Option and the benefits and risks relating to the purchase of the Option and the Buyer has determined that the consideration being given by the Buyer is the fair value equivalent of the consideration being received by the Buyer for the granting of the Option.
Authority and Reliance. Each party for that party’s self, heirs, personal representatives, successors,and assigns, hereby represents and warrants that the party has the full capacity and authority to enter into, execute, deliver,and perform this Agreement, that such execution, delivery, and performance does not violate any contractual or other duty or obligationby which that party is bound, and that this Agreement constitutes an agreement binding upon and enforceable against that party.Each party is entering into this Agreement in reliance on each party’s own judgment, and not in reliance on any statementsmade by the other party. Each party warrants and represents that the party is not relying on counsel for any other party for theperformance of any task, provision of any service, or rendering of any advice for any purpose whatsoever, but instead is relyingsolely and exclusively on the party’s own counsel for all matters relating to the terms of this Agreement
Authority and Reliance. Employee warrants and represents that: (i) Employee has relied upon Employee’s own judgment regarding the consideration for and language of this Agreement; (ii) Employee has been given the opportunity to consult with legal counsel regarding the terms of this Agreement; (iii) Employee understands this document and has obtained answers to questions that Employee has raised about the document; and (iv) no statements made by Company have in any way coerced or unduly influenced Employee to execute this Agreement. Employee acknowledges that this Agreement is written in a manner that is understandable to Employee and that Employee has read all of the paragraphs of this Agreement. Employee further acknowledges that Employee is entering into this Agreement freely, knowingly, voluntarily, and with a full understanding of its terms. Each party warrants and represents that the party is not relying on counsel for any other party for the performance of any task, provision of any service or rendering of any advice for any purpose whatsoever, but instead is relying solely and exclusively on the party’s own counsel for all matters relating to the terms of this Agreement.
Authority and Reliance. Each party for that party’s self, heirs, personal representatives, successors, and assigns, hereby represents and warrants that the party has the full capacity and authority to enter into, execute, deliver, and perform this Agreement, that such execution, delivery, and performance does not violate any contractual or other duty or obligation by which that party is bound, and that this Agreement constitutes an agreement binding upon and enforceable against that party. Each party acknowledges that this Agreement is written in a manner that is fully understandable to the party, and the party has had an opportunity to consult with counsel. Each party is entering into this Agreement in reliance on each party’s own judgment, and not in reliance on any statements made by the other party. Each party warrants and represents that the party is not relying on counsel for any other party for the performance of any task, provision of any service, or rendering of any advice for any purpose whatsoever, but instead is relying solely and exclusively on the party’s own counsel for all matters relating to the terms of this Agreement.
Authority and Reliance. Gothic has taken all necessary action to authorize the execution, delivery and performance of this Agreement and has all requisite corporate power, authority and legal right to enter into, execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby and to own, lease, and operate its properties and to conduct its business as now being conducted. Gothic represents and warrants that Gothic is experienced in the oil and gas business and has knowledge and experience in business and financial matters and, with respect to investments generally and, in particular, investments generally comparable to the Option and the GEC Securities, Gothic is competent to evaluate the value of each of the GEC Securities and the Exercise Price and the benefits and risks relating to this Agreement and Gothic has determined that the
