Common use of Authority, Approvals and Consents Clause in Contracts

Authority, Approvals and Consents. The Companies have the corporate power and authority to enter into this Agreement and the documents referred to herein (the "Documents") to which they are a party and to perform their obligations hereunder and thereunder. The execution, delivery and performance of this Agreement and the Documents to which they are a party and the consummation of the transactions contemplated hereby and thereby have been duly authorized and approved by the Board of Directors of each of the Companies and no other corporate proceedings on the part of the Companies are necessary to authorize and approve this Agreement and the Documents and the transactions contemplated hereby and thereby. This Agreement has been, and on the Closing Date the Documents will be, duly executed and delivered by, and constitute valid and binding obligations of, each of the Companies, enforceable against the Companies in accordance with their respective terms. The execution, delivery and performance by each of the Companies and the Stockholders of this Agreement and the Documents to which it or they are a party and the consummation of the transactions contemplated hereby and thereby do not and will not:

Appears in 2 contracts

Samples: Stock Purchase Agreement (United Auto Group Inc), Stock Purchase Agreement (United Auto Group Inc)

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Authority, Approvals and Consents. (a) The Companies have the corporate power and authority to enter into this Agreement and the documents referred to herein (such documents, other than the Leases, herein referred to as the "Documents") to which they are a party and to perform their obligations hereunder and thereunder. The execution, delivery and performance of this Agreement and the Documents to which they are a party and the consummation of the transactions contemplated hereby and thereby have been duly authorized and approved by the Board of Directors of each of the Companies and no other corporate proceedings on the part of the Companies are necessary to authorize and approve this Agreement and the Documents and the transactions contemplated hereby and thereby. This Agreement has been, and on the Closing Date the Documents will be, duly executed and delivered by, and constitute valid and binding obligations of, each of the Companies, enforceable against the Companies in accordance with their respective terms. The execution, delivery and performance by each of the Companies and the Stockholders of this Agreement and the Documents to which it or they are a party and the consummation of the transactions contemplated hereby and thereby do not and will not:.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (United Auto Group Inc), Stock Purchase Agreement (United Auto Group Inc)

Authority, Approvals and Consents. The Companies have the corporate power and authority to enter into this Agreement and the documents referred to herein (the "Documents") to which they are a party and to perform their obligations hereunder and thereunder. The execution, delivery and performance of this Agreement and the Documents to which they are a party and the consummation of the transactions contemplated hereby and thereby have been duly authorized and approved by the Board of Directors of each of the Companies and no other corporate proceedings on the part of the Companies are necessary to authorize and approve this Agreement and the Documents and the transactions contemplated hereby and thereby. This Agreement has been, and on the Closing Date the Documents will be, duly executed and delivered by, and constitute valid and binding obligations of, each of the Companies, enforceable against the Companies in accordance with their respective terms. The execution, delivery and performance by each of the Companies and the Stockholders Stockholder of this Agreement and the Documents to which it or they are he is a party and the consummation of the transactions contemplated hereby and thereby do not and will not:

Appears in 2 contracts

Samples: Stock Purchase Agreement (United Auto Group Inc), Stock Purchase Agreement (United Auto Group Inc)

Authority, Approvals and Consents. The Companies have Company has the corporate power and authority to enter into this Agreement and the documents referred to herein (the "Documents") to which they are it is a party and to perform their its obligations hereunder and thereunder. The execution, delivery and performance of this Agreement and the Documents to which they are it is a party and the consummation of the transactions contemplated hereby and thereby have been duly authorized and approved by the Board of Directors of each of the Companies Company and no other corporate proceedings on the part of the Companies are Company is necessary to authorize and approve this Agreement and the Documents and the transactions contemplated hereby and thereby. This thereThis Agreement has been, and on the Closing Date the Documents will be, duly executed and delivered by, and constitute valid and binding obligations of, each of the CompaniesCompany, enforceable against the Companies Company in accordance with their respective its terms. The execution, delivery and performance by each of the Companies Company, the Stockholder and the Stockholders Xx. Xxxxx of this Agreement and the Documents to which it or they are a party and the consummation of the transactions contemplated hereby and thereby do not and will not:

Appears in 1 contract

Samples: Stock Purchase Agreement (United Auto Group Inc)

Authority, Approvals and Consents. (a) The Companies have the corporate power and authority to enter into this Agreement and the documents referred to herein (the "Documents") to which they are a party and to perform their obligations hereunder and thereunder. The execution, delivery and performance of this Agreement and the Documents to which they are a party and the consummation of the transactions contemplated hereby and thereby have been duly authorized and approved by the Board of Directors of each of the Companies and no other corporate proceedings on the part of the Companies are necessary to authorize and approve this Agreement and the Documents and the transactions contemplated hereby and thereby. This Agreement has been, and on the Closing Date the Documents will be, duly executed and delivered by, and constitute valid and binding obligations of, each of the Companies, enforceable against the Companies in accordance with their respective terms. The execution, delivery and performance by each of the Companies and the Stockholders of this Agreement and the Documents to which it or they are a party and the consummation of the transactions contemplated hereby and thereby do not and will not:.

Appears in 1 contract

Samples: Stock Purchase Agreement (United Auto Group Inc)

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Authority, Approvals and Consents. D CONSENTS The Companies have Company has the corporate power and authority to enter into this Agreement and the documents referred to herein (the "Documents") to which they are it is a party and to perform their its obligations hereunder and thereunder. The execution, delivery and performance of this Agreement and the Documents to which they are it is a party and the consummation of the transactions contemplated hereby and thereby have been duly authorized and approved by the Board of Directors of each of the Companies Company and no other corporate proceedings on the part of the Companies are Company is necessary to authorize and approve this Agreement and the Documents and the transactions contemplated hereby and thereby. This Agreement has been, and on the Closing Date the Documents will be, duly executed and delivered by, and constitute valid and binding obligations of, each of the CompaniesCompany, enforceable against the Companies Company in accordance with their respective its terms. The execution, delivery and performance by each of the Companies Company, the Stockholder and the Stockholders Xx. Xxxxx of this Agreement and the Documents to which it or they are a party and the consummation of the transactions contemplated hereby and thereby do not and will not:

Appears in 1 contract

Samples: Stock Purchase Agreement (United Auto Group Inc)

Authority, Approvals and Consents. The Companies have the corporate power and authority to enter into this Agreement and the documents referred to herein (the "Documents") to which they are a party and to perform their obligations hereunder and thereunder. The execution, delivery and performance of this Agreement and the Documents to which they are a party and the consummation of the transactions contemplated hereby and thereby have been duly authorized and approved by the Board of Directors of each of the Companies and no other corporate proceedings on the part of the Companies are necessary to authorize and approve this Agreement and the Documents and the transactions contemplated hereby and thereby. This Agreement has been, and on the Closing Date the Documents will be, duly executed and delivered by, and constitute valid and binding obligations of, each of the Companies, enforceable against the Companies in accordance with their respective terms. The execution, delivery and performance by each of the Companies and the Stockholders of this Agreement and the Documents to which it or they are he is a party and the consummation of the transactions contemplated hereby and thereby do not and will not:

Appears in 1 contract

Samples: Stock Purchase Agreement (United Auto Group Inc)

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