Common use of AUTHORITY APPROVALS Clause in Contracts

AUTHORITY APPROVALS. (i) Purchaser represents and warrants to the Company that (a) the execution and delivery of this Agreement and the other Transaction Documents to which it is a party and the purchase of the Shares to be purchased by it have been duly and properly authorized, (b) this Agreement and the other Transaction Documents to which it is a party have been duly executed and delivered by it or on its behalf and, assuming the accuracy of the representations and warranties of the Company in Section 3.1(d) hereof, constitute the valid and legally binding obligations of Purchaser, enforceable against it in accordance with their respective terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors' rights generally and to general principles of equity; (c) the purchase of the Shares to be purchased by it does not conflict with or violate (1) its partnership agreement or (2) any law applicable to it in a manner that could materially hinder or impair the completion of any of the transactions contemplated hereby; and (d) the purchase of Shares to be purchased by it does not impose any penalty or other onerous condition on Purchaser that could materially hinder or impact the completion of any of the transactions contemplated hereby.

AUTHORITY APPROVALS. (i) Purchaser represents and warrants to the Company that (a) the The execution and delivery of this Agreement and the other Transaction Documents to which it such Purchaser is a party and the purchase of the Shares to be purchased by it have been duly and properly authorized, (b) this . This Agreement and the other Transaction Documents to which it such Purchaser is a party have been duly executed and delivered by it or on its behalf and, assuming the accuracy of the representations and warranties of the Company in Section 3.1(d) hereof, constitute the valid and legally binding obligations of such Purchaser, enforceable against it in accordance with their respective terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors' rights generally and to general principles of equity; (c) the . The purchase of the Shares to be purchased by it such Purchaser does not conflict with or violate (1) its partnership agreement agreement, if applicable, or (2) any law applicable to it in a manner that could materially hinder or impair the completion of any of the transactions contemplated hereby; and (d) the . The purchase of Shares to be purchased by it such Purchaser does not impose any penalty or other onerous condition on such Purchaser that could materially hinder or impact the completion of any of the transactions contemplated hereby.