Common use of Authority; Authorization of Agreement Clause in Contracts

Authority; Authorization of Agreement. Seller has all requisite power and authority to execute and deliver this Agreement and the Operative Documents to which it is a party, to consummate the transactions contemplated by this Agreement and the Operative Documents to which it is a party and to perform all of its obligations under this Agreement and the Operative Documents to which it is a party. The execution, delivery and performance by Seller of this Agreement have been duly and validly authorized and approved by all necessary action on the part of Seller. This Agreement constitutes, and the Operative Documents to which it is a party, when executed and delivered by Seller, shall constitute, the valid and binding obligations of Seller, enforceable against it in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency or other Laws relating to or affecting the enforcement of creditors’ rights and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (EP Energy LLC), Purchase and Sale Agreement (Atlas Resource Partners, L.P.)

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Authority; Authorization of Agreement. Seller Buyer has all requisite power and authority to execute and deliver this Agreement and the Operative Documents to which it is a party, to consummate the transactions contemplated by this Agreement and the Operative Documents to which it is a party and to perform all of its obligations under this Agreement and the Operative Documents to which it is a party. The execution, delivery and performance by Seller Buyer of this Agreement have been duly and validly authorized and approved by all necessary action on the part of SellerBuyer. This Agreement constitutes, and the Operative Documents to which it is a party, when executed and delivered by SellerBuyer, shall constitute, the valid and binding obligations obligation of SellerBuyer, enforceable against it in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency or other Laws relating to or affecting the enforcement of creditors’ rights and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (EP Energy LLC), Purchase and Sale Agreement (Atlas Resource Partners, L.P.)

Authority; Authorization of Agreement. Seller Xxxxx has all requisite power and authority to execute and deliver this Agreement and the Operative Documents to which it is a party, to consummate the transactions contemplated by this Agreement and the Operative Documents to which it is a party and to perform all of its obligations under this Agreement and the Operative Documents to which it is a party. The execution, delivery and performance by Seller Buyer of this Agreement have been duly and validly authorized and approved by all necessary action on the part of SellerBuyer. This Agreement constitutes, and the Operative Documents to which it is a party, when executed and delivered by SellerXxxxx, shall constitute, the valid and binding obligations obligation of SellerBuyer, enforceable against it in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency or other Laws relating to or affecting the enforcement of creditors’ rights and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

Appears in 1 contract

Samples: Purchase and Sale Agreement

Authority; Authorization of Agreement. Each Seller has all requisite power and authority to execute and deliver this Agreement and the Operative Documents to which it is a party, to consummate the transactions contemplated by this Agreement and the Operative Documents to which it is a party and to perform all of its obligations under this Agreement and the Operative Documents to which it is a party. The execution, delivery and performance by Seller of this This Agreement have has been duly executed and validly authorized and approved delivered by all necessary action on the part of Seller. This Agreement constitutes, and the Operative Documents to which it is a party, have been duly authorized by all necessary action of Seller and this Agreement constitutes, and the Operative Documents, when executed and delivered by Seller, shall constitute, the valid and binding obligations obligation of Seller, enforceable against it in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency or other Laws relating to or affecting the enforcement of creditors’ rights and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

Appears in 1 contract

Samples: Purchase and Sale Agreement (EP Energy LLC)

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Authority; Authorization of Agreement. Seller Buyer has all requisite power and authority to execute and deliver this Agreement and the Operative Documents to which it is a party, to consummate the transactions contemplated by this Agreement and the Operative Documents to which it is a party and to perform all of its obligations under this Agreement and the Operative Documents to which it is a party. The execution, delivery and performance by Seller of this This Agreement have has been duly executed and validly authorized and approved delivered by all necessary action on the part of SellerBuyer. This Agreement constitutes, and the Operative Documents to which it is a party, have been duly authorized by all necessary action of Buyer and this Agreement constitutes, and the Operative Documents, when executed and delivered by SellerBuyer, shall constitute, the valid and binding obligations obligation of SellerBuyer, enforceable against it in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency or other Laws relating to or affecting the enforcement of creditors’ rights and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

Appears in 1 contract

Samples: Purchase and Sale Agreement (EP Energy LLC)

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