Common use of Authority; Binding Effect Clause in Contracts

Authority; Binding Effect. The Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement has been duly and validly executed and delivered by the Purchaser and (assuming the due execution and delivery thereof by the Seller) constitutes the legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms.

Authority; Binding Effect. The Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. All corporate action on the part of the Purchaser and its officers, directors and shareholders necessary for the authorization, execution and delivery of this Agreement and the performance of all of its obligations hereunder, including the purchase of the Sale Shares, have been taken prior to the Closing. This Agreement has been duly and validly executed and delivered by the Purchaser and (assuming the due execution and delivery thereof by the Seller) constitutes the legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms.

Authority; Binding Effect. The Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. All corporate action on the part of the Purchaser and its officers, directors and shareholders necessary for the authorization, execution and delivery of this Agreement and the performance by the Purchaser of all of its obligations hereunder, including the purchase of the Sale Shares pursuant to this Agreement, have been taken prior to the Closing. This Agreement has been duly and validly executed and delivered by the Purchaser and (assuming the due execution and delivery thereof by the Seller) constitutes the legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms.

Authority; Binding Effect. The Purchaser has the all requisite corporate power and authority to own and operate its properties and assets, to execute and deliver this Agreement and the Ancillary Agreements and to perform its obligations hereunderhereunder and thereunder. This Agreement has been duly and validly executed and delivered by the Purchaser and (assuming the due The execution and delivery thereof by Purchaser of this Agreement and the Seller) constitutes Ancillary Agreements and the legal, valid performance by Purchaser of its obligations hereunder and binding obligation thereunder have been duly authorized by all requisite corporate action on the part of the Purchaser, enforceable against the Purchaser in accordance with its terms.

Authority; Binding Effect. The Purchaser has the requisite corporate all necessary partnership power and authority to execute enter into and deliver perform its obligations under this Agreement and to perform its obligations hereunderconsummate the transactions contemplated hereby. The execution and delivery of this Agreement have been duly and validly authorized by all necessary partnership action on the part of the Purchaser for such authorization. This Agreement has been duly and validly executed and delivered by the Purchaser and (assuming the due execution and delivery thereof by the Seller) constitutes the legal, a valid and binding obligation agreement of the Purchaser, enforceable against the Purchaser in accordance with its terms.

Authority; Binding Effect. The Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement has been duly and validly executed and delivered by the Purchaser and (assuming the due execution and delivery thereof by the SellerSeller and the Founder) constitutes the legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms.

Authority; Binding Effect. The Purchaser has the all requisite corporate power and authority to execute and deliver this Agreement Agreement. All necessary action, corporate or otherwise, required to have been taken by or on behalf of the Purchaser under any applicable law, its charter documents or otherwise to authorize (a) the approval, execution and to perform delivery on its behalf of this Agreement, and (b) its performance of its obligations hereunderunder this Agreement has been taken. This Agreement has been duly and validly executed and delivered by the Purchaser and (assuming the due execution and delivery thereof by the Seller) constitutes the legal, valid and binding obligation agreement of the Purchaser, enforceable against the Purchaser it in accordance with its terms.

Authority; Binding Effect. The Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement has been duly and validly executed and delivered by the Purchaser and (assuming the due execution and delivery thereof by the SellerSellers) constitutes the legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms.

Authority; Binding Effect. The Purchaser has the all requisite corporate power and authority to own and operate its properties and assets, to carry on its business as it is now being conducted and to execute and deliver this Agreement and to perform its obligations hereunderhereunder and thereunder. This Agreement has and the performance by Purchaser of its obligations hereunder and thereunder have been duly and validly executed and delivered authorized by all requisite corporate action, except for the Purchaser and (assuming the due execution and delivery thereof by the Seller) Stockholder Approval. This Agreement constitutes the legal, valid and binding obligation obligations of the Purchaser, enforceable against the Purchaser in accordance with its termsPurchase.

Authority; Binding Effect. The Purchaser has the requisite corporate power authority to own property and authority carry on business, to execute and deliver this Agreement and the other instruments and documents required or contemplated hereby, to perform its the obligations hereunder, and to consummate this Agreement. This Agreement has been duly and validly executed and delivered by the Purchaser and (assuming the due execution and delivery thereof by the Seller) constitutes the a legal, valid valid, and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its termsterms and the other agreements required or contemplated hereby to be executed by the Purchaser.

Authority; Binding Effect. The Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement consummate the transactions contemplated hereby and each has been duly and validly executed and delivered taken (or by the Purchaser and (assuming the due Closing Date will have taken) all action required by law, its Articles of Incorporation, by-laws or otherwise to authorize such execution and delivery thereof by and the Seller) consummation of the transactions contemplated hereby. The execution, delivery, and performance of this Agreement constitutes the legal, valid and binding obligation agreement of the Purchaser, Purchaser enforceable against the Purchaser in accordance with its terms.

Authority; Binding Effect. The Purchaser has the all requisite corporate power and authority to execute enter into and deliver perform its obligations under this Agreement and to perform consummate the transactions contemplated hereby. The execution and delivery by the Purchaser of this Agreement, the performance by it of its obligations hereunderhereunder and the consummation by it of the transactions contemplated hereby have been duly and validly authorized by all necessary corporate action on the part of the Purchaser. This Agreement has been duly and validly executed and delivered by the Purchaser and (assuming the due execution and delivery thereof by the Seller) constitutes the a legal, valid and binding obligation agreement of the Purchaser, enforceable against the Purchaser it in accordance with its termsthe terms hereof.

Authority; Binding Effect. The Such Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement has been duly and validly executed and delivered by the such Purchaser and (assuming the due execution and delivery thereof by the Seller) constitutes the legal, valid and binding obligation of the such Purchaser, enforceable against the such Purchaser in accordance with its terms.

Authority; Binding Effect. The Purchaser has the requisite corporate power full power, capacity and authority to execute and deliver this Agreement. Upon execution, this Agreement and to perform its obligations hereunder. This Agreement has been duly and validly executed and delivered by the Purchaser and (assuming the due execution and delivery thereof by the Seller) constitutes the legal, will constitute a valid and binding obligation agreement of the Purchaser, enforceable against the Purchaser him in accordance with its terms.

Authority; Binding Effect. The Purchaser Buyer has the all requisite corporate partnership power and authority to execute and deliver this Agreement and Agreement, to perform its obligations hereunderhereunder and to consummate the transactions contemplated hereby, and no further corporate proceedings on the part of or with respect to Buyer are necessary to approve and authorize the execution and delivery of this Agreement, the performance by Buyer of its obligations hereunder or the consummation of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the Purchaser Buyer and (assuming the due execution and delivery thereof by the Seller) constitutes the a legal, valid and binding obligation agreement of the PurchaserBuyer, enforceable against the Purchaser Buyer in accordance with its terms.

Authority; Binding Effect. The Purchaser has the all requisite corporate power and authority to execute enter into and deliver perform its obligations under this Agreement and to perform its obligations hereunderconsummate the transactions contemplated hereby. This The execution and delivery by the Purchaser of this Agreement has been duly and validly executed and delivered by the Purchaser and (assuming the due execution and delivery thereof by the Seller) constitutes the legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms.validly

Authority; Binding Effect. The Purchaser has the requisite corporate full power and authority to execute and deliver enter into this Agreement and to perform its obligations hereundercarry out the transactions contemplated hereby. This Agreement Purchaser has been duly taken all action required by law and validly executed and delivered by Purchaser to authorize the Purchaser and (assuming the due execution and delivery thereof by of this Agreement and the Seller) constitutes transactions contemplated hereby. The execution, delivery, and performance of this Agreement constitute the legal, valid and binding obligation agreement of the Purchaser, Purchaser enforceable against the Purchaser in accordance with its terms.

Authority; Binding Effect. The Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement has been duly and validly executed and delivered by the Purchaser and (assuming the due execution and delivery thereof by the SellerSellers) constitutes the legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms.