Common use of Authority; Binding Nature of Agreement Clause in Contracts

Authority; Binding Nature of Agreement. Parent and Merger Sub have the absolute and unrestricted right, power and authority to perform their obligations under this Agreement; and the execution, delivery and performance by Parent and Merger Sub of this Agreement have been duly authorized by all necessary action on the part of Parent and Merger Sub and their respective boards of directors. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger Sub, enforceable against them in accordance with its terms, subject to (i) laws of general application relating to bankruptcy, insolvency and the relief of debtors, and (ii) rules of law governing specific performance, injunctive relief and other equitable remedies.

Appears in 10 contracts

Samples: Agreement and Plan of Merger and Reorganization (Exelixis Inc), Agreement and Plan of Merger (Clarent Corp/Ca), Agreement and Plan of Merger and Reorganization (Agritope Inc)

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Authority; Binding Nature of Agreement. Parent and Merger Sub have the absolute and unrestricted right, power and authority to perform their obligations under this Agreement; and the execution, delivery and performance by Parent and Merger Sub of this Agreement have been duly authorized by all any necessary action on the part of Parent and Merger Sub and their respective boards of directors. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger Sub, enforceable against them in accordance with its terms, subject to to: (ia) laws of general application relating to bankruptcy, insolvency and the relief of debtors, ; and (iib) rules of law governing specific performance, injunctive relief and other equitable remedies.

Appears in 7 contracts

Samples: Agreement and Plan of Merger (Rae Systems Inc), Agreement and Plan of Merger (Foundry Networks Inc), Agreement and Plan of Merger (Zilog Inc)

Authority; Binding Nature of Agreement. Parent and Merger Acquisition Sub have the absolute and unrestricted right, power and authority to perform their obligations under this Agreement; and the execution, delivery and performance by Parent and Merger Acquisition Sub of this Agreement have been duly authorized by all any necessary action on the part of Parent and Merger Acquisition Sub and their respective boards of directors. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger Acquisition Sub, enforceable against them in accordance with its terms, subject to to: (ia) laws of general application relating to bankruptcy, insolvency and the relief of debtors, ; and (iib) rules of law governing specific performance, injunctive relief and other equitable remedies.

Appears in 6 contracts

Samples: Agreement and Plan of Merger and Reorganization (Sonic Solutions/Ca/), Agreement and Plan of Merger and Reorganization (Rovi Corp), Agreement and Plan of Merger (Green Mountain Coffee Roasters Inc)

Authority; Binding Nature of Agreement. Parent and Merger Sub have the absolute and unrestricted right, power and authority to perform their obligations under this Agreement; Agreement and the execution, delivery and performance by Parent and Merger Sub of this Agreement have been duly authorized by all necessary action on the part of the respective boards of directors of Parent and Merger Sub and their respective boards of directorsSub. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger Sub, enforceable against them in accordance with its their terms, subject to (i) laws of general application relating to bankruptcy, insolvency and the relief of debtors, and (ii) rules of law governing specific performance, injunctive relief and other equitable remedies.

Appears in 4 contracts

Samples: Agreement and Plan of Merger and Reorganization (Website Pros Inc), Agreement and Plan of Merger and Reorganization (Website Pros Inc), Agreement and Plan of Merger and Reorganization (WEB.COM, Inc.)

Authority; Binding Nature of Agreement. Parent and Merger Sub have the absolute and unrestricted right, all necessary corporate power and authority to perform their obligations under this Agreement; , and the execution, delivery and performance by Parent and the Merger Sub of this Agreement have been duly authorized by all necessary action on the part of Parent and Parent, Merger Sub and their respective boards of directors. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger Sub, enforceable against them in accordance with its terms, subject to (ia) laws of general application relating to bankruptcy, insolvency and the relief of debtors, debtors and (iib) rules of law governing specific performance, injunctive relief and other equitable remedies.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (PTC Therapeutics, Inc.), Agreement and Plan of Merger (Chimerix Inc)

Authority; Binding Nature of Agreement. Parent and Merger Sub have the absolute and unrestricted right, power and authority to perform their obligations under this Agreement; , and the execution, delivery and performance by Parent and Merger Sub of this Agreement have been duly authorized by all necessary action on the part of Parent and Parent, Merger Sub and their respective boards of directors. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger Sub, enforceable against them in accordance with its terms, subject to (ia) laws of general application relating to bankruptcy, insolvency and the relief of debtors, and (iib) rules of law governing specific performance, injunctive relief and other equitable remedies.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Millennial Media Inc.)

Authority; Binding Nature of Agreement. Parent and Merger Acquisition Sub have the absolute and unrestricted right, power and authority to perform their obligations under this Agreement; and the execution, delivery and performance by Parent and Merger Acquisition Sub of this Agreement have been duly authorized by all necessary action on the part of Parent and Merger Acquisition Sub and their respective boards of directors. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger Acquisition Sub, enforceable against them in accordance with its terms, subject to (ia) laws of general application relating to bankruptcy, insolvency and the relief of debtors, debtors and (iib) rules of law governing specific performance, injunctive relief and other equitable remedies.. 3.2

Appears in 1 contract

Samples: Share Purchase Agreement (Dionex Corp /De)

Authority; Binding Nature of Agreement. Parent and Merger Sub have the absolute and unrestricted right, power and authority to perform their obligations under this Agreement; , and the execution, delivery and performance by Parent and Merger Sub of this Agreement have been duly authorized by all necessary action on the part of Parent and Merger Sub and their respective boards of directors. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger Sub, enforceable against them in accordance with its terms, subject to (i) laws of general application relating to bankruptcy, insolvency and the relief of debtors, and (ii) rules of law governing specific performance, injunctive relief and other equitable remedies.

Appears in 1 contract

Samples: Agreement and Plan (Exchange Applications Inc)

Authority; Binding Nature of Agreement. Parent and Merger Acquisition Sub have the absolute and unrestricted full right, power and authority to execute and deliver and perform their obligations under this Agreement; and the execution, delivery and performance by Parent and Merger Acquisition Sub of this Agreement have been duly authorized by all necessary action on the part of Parent and Merger Acquisition Sub and their respective boards of directors. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger Acquisition Sub, enforceable against them in accordance with its terms, subject to (i) laws of general application relating to bankruptcy, insolvency and the relief of debtors, and (ii) rules of law governing specific performance, injunctive relief and other equitable remedies.

Appears in 1 contract

Samples: Ii Agreement and Plan of Merger (Cubic Corp /De/)

Authority; Binding Nature of Agreement. Parent and Merger Sub have the absolute and unrestricted right, power and authority to perform their obligations under this Agreement; , and the execution, delivery and performance by Parent and Merger Sub of this Agreement have been duly authorized by all necessary action on the part of Parent and Parent, Merger Sub and their respective boards of directors. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger Sub, enforceable against them in accordance with its terms, subject to (i) laws of general application relating to bankruptcy, insolvency and the relief of debtors, and (ii) rules of law governing specific performance, injunctive relief and other equitable remedies.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Global Sports Inc)

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Authority; Binding Nature of Agreement. Parent and Merger Sub have the absolute and unrestricted right, power and authority to perform their obligations under this Agreement; and the . The execution, delivery and performance by Parent and Merger Sub of this Agreement have been duly authorized by all necessary action on the part of Parent and Merger Sub and their respective boards of directors. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger Sub, enforceable against them in accordance with its terms, subject to (i) laws of general application relating to bankruptcy, insolvency and the relief of debtors, and (ii) rules of law governing specific performance, injunctive relief and other equitable remedies.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Caere Corp)

Authority; Binding Nature of Agreement. Parent and Merger Sub Subs have the absolute and unrestricted right, power and authority to perform their obligations under this Agreement; and the execution, delivery and performance by Parent and Merger Sub Subs of this Agreement have been duly authorized by all any necessary action on the part of Parent and Merger Sub Subs and their respective boards of directorsdirectors or managers. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger SubSubs, enforceable against them in accordance with its terms, subject to to: (ia) laws of general application relating to bankruptcy, insolvency and the relief of debtors, ; and (iib) rules of law governing specific performance, injunctive relief and other equitable remedies.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Mikohn Gaming Corp)

Authority; Binding Nature of Agreement. Subject to the approval of Parent's stockholders, Parent and Merger Sub have the absolute and unrestricted right, power and authority to perform their obligations under this Agreement; and the execution, delivery and performance by Parent and Merger Sub of this Agreement have been duly authorized by all necessary action on the part of the respective boards of directors of Parent and Merger Sub and their respective boards of directorsSub. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger Sub, enforceable against them in accordance with its their terms, subject to (i) laws of general application relating to bankruptcy, insolvency and the relief of debtors, and (ii) rules of law governing specific performance, injunctive relief and other equitable remedies.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Prime Response Inc/De)

Authority; Binding Nature of Agreement. Parent and Merger Sub have the absolute and unrestricted requisite right, power and authority to perform their obligations under this Agreement; and the execution, delivery and performance by Parent and Merger Sub of this Agreement have been duly authorized by all necessary action on the part of Parent and Merger Sub and their respective boards of directors. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger Sub, enforceable against them in accordance with its terms, subject to (i) laws of general application relating to bankruptcy, insolvency and the relief of debtors, and (ii) rules of law governing specific performance, injunctive relief and other equitable remedies.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Cysive Inc)

Authority; Binding Nature of Agreement. Parent and Merger Acquisition Sub have the absolute and unrestricted right, all necessary corporate power and authority to enter into and to perform their obligations under this Agreement; and the execution, delivery and performance by Parent and Merger Acquisition Sub of this Agreement have been duly authorized by all any necessary action on the part of Parent and Merger Acquisition Sub and their respective boards of directors. This Agreement constitutes the legal, valid and binding obligation of Parent and Merger Acquisition Sub, enforceable against them in accordance with its terms, subject to (i) laws of general application relating to bankruptcy, insolvency and the relief of debtors, and (ii) rules of law governing specific performance, injunctive relief and other equitable remedies.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Synopsys Inc)

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