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

Authority; Binding Nature of Agreements. (a) The Seller has the absolute and unrestricted right, power and authority to enter into and to perform its obligations under each of the Transactional Agreements to which it is or may become a party.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Local Matters Inc.), Asset Purchase Agreement (Local Matters Inc.), Asset Purchase Agreement (Local Matters Inc.)

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Authority; Binding Nature of Agreements. (a) The Seller has the absolute and unrestricted right, power and authority to enter into and to perform its obligations under each of the Transactional Agreements to which it is or may become becomes a party.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Portola Pharmaceuticals Inc), Asset Purchase Agreement (Portola Pharmaceuticals Inc)

Authority; Binding Nature of Agreements. (a) The Seller has the absolute and unrestricted right, power and authority to enter into and to perform its obligations under each of the Transactional Agreements to which it is or may become a partythis Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Alliance Pharmaceutical Corp), Asset Purchase Agreement (Exelixis Inc)

Authority; Binding Nature of Agreements. (a) The Seller has the absolute and unrestricted right, power and authority to enter into and to perform its obligations under each this Agreement; and the execution, delivery and performance by the Seller of this Agreement have been duly authorized by all necessary action on the part of the Transactional Agreements to which it is or may become a partySeller. This Agreement constitutes the legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Sagamore Holdings Inc), Asset Purchase Agreement (Jaco Electronics Inc)

Authority; Binding Nature of Agreements. (a) The execution, delivery and performance by each Seller has the absolute and unrestricted right, power and authority to enter into and to perform its obligations under each of the Transactional Agreements to which it is or may become a partyparty have been duly authorized by all necessary action on the part of such Seller and its stockholders, board of directors and officers. This Agreement and each of the other Transactional Agreements, when executed by a Seller, will constitute the legal, valid and binding obligation of such Seller, enforceable against it in accordance with its terms.

Appears in 1 contract

Samples: Share Purchase Agreement (Minghua Group International Holdings LTD)

Authority; Binding Nature of Agreements. (a) The Seller has the absolute all requisite corporate and unrestricted right, other power and authority to enter into execute and to perform its obligations under each of the Transactional deliver this Agreement and all other Transaction Agreements to which it is or may become a partyparty and to carry out the provisions of this Agreement and the other Transaction Agreements.

Appears in 1 contract

Samples: Asset Purchase Agreement (Novavax Inc)

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Authority; Binding Nature of Agreements. (a) The Seller As to such Seller, (i) he or she, as the case may be, has the absolute and unrestricted right, power and authority capacity to enter into and to perform its his or her obligations under each of the Transactional Agreements to which it he or she is or may become a partyparty and (ii) this 29 Agreement and each of the other Transactional Documents to which such Seller is a party (assuming the valid execution by all parties other than such Seller) constitute the legal, valid and binding obligations of such Seller, enforceable against such Seller in accordance with their terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Endwave Corp)

Authority; Binding Nature of Agreements. (a) The Seller has the absolute and unrestricted right, all requisite corporate power and authority to enter into execute and deliver this Agreement and to perform its obligations under each carry out the provisions of this Agreement. Each Seller Entity has all requisite corporate power and authority to execute and deliver the Transactional other Transaction Agreements to which it such Seller Entity is or may become a party and to carry out the provisions of the other Transaction Agreements to which such Seller Entity is a party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Merit Medical Systems Inc)

Authority; Binding Nature of Agreements. (a) The Seller has the absolute and unrestricted right, all requisite corporate power and authority to enter into execute and deliver this Agreement and to perform its obligations under each carry out the provisions of this Agreement. Each Selling Party has all requisite corporate power and authority to execute and deliver the Transactional other Transaction Agreements to which it is or may become a party and to carry out the provisions of the other Transaction Agreements to which it is a party.

Appears in 1 contract

Samples: Asset Purchase Agreement (STERIS PLC)

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