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

Authority; Binding Nature of Agreements. 1.1.1 Buyer has the absolute and unrestricted right, power and authority to enter into and to perform its obligations under this Agreement and all other agreements, certificates and instruments contemplated to be executed and delivered by Buyer in connection with this Agreement, and the execution, delivery and performance by Buyer of this Agreement and such other agreements, certificates and instruments have been duly authorized by all necessary action on the part of Buyer and its shareholders, Board of Directors and officers. Each of this Agreement and such other agreements, certificates and instruments constitutes, or upon execution and delivery will constitute, the legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, except as enforceability may be limited by bankruptcy and other similar laws affecting creditors rights.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Silk Botanicals Com Inc), Asset Purchase Agreement (Silk Botanicals Com Inc)

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Authority; Binding Nature of Agreements. 1.1.1 Buyer Seller has the absolute and unrestricted right, power and authority to enter into and to perform its obligations under this Agreement and all other agreements, certificates and instruments contemplated to be executed and delivered by Buyer Seller in connection with this Agreement, and the execution, delivery and performance by Buyer Seller of this Agreement and such other agreements, certificates and instruments have been duly authorized by all necessary action on the part of Buyer Seller and its shareholders, Board board of Directors directors and officers. Each of this Agreement and such other agreements, certificates and instruments constitutes, or upon execution and delivery will constitute, the legal, valid and binding obligation of BuyerSeller, enforceable against Buyer Seller in accordance with its terms, except as enforceability may be limited by bankruptcy and other similar laws affecting creditors rights.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Rio Vista Energy Partners Lp), Stock Purchase Agreement (Penn Octane Corp)

Authority; Binding Nature of Agreements. 1.1.1 Buyer Seller has the absolute and unrestricted right, power and authority to enter into and to perform its obligations under this Agreement and all other agreements, certificates and instruments contemplated to be executed and delivered by Buyer Seller in connection with this Agreement, and the execution, delivery and performance by Buyer Seller of this Agreement and such other agreements, certificates and instruments have been duly authorized by all necessary action on the part of Buyer Seller and its shareholders, Board of Directors and officers. Each of this This Agreement and such other agreements, certificates and instruments constitutesconstitute, or upon execution and delivery will constitute, the legal, valid and binding obligation of BuyerSeller, enforceable against Buyer Seller in accordance with its terms, except as enforceability may be limited by bankruptcy and other similar laws affecting creditors rights.

Appears in 1 contract

Samples: Asset Purchase Agreement (Silk Botanicals Com Inc)

Authority; Binding Nature of Agreements. 1.1.1 Buyer has the absolute and unrestricted right, power and authority to enter into and to perform its obligations under this Agreement and all other agreements, certificates and instruments Exhibit 2.3 contemplated to be executed and delivered by Buyer in connection with this Agreement, and the execution, delivery and performance by Buyer of this Agreement and such other agreements, certificates and instruments have been duly authorized by all necessary action on the part of Buyer and its shareholders, Board of Directors and officers. Each of this Agreement and such other agreements, certificates and instruments constitutes, or upon execution and delivery will constitute, the legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, except as enforceability may be limited by bankruptcy and other similar laws affecting creditors rights.

Appears in 1 contract

Samples: Stock Purchase Agreement (Silk Botanicals Com Inc)

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Authority; Binding Nature of Agreements. 1.1.1 Buyer has the absolute and unrestricted right, power and authority to enter into and to perform its obligations under this Agreement and all other agreements, certificates and instruments contemplated to be executed and delivered by Buyer in connection with this Agreement, and the execution, delivery and performance by Buyer of this Agreement and such other agreements, certificates and instruments have been duly authorized by all necessary action on the part of Buyer and its shareholders, Board of Directors and officers. Each of this Agreement and such other agreements, certificates and instruments constitutes, or upon execution and delivery will constitute, the legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, except as enforceability may be limited by bankruptcy and other similar laws affecting creditors rights.

Appears in 1 contract

Samples: Asset Purchase Agreement (Silk Botanicals Com Inc)

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