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

Authority; Binding Nature of Agreements. The Seller has the requisite power and authority to execute, deliver and perform this Agreement. This Agreement, when executed and delivered by the Seller, will constitute the legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as limited by (a) applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium, and other laws of general application relating to or affecting enforcement of creditors’ rights and equity principles generally and (b) laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

Appears in 7 contracts

Samples: Stock Purchase Agreement (Price Robert E), Stock Purchase Agreement (Price Robert E), Stock Purchase Agreement (Price Robert E)

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Authority; Binding Nature of Agreements. The (a) Seller has the requisite right, power and authority to execute, deliver enter into and to perform its obligations under this Agreement. . (b) The execution, delivery and performance by Seller of this Agreement have been duly authorized by all necessary action on the part of Seller and its members. (c) This Agreement, when executed and delivered by the Seller, will constitute Agreement constitutes the legal, valid and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, except as limited by subject to (ai) applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium, and other laws of general application relating to or affecting enforcement bankruptcy, insolvency and the relief of creditors’ rights and equity principles generally debtors and (bii) laws relating to the availability rules of law governing specific performance, injunctive relief, or relief and other equitable remedies.

Appears in 1 contract

Samples: Asset Purchase Agreement (Exelixis Inc)

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