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

Authority; Binding Nature of Agreements. The Purchaser has the absolute and unrestricted right, power and authority to enter into and to perform its respective obligations under this Agreement and the other Transactional Agreements to which it is contemplated to be a party, and the execution, delivery and performance by the Purchaser of this Agreement and such Transactional Agreements have been duly authorized by all necessary action on the part of the Purchaser. This Agreement and the other Transactional Agreements constitute, or upon execution and delivery will constitute, the legal, valid and binding obligations of the Purchaser, enforceable against the Purchaser in accordance with their respective terms.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (NXT-Id, Inc.), Membership Interest Purchase Agreement (NXT-Id, Inc.)

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Authority; Binding Nature of Agreements. The Purchaser has the absolute and unrestricted right, power and authority to enter into and to perform its respective obligations under this Agreement and the other Transactional Agreements to which it is contemplated to be a partyAgreement, and the execution, execution and delivery and performance of this Agreement by the Purchaser of this Agreement and such Transactional Agreements have been duly authorized by all necessary action on the part of the PurchaserPurchaser and its board of directors. This Agreement and the other Transactional Agreements constitute, or upon execution and delivery will constitute, constitutes the legal, valid and binding obligations obligation of the Purchaser, enforceable against the Purchaser it in accordance with their respective its terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Kranem Corp), Asset Purchase Agreement (Vuance)

Authority; Binding Nature of Agreements. The Purchaser has the absolute and unrestricted right, power and authority to enter into and to perform its respective obligations under this Agreement and the other Transactional Agreements to which it is contemplated to be a partyAgreement, and the execution, execution and delivery and performance of this Agreement by the Purchaser of this Agreement and such Transactional Agreements have been duly authorized by all necessary action on the part of the Purchaser. This Agreement and the other Transactional Agreements constitute, or upon execution and delivery will constitute, constitutes the legal, valid and binding obligations obligation of the Purchaser, enforceable against the Purchaser in accordance with their respective its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Eagle Point Software Corp)

Authority; Binding Nature of Agreements. The Purchaser has the absolute and unrestricted right, power and authority to enter into and to perform its respective obligations under this Agreement and the other Transactional Agreements to which it is contemplated to be a partyAgreements, and the execution, execution and delivery and performance by of the Purchaser of this Agreement and such Transactional Agreements by Purchaser have been duly authorized by all necessary action on the part of the PurchaserPurchaser and its board of directors. This Agreement and the other The Transactional Agreements constitute, or upon execution and delivery will constitute, constitute the legal, valid and binding obligations of the Purchaser, enforceable against the Purchaser it in accordance with their respective terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Spatial Technology Inc)

Authority; Binding Nature of Agreements. The Purchaser has the absolute and unrestricted right, power and authority to enter into and to perform its respective obligations under this Agreement and the other Transactional Agreements to which it is contemplated to be a party, and the execution, delivery and performance by the Purchaser of this Agreement and such Transactional Agreements have been duly authorized by all necessary action on the part of the Purchaser. This Agreement and the other Transactional Agreements constitute, or upon execution and delivery will constitute, the legal, valid and binding obligations of the Purchaser, enforceable against the Purchaser in accordance with their respective termsAgreement.

Appears in 1 contract

Samples: Employment Agreement (Grom Social Enterprises, Inc.)

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Authority; Binding Nature of Agreements. The Purchaser has the absolute and unrestricted corporate right, power and authority to enter into and to perform its respective obligations under this Agreement and the other Transactional Agreements to which it is contemplated to be a partyAgreement, and the execution, execution and delivery and performance of this Agreement by the Purchaser of this Agreement and such Transactional Agreements have been duly authorized by all necessary corporate action on the part of the Purchaser. This Agreement and the other Transactional Agreements constitute, or upon execution and delivery will constitute, the legal, valid and binding obligations of the Purchaser, enforceable against the Purchaser in accordance with their respective terms.its board of

Appears in 1 contract

Samples: Asset Purchase Agreement (Horizon Organic Holding Corp)

Authority; Binding Nature of Agreements. The Purchaser has the absolute and unrestricted right, corporate power and authority to enter into and to perform its respective obligations under this Agreement and each of the other Transactional Agreements to which it is contemplated to be a partyTransaction Documents, and the execution, execution and delivery and performance by the Purchaser of this Agreement and such Transactional Agreements have each Transaction Document has been duly authorized by all necessary corporate action on the part of the PurchaserPurchaser (including any required shareholder approvals). This Agreement and the other Transactional Agreements constitute, or upon execution and delivery will constitute, Each Transaction Document constitutes the legal, valid and binding obligations of the Purchaservalid, enforceable against the Purchaser in accordance with their respective terms.and

Appears in 1 contract

Samples: Asset Purchase Agreement (PhaseBio Pharmaceuticals Inc)

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