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

Authority; Binding Nature of Agreements. Buyer has all requisite corporate power and authority to execute and deliver this Agreement and all other Transaction Documents to which it is a party and to carry out the provisions of this Agreement and the other Transaction Documents. The execution, delivery and performance by Buyer of this Agreement and the other Transaction Documents have been approved by all requisite action on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer. Each of this Agreement and the other Transaction Documents constitutes, or upon execution and delivery, will constitute, the legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms.

Appears in 2 contracts

Samples: Share Purchase Agreement (Smith Micro Software Inc), Share Purchase Agreement (Smith Micro Software Inc)

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Authority; Binding Nature of Agreements. Buyer Seller has all requisite corporate power and authority to execute and deliver this Agreement and all other Transaction Documents Agreements to which it is a party and to carry out the provisions of this Agreement and the other Transaction DocumentsAgreements. The execution, delivery and performance by Buyer Seller of this Agreement and the other Transaction Documents Agreements have been approved by all requisite action on the part of BuyerSeller. This Agreement has been duly and validly executed and delivered by BuyerSeller. Each of this Agreement and the other Transaction Documents Agreements 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.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Odimo INC), Asset Purchase Agreement (Odimo INC)

Authority; Binding Nature of Agreements. Buyer The Seller has all requisite corporate the absolute and unrestricted right, power and authority to execute and deliver this Agreement and all other Transaction Documents to which it is a party enter into and to carry out the provisions of perform its respective obligations under this Agreement and the other Transaction Documents. The Transactional Agreements to which it is contemplated to be a party, and the execution, delivery and performance by Buyer the Seller of this Agreement and the other Transaction Documents such Transactional Agreements have been approved duly authorized by all requisite necessary action on the part of Buyerthe Seller. This Agreement has been duly and validly executed and delivered by Buyer. Each of this Agreement and the other Transaction Documents constitutesTransactional Agreements constitute, or upon execution and delivery, delivery will constitute, the legal, valid and binding obligation obligations of Buyerthe Seller, enforceable against Buyer the Seller in accordance with its 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. Buyer Seller has all requisite corporate power and authority to execute execute, deliver and deliver this Agreement and all other Transaction Documents to which it is a party and to carry out the provisions of this Agreement and the other Transaction DocumentsAgreements. The execution, delivery and performance by Buyer Seller of this Agreement and the other Transaction Documents Agreements have been approved by all requisite action on the part of BuyerSeller, including the approval of the members of Seller. This Agreement has been duly and validly executed and delivered by BuyerSeller. Each of this Agreement and the other Transaction Documents Agreements 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 may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws and equitable principles related to or limiting creditors’ rights generally and by general principles of equity.

Appears in 1 contract

Samples: Intellectual Property Purchase Agreement (Playbutton Acquisition Corp.)

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