Common use of Authority; Binding Obligation Clause in Contracts

Authority; Binding Obligation. The Shareholder has all necessary power and authority to enter into this Shareholder Agreement and perform all of the Shareholder’s obligations hereunder. This Shareholder Agreement has been duly and validly executed and delivered by the Shareholder (and the Shareholder’s spouse, if the Shares (as defined below) constitute community property under applicable law) and constitutes a valid and legally binding obligation of the Shareholder and such spouse, enforceable against the Shareholder and such spouse, as the case may be, in accordance with its terms.

Appears in 5 contracts

Samples: Merger Agreement (FCB Bancorp), Shareholder Agreement (FCB Bancorp), Shareholder Agreement (National Mercantile Bancorp)

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Authority; Binding Obligation. The Shareholder has all necessary power and authority to enter into this Shareholder Agreement and perform all of the Shareholder’s obligations hereunder. This Shareholder Agreement has been duly and validly executed and delivered by the Shareholder (and the Shareholder’s spouse, if the Shares (as defined below) constitute community property under applicable law) and constitutes a valid and legally binding obligation of the Shareholder and such spouseShareholder, enforceable against the Shareholder and such spouse, as the case may be, in accordance with its terms.

Appears in 3 contracts

Samples: Voting Agreement (Crested Corp), Voting Agreement (Us Energy Corp), Voting Agreement (Us Energy Corp)

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Authority; Binding Obligation. The Shareholder Stockholder has all necessary power and authority to enter into this Shareholder Agreement and perform all of the ShareholderStockholder’s obligations hereunder. This Shareholder Agreement has been duly and validly executed and delivered by the Shareholder Stockholder (and the ShareholderStockholder’s spouse, if the Shares (as defined below) constitute community property under applicable law) and constitutes a valid and legally binding obligation of the Shareholder Stockholder and such spouse, enforceable against the Shareholder Stockholder and such spouse, as the case may be, in accordance with its terms.

Appears in 1 contract

Samples: Voting Agreement (Sonus Pharmaceuticals Inc)

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