Common use of Authority; Execution and Delivery Clause in Contracts

Authority; Execution and Delivery. The execution and delivery by the Purchaser of this Agreement and the consummation by the Purchaser of the Transactions have been duly authorized and approved by the Board of Directors of the Purchaser and no other corporate proceedings on the part of the Purchaser are necessary to authorize this Agreement and the Transactions. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with the terms hereof, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws and equity principles related to or limiting creditors’ rights generally and by general principals of equity.

Appears in 4 contracts

Samples: Asset Acquisition Agreement, Asset Acquisition Agreement (Icon Vapor, Inc.), Asset Acquisition Agreement (Claridge Ventures, Inc.)

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Authority; Execution and Delivery. The Seller has all requisite corporate power and authority to execute and deliver this Agreement and to consummate the Transactions. The execution and delivery by the Purchaser Seller of this Agreement and the consummation by the Purchaser Seller of the Transactions have been duly authorized and approved by the Board of Directors of the Purchaser Seller and no other corporate proceedings on the part of the Purchaser Seller are necessary to authorize this Agreement and the Transactions. This When executed and delivered, this Agreement constitutes a legal, valid and binding obligation of the Purchaser, will be enforceable against the Purchaser Seller in accordance with the terms hereofits terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws and equity principles related to or limiting creditors’ rights generally and by general principals of equity.

Appears in 3 contracts

Samples: Asset Acquisition Agreement, Asset Acquisition Agreement (Claridge Ventures, Inc.), Asset Acquisition Agreement (Fero Industries, Inc.)

Authority; Execution and Delivery. The execution and delivery by the Purchaser of this Agreement and the consummation by the Purchaser of the Transactions acquisition contemplated herein have been duly authorized and approved by the Board of Directors of the Purchaser and no other corporate proceedings on the part of the Purchaser are necessary to authorize this Agreement and the TransactionsAgreement. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with the terms hereof, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws and equity principles related to or limiting creditors’ rights generally and by general principals of equity.

Appears in 1 contract

Samples: Equipment Purchase Agreement (Amarok Resources, Inc.)

Authority; Execution and Delivery. The Seller has all requisite corporate power and authority to execute and deliver this Agreement and to consummate the Acquisition. The execution and delivery by the Purchaser Seller of this Agreement and the consummation by the Purchaser Seller of the Transactions Acquisition have been duly authorized and approved by the Board of Directors and the stockholders of the Purchaser Seller and no other corporate proceedings on the part of the Purchaser Seller are necessary to authorize this Agreement and the TransactionsAcquisition. This When executed and delivered, this Agreement constitutes a legal, valid and binding obligation of the Purchaser, will be enforceable against the Purchaser Seller in accordance with the terms hereofits terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws and equity principles related to or limiting creditors’ rights generally and by general principals of equity.

Appears in 1 contract

Samples: Asset Acquisition Agreement (Sweetwater Resources, Inc.)

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Authority; Execution and Delivery. The execution and delivery by the Purchaser of this Agreement and the consummation by the Purchaser of the Transactions Acquisition have been duly authorized and approved by the Board of Directors of the Purchaser and no other corporate proceedings on the part of the Purchaser are necessary to authorize this Agreement and the TransactionsAcquisition. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with the terms hereof, except as may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws and equity principles related to or limiting creditors’ rights generally and by general principals of equity.

Appears in 1 contract

Samples: Asset Acquisition Agreement (Sweetwater Resources, Inc.)

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