Common use of Authority; No Breach By Agreement Clause in Contracts

Authority; No Breach By Agreement. (a) Buyer has the corporate power and authority necessary to execute, deliver and perform this Agreement, to perform its obligations under this Agreement, and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated herein, including the Merger, have been duly and validly authorized by all necessary corporate action in respect thereof on the part of Buyer. This Agreement represents a legal, valid, and binding obligation of Buyer, enforceable against Buyer in accordance with its terms.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (New Commerce Bancorp), Agreement and Plan of Merger (SCBT Financial Corp), Agreement and Plan of Merger (SCBT Financial Corp)

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Authority; No Breach By Agreement. (a) Buyer has the corporate power and authority necessary to execute, deliver and perform this Agreement, and to perform its obligations under this Agreement, Agreement and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated herein, including the Merger, have been duly and validly authorized by all necessary corporate action in respect thereof on the part of Buyer. This Agreement represents a legal, valid, and binding obligation of Buyer, enforceable against Buyer in accordance with its terms.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Seacoast Banking Corp of Florida), Agreement and Plan of Merger (Seacoast Banking Corp of Florida)

Authority; No Breach By Agreement. (a) Each Buyer has the corporate power and authority necessary to execute, deliver and perform this Agreement, to perform its obligations under this Agreement, Agreement and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated herein, including the Merger, herein have been duly and validly authorized by all necessary corporate action in respect thereof on the part of Buyer. This Agreement represents a legal, valid, and binding obligation each of Buyer, enforceable against Buyer in accordance with its termsthe Buyers.

Appears in 1 contract

Samples: Stock Purchase Agreement (Lululemon Corp.)

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Authority; No Breach By Agreement. (a) Buyer has the corporate power and authority necessary to execute, deliver and perform this Agreement, to perform its obligations under this Agreement, Agreement and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated herein, including the Offer and the Merger, have been duly and validly authorized by all necessary corporate action in respect thereof on the part of Buyer. This , and this Agreement represents a legal, valid, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Duck Head Apparel Co Inc)

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