Common use of Authority of Buyer Clause in Contracts

Authority of Buyer. The execution, delivery and performance of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of Buyer. This Agreement has been duly executed and delivered by Buyer and is a valid and binding Agreement of Buyer, enforceable against it in accordance with its terms, except as may be limited by or subject to any bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditor's rights.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Homelife Inc), Stock Purchase Agreement (Homelife Inc)

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Authority of Buyer. The execution, delivery and performance of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of Buyer. This Agreement has been duly executed and delivered by Buyer and is a valid and binding Agreement agreement of Buyer, enforceable against it in accordance with its terms, except as may be limited by or subject to any bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditor's creditors' rights.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Homelife Inc), Stock Purchase Agreement (Homelife Inc)

Authority of Buyer. The execution, delivery and performance of this This Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of Buyer. This Stockholders' Agreement has been duly when executed and delivered by the Buyer and is a will constitute the legal, valid and binding Agreement obligations of Buyer, enforceable against it Buyer in accordance with its their terms, except as enforcement may be limited by or subject to any bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditor's rightscreditors' rights generally and except as enforcement is subject to general principles of equity regardless of whether enforcement is considered in a proceeding at law or in equity.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Regent Communications Inc), Stock Purchase Agreement (Regent Communications Inc)

Authority of Buyer. The execution, delivery and performance of this Agreement by and all the agreements and instruments of Buyer relating hereto and the consummation by Buyer of the transactions contemplated hereby shall have been duly and validly authorized by all necessary corporate action on the part of Buyer. This Buyer at or prior to the Closing; this Agreement has been duly executed by a duly authorized officer of Buyer; and delivered by Buyer this Agreement and is a such agreements and instruments constitute the legal, valid and binding Agreement obligations of Buyer, enforceable against it Buyer in accordance with its their terms, except as may be limited by or subject to any bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditor's rights.

Appears in 2 contracts

Samples: License Agreement (New Paradigm Software Corp), Agreement (New Paradigm Software Corp)

Authority of Buyer. Buyer has the corporate power and authority to enter into this Agreement and the transactions contemplated hereby and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly authorized and validly authorized by all necessary action on the part of Buyer. This this Agreement has been duly executed and delivered by Buyer and is constitutes a valid and binding Agreement agreement of Buyer, Buyer enforceable against it Buyer in accordance with its terms, except as may be such enforceability is limited by or subject to any general principles of equity and applicable provisions of bankruptcy, insolvency, reorganizationmoratorium, moratorium reorganization or other similar laws affecting the enforcement of creditor's rightslaws.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Tesoro Petroleum Corp /New/), Asset Purchase Agreement (Tesoro Petroleum Corp /New/)

Authority of Buyer. Buyer has the corporate power and authority to enter into this Agreement and the transactions contemplated hereby and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly authorized and validly authorized by all necessary action on the part of Buyer. This Agreement has been duly executed and delivered by Buyer and is this Agreement constitutes a valid and binding Agreement agreement of Buyer, Buyer enforceable against it Buyer in accordance with its terms, except as may be such enforceability is limited by or subject to any bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement general principles of creditor's rightsequity and applicable provisions of bankruptcy law.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tosco Corp)

Authority of Buyer. Buyer has the corporate power and authority to enter into this Agreement and the transactions contemplated hereby and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly authorized and validly authorized by all necessary action on the part of Buyer. This this Agreement has been duly executed and delivered by Buyer and is this Agreement constitutes a valid and binding Agreement agreement of Buyer, Buyer enforceable against it Buyer in accordance with its terms, except as may be such enforceability is limited by or subject to any bankruptcy, general principles of equity and applicable provisions of bankruptcy insolvency, reorganizationmoratorium, moratorium reorganization or other similar laws affecting the enforcement of creditor's rightslaws.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tesoro Petroleum Corp /New/)

Authority of Buyer. It has the power and authority to enter into this Agreement and the transactions contemplated hereby and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly authorized, and validly authorized by all necessary action on the part of Buyer. This this Agreement has been duly executed and delivered delivered, by Buyer it and is a constitutes its valid and binding Agreement of Buyeragreement, enforceable against it in accordance with its terms, except as may be such enforceability is limited by or subject to any general principles of equity and applicable provisions of bankruptcy, insolvency, reorganizationmoratorium, moratorium reorganization or other similar laws affecting the enforcement of creditor's rightslaws.

Appears in 1 contract

Samples: Share Purchase and Sale Agreement (Pacific Energy Partners Lp)

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Authority of Buyer. Buyer has the power and authority to enter into this Agreement and the transactions contemplated hereby and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly authorized and validly authorized by all necessary action on the part of Buyer. This this Agreement has been duly executed and delivered by Buyer and is this Agreement constitutes a valid and binding Agreement agreement of Buyer, Buyer enforceable against it Buyer in accordance with its terms, except as may be such enforceability is limited by or subject to any bankruptcy, general principles of equity and applicable provisions of bankruptcy insolvency, reorganizationmoratorium, moratorium reorganization or other similar laws affecting the enforcement of creditor's rightslaws.

Appears in 1 contract

Samples: Asset Purchase Agreement (Kaneb Pipe Line Operating Partnership Lp)

Authority of Buyer. The execution, delivery and performance of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of Buyer. This Agreement has been duly executed and delivered by Buyer Buyer, and is (assuming due authorization, execution and delivery by Seller) this Agreement constitutes a legal, valid and binding Agreement obligation of Buyer, enforceable against it Buyer in accordance with its terms, except as such enforceability may be limited by or subject to any bankruptcy, insolvency, reorganization, moratorium or other similar laws Laws affecting the creditors’ rights generally and by general principles of equity (regardless of whether enforcement of creditor's rightsis sought in a proceeding at law or in equity).

Appears in 1 contract

Samples: Stock Purchase Agreement (EMRISE Corp)

Authority of Buyer. Buyer has full corporate power to enter into this Agreement and the transactions contemplated hereby and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly authorized and validly authorized by all necessary action on the part of Buyer. This Agreement has been duly executed and delivered by Buyer and is a this Agreement constitute valid and binding Agreement agreements of Buyer, Buyer enforceable against it Buyer in accordance with its terms, their terms except as may be such enforceability is limited by or subject to any bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement general principles of creditor's rightsequity and applicable provisions of bankruptcy law.

Appears in 1 contract

Samples: Clark Usa Inc /De/

Authority of Buyer. The executionBuyer has full corporate power and authority to execute, delivery deliver and performance of perform this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of BuyerAgreement. This Agreement has been duly executed and delivered by Buyer and is a the legal, valid and binding Agreement agreement of Buyer, Buyer enforceable against it in accordance with its terms, except as the enforceability thereof may be limited by or subject to any bankruptcy, insolvency, reorganization, moratorium reorganization or other similar laws now or hereafter in effect relating to or affecting the enforcement creditors’ rights generally and to general principles of creditor's rightsequity (whether applied in a proceeding at law or in equity).

Appears in 1 contract

Samples: Stock Purchase Agreement (Penn Treaty American Corp)

Authority of Buyer. Buyer has the power and authority to enter into this Agreement and the transactions contemplated hereby and to carry out its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly authorized and validly authorized by all necessary action on the part of Buyer. This Agreement has been duly executed and delivered by Buyer and is this Agreement constitutes a valid and binding Agreement agreement of Buyer, Buyer enforceable against it Buyer in accordance with its terms, except as may be such enforceability is limited by or subject to any general principles of equity and applicable provisions of bankruptcy, insolvency, reorganizationmoratorium, moratorium reorganization or other similar laws affecting the enforcement of creditor's rightslaws.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Five Star Quality Care Inc)

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