Common use of Authority of Buyer Clause in Contracts

Authority of Buyer. Buyer has full power and authority to enter into and perform this Agreement, and all proceedings necessary to duly authorize the execution and delivery of this Agreement by the officer executing the same on the respective Buyer’s behalf have been taken and this Agreement is the legal and binding obligation of the Buyer, enforceable in accordance with its terms and conditions applicable to Buyer.

Appears in 5 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Sitestar Corp), Asset Purchase Agreement (Ckrush, Inc.)

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Authority of Buyer. The Buyer has full the requisite corporate power and authority to enter into execute, deliver and perform this Agreement. This Agreement has been duly authorized, executed and all proceedings necessary to duly authorize the execution and delivery of this Agreement delivered by the officer executing the same on the respective Buyer’s behalf have been taken Buyer and this Agreement is the legal legal, valid and binding obligation of the Buyer, Buyer enforceable in accordance with its terms and conditions applicable to Buyerterms.

Appears in 4 contracts

Samples: Stock Repurchase Agreement (Tessco Technologies Inc), Stock Repurchase Agreement (Tessco Technologies Inc), Stock Repurchase Agreement (Brightpoint Inc)

Authority of Buyer. Buyer has full corporate power and authority to enter into and perform this Agreement, to carry out its obligations hereunder, and all proceedings necessary to consummate the transactions contemplated hereby. This Agreement has been duly authorize the executed and delivered by Buyer and (assuming due authorization, execution and delivery of this Agreement by each Seller) constitutes the officer executing the same on the respective Buyer’s behalf have been taken valid and this Agreement is the legal and legally binding obligation of the Buyer, enforceable against Buyer in accordance with its terms and conditions applicable terms, subject to Buyerthe Enforceability Exceptions.

Appears in 2 contracts

Samples: Warrant Purchase Agreement (ProFrac Holding Corp.), Warrant Purchase Agreement (Crestview Partners III GP, L.P.)

Authority of Buyer. Buyer has full power and authority to enter into and perform this Agreement, and all proceedings necessary to duly authorize the execution and delivery of this Agreement by the officer executing the same on the respective Buyer’s behalf have been taken and this Agreement is the legal to perform each and binding every obligation of the Buyer, enforceable in accordance with its terms and conditions applicable to Buyerhereunder.

Appears in 2 contracts

Samples: Purchase Agreement (Eagle Supply Group Inc), Purchase Agreement (Eagle Supply Group Inc)

Authority of Buyer. Buyer has full power and authority to enter into and perform all its obligations under this Agreement, and all proceedings necessary to duly authorize the execution and delivery of this Agreement by the officer executing the same on the respective Buyer’s behalf have been taken and this Agreement is the legal and binding obligation of the Buyer, enforceable in accordance with its terms and conditions applicable to Buyer.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Sitestar Corp), Stock Purchase Agreement (Sitestar Corp)

Authority of Buyer. Buyer has full corporate power and authority to enter into execute, deliver and perform this Agreement, . This Agreement has been duly executed and all proceedings necessary to duly authorize the execution delivered by Buyer and delivery of this Agreement by the officer executing the same on the respective Buyer’s behalf have been taken and this Agreement is the legal legal, valid and binding obligation agreement of the Buyer, Buyer enforceable in accordance with its terms terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization or similar laws now or hereafter in effect relating to or affecting creditors’ rights generally and conditions applicable to Buyergeneral principles of equity (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 It has full right, power and authority to enter into purchase the Property from Seller under this Agreement and to perform Buyer's obligations under this Agreement including the financial capacity to perform this Agreement, and all proceedings necessary to duly authorize the execution and delivery of this Agreement by the officer executing the same on the respective Buyer’s behalf have been taken and this Agreement is the legal and binding obligation of the Buyer, enforceable in accordance with its terms and conditions applicable to Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Skechers Usa Inc)

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Authority of Buyer. Buyer has the full power and authority to enter into and perform this Agreement, and all proceedings necessary to duly authorize the execution and delivery of this Agreement by the officer executing the same on the respective Buyer’s behalf have been taken and this Agreement is the legal and binding obligation of the Buyer, enforceable agreement in accordance with its terms and conditions applicable to the execution, delivery and performance of this agreement by Buyer have been duly authorized by all necessary action of Buyer; Buyer is not bound by any contractual or other obligation that would be violated by its execution, delivery or performance of this agreement; and this agreement constitutes the valid and binding obligation of Buyer enforceable against it in accordance with its terms.

Appears in 1 contract

Samples: Leveraged Recapitalization Agreement (Adelphia Communications Corp)

Authority of Buyer. Buyer has full all requisite corporate power and authority to enter into execute and perform this Agreement, and all proceedings necessary to duly authorize the execution and delivery of deliver this Agreement and to carry out the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the officer executing the same on the respective Buyer’s behalf have been taken and this . This Agreement is the legal valid and binding obligation agreement of the Buyer, enforceable against Buyer in accordance with its terms and conditions applicable to Buyerterms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Radiant Systems Inc)

Authority of Buyer. Buyer has full all necessary power and authority to enter into make, execute, deliver and perform this Agreement, and all proceedings necessary to duly authorize the execution and delivery of consummate this Agreement by the officer executing the same on the respective Buyer’s behalf have been and has take all necessary actions required to be taken to authorize Buyer to execute and deliver this Agreement and to perform all of its obligations, undertakings and agreements to be observed and performed by it hereunder. This Agreement has been duly executed and delivered by Buyer and is the legal a valid and binding obligation agreement of the Buyer, enforceable in accordance with its terms and conditions applicable to Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tactical Air Defense Services, Inc.)

Authority of Buyer. Buyer has full right, authority and power and authority to enter into and perform this Agreement, and all proceedings necessary to duly authorize the execution and delivery of this Agreement and each agreement, document and instrument to be executed and delivered by the officer executing the same on the respective Buyer’s behalf have been taken and Buyer pursuant to this Agreement is and to carry out the legal transactions contemplated hereby and binding obligation of the Buyer, enforceable in accordance with its terms and conditions applicable to Buyerthereby.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Berry Petroleum Co)

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