Common use of Authority of Purchaser Clause in Contracts

Authority of Purchaser. Purchaser has all necessary power and authority to enter into this Agreement and to carry out the Contemplated Transactions. Purchaser has taken all action required by Applicable Laws, its Organizational Documents, or otherwise to be taken by it to authorize the execution and delivery of this Agreement by Purchaser and the consummation of the Contemplated Transactions. This Agreement has been duly and validly executed and delivered by Purchaser and, when duly authorized, executed and delivered by Seller, will constitute a legal, valid, binding and enforceable obligation of Purchaser.

Authority of Purchaser. Purchaser has all necessary the requisite corporate power and authority to enter into this Agreement and to carry out consummate the Contemplated Transactionstransactions contemplated by this Agreement. Purchaser has taken all action required by Applicable Laws, its Organizational Documents, or otherwise to be taken by it to authorize the The execution and delivery of this Agreement by Purchaser and the consummation of the Contemplated Transactionstransactions contemplated hereby have been duly authorized by the board of directors of the Purchaser and no other corporate proceedings on the part of the Purchaser are necessary to enter into this Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Purchaser andby, when duly authorized, executed and delivered by Seller, will constitute constitutes a legal, valid, valid and binding and enforceable obligation of Purchaser, enforceable against Purchaser in accordance with its terms.