Common use of Authority of Seller Clause in Contracts

Authority of Seller. Each Seller has the requisite power and authority to execute, deliver, and perform this Agreement. This Agreement has been duly executed and delivered by each Seller and is the legal, valid, and binding obligation of each Seller enforceable in accordance with its terms.

Appears in 1 contract

Samples: Stock Repurchase Agreement (White River Capital Inc)

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Authority of Seller. Each The Seller has the all requisite power and ------------------- authority to executeown and hold the Acquired Assets, deliver, to execute and perform deliver this Agreement and to carry out all actions required of it pursuant to the terms of this Agreement. This Agreement has been duly executed and delivered by each Seller and is the legal, valid, and binding obligation of each Seller enforceable in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Converse Inc)

Authority of Seller. Each (a) Seller has the requisite full power and authority to execute, deliver, deliver and perform its obligations this Agreement. The execution, delivery and performance of this Agreement by Seller has been duly authorized and approved by and does not require any further authorization or consent. This Agreement has been duly executed and delivered by each Seller and is the legal, valid, valid and binding obligation of each Seller enforceable in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (MBC Funding Ii Corp.)

Authority of Seller. Each The Seller has the requisite power and authority to execute, deliver, deliver and perform this Agreement. This Agreement has been duly executed and delivered by each Seller and is the legal, valid, valid and binding obligation of each the Seller enforceable in accordance with its terms.

Appears in 1 contract

Samples: Stock Repurchase Agreement (Glen Burnie Bancorp)

Authority of Seller. Each Seller has the requisite full power and authority to execute, deliverdeliver and perform under this Agreement and such execution, delivery and performance have been specifically authorized by all requisite organizational action of Seller. Upon execution, this Agreement will be valid and binding upon Seller, and perform this Agreement. This Agreement has been duly executed and delivered by each enforceable against Seller and is the legal, valid, and binding obligation of each Seller enforceable in accordance with its terms.

Appears in 1 contract

Samples: Contract for Sale and Purchase of Real Property

Authority of Seller. Each Seller has the requisite power and authority to execute, deliver, and perform this Agreementis an individual. This Agreement has been duly executed and delivered by each Seller Seller, and is the (assuming due authorization, execution, and delivery by Buyer) this Agreement constitutes a legal, valid, valid and binding obligation of each Seller enforceable against each Seller in accordance with its terms. When each Ancillary Document to which each Seller is a party has been duly executed and delivered by such Seller, such Ancillary Document will constitute a legal and binding obligation of such Seller enforceable against him in accordance with its terms.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Us Energy Corp)

Authority of Seller. Each Seller has the requisite all necessary corporate power and authority to make, execute, deliverdeliver and consummate this Agreement, and has taken all necessary actions required to be taken to authorize Seller to execute and deliver this Agreement and to perform this Agreementits obligations, undertakings and agreements to be observed and performed hereunder. This Agreement has been duly executed and delivered by each Seller and is the legal, validvalid and binding agreement of Seller, and binding obligation of each enforceable against Seller enforceable in accordance with its terms.

Appears in 1 contract

Samples: Barterone Membership Interest Sale Agreement (Worldwide Web Networx Corp)

Authority of Seller. Each The Seller has the requisite power and authority to execute, deliver, and perform this Agreement. This Agreement has been duly executed and delivered by each the Seller and is the legal, valid, and binding obligation of each the Seller enforceable in accordance with its terms.

Appears in 1 contract

Samples: Stock Repurchase Agreement (Horizon Bancorp Inc /In/)

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Authority of Seller. Each Seller has the requisite full power and authority to executeenter into this Agreement and the other Transaction Documents to which such Seller is a party, deliver, to carry out its obligations hereunder and perform this Agreementthereunder and to consummate the transactions contemplated hereby and thereby. This Agreement has been duly executed and delivered by each Seller Seller, and is the (assuming due authorization, execution and delivery by Buyer) this Agreement constitutes a legal, valid, valid and binding obligation of each Seller enforceable against each Seller in accordance with its terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Addvantage Technologies Group Inc)

Authority of Seller. Each (a) Seller has the requisite full power and authority to execute, deliver, deliver and perform its obligations this Agreement. The execution, delivery and performance of this Agreement by Seller has been duly authorized and approved by and does not require any further authorization or consent. This Agreement has been duly authorized, executed and delivered by each Seller and is the legal, valid, valid and binding obligation of each Seller enforceable in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (MBC Funding Ii Corp.)

Authority of Seller. Each (a) Seller has the requisite full right, authority and power to enter into this Agreement and authority each agreement, document and instrument to execute, deliver, and perform this Agreement. This Agreement has been duly be executed and delivered by Seller pursuant to this Agreement and to carry out the transactions contemplated hereby. The execution, delivery and performance by Seller of this Agreement and each such other agreement, documents and instrument have been duly authorized by all necessary action of Seller and no other action on the part of Seller is the legal, valid, and binding obligation of each Seller enforceable required in accordance with its termsconnection therewith.

Appears in 1 contract

Samples: Asset Purchase Agreement (Unique Casual Restaurants Inc)

Authority of Seller. Each The Seller has the requisite full right, power and authority to execute, deliver, deliver and perform this Agreement. This Agreement has been duly executed and delivered by each Seller and is that the legal, valid, Agreement constitutes the valid and binding obligation of each the Seller enforceable against the Seller in accordance with its terms.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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