Common use of Authority of Sellers Clause in Contracts

Authority of Sellers. Sellers have full corporate or limited liability company power and authority to enter into this Agreement and the Ancillary Documents to which Sellers are party, to carry out their obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Sellers of this Agreement and any Ancillary Document to which Sellers are a party, the performance by Sellers of their obligations hereunder and thereunder and the consummation by Sellers of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate or limited liability company action on the part of Sellers. This Agreement has been duly executed and delivered by Sellers, and (assuming due authorization, execution and delivery by Buyers) this Agreement constitutes a legal, valid and binding obligation of Sellers enforceable against Sellers in accordance with its terms. When each Ancillary Document to which Sellers are or will be party has been duly executed and delivered by Sellers (assuming due authorization, execution and delivery by each other party thereto), such Ancillary Document will constitute a legal and binding obligation of Sellers enforceable against it in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (JanOne Inc.)

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Authority of Sellers. Sellers have full corporate or limited liability company power and authority to enter into this Agreement and the Ancillary other Transaction Documents to which Sellers are partyparties, to carry out their its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Sellers of this Agreement and any Ancillary other Transaction Document to which Sellers are a partyparties, the performance by Sellers of their its obligations hereunder and thereunder and the consummation by Sellers of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate or limited liability company action on the part of Sellers. This Agreement has been duly executed and delivered by Sellers, and (assuming due authorization, execution and delivery by BuyersBuyer) this Agreement constitutes a legal, valid and binding obligation obligations of Sellers enforceable against Sellers in accordance with its terms. When each Ancillary other Transaction Document to which Sellers are or will be party parties has been duly executed and delivered by Sellers (assuming due authorization, execution and delivery by each other party thereto), such Ancillary Transaction Document will constitute a legal and binding obligation obligations of Sellers enforceable against it them in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Patrick Industries Inc)

Authority of Sellers. Sellers have full corporate or limited liability company power and authority to enter into this Agreement and the Ancillary other Transaction Documents to which Sellers are is a party, to carry out their its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Sellers of this Agreement and any Ancillary other Transaction Document to which Sellers are is a party, the performance by Sellers of their its obligations hereunder and thereunder and the consummation by Sellers of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate or limited liability company action on the part of Sellers. This Agreement has been duly executed and delivered by Sellers, and (assuming due authorization, execution and delivery by BuyersBuyer) this Agreement constitutes a legal, valid and binding obligation of Sellers enforceable against Sellers in accordance with its terms. When each Ancillary other Transaction Document to which Sellers are is or will be a party has been duly executed and delivered by Sellers (assuming due authorization, execution and delivery by each other party thereto), such Ancillary Transaction Document will constitute a legal and binding obligation of Sellers enforceable against it in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Csa Holdings Inc.)

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Authority of Sellers. Sellers have Each Seller has full corporate or limited liability company power and authority to enter into this Agreement and the Ancillary Documents to which Sellers are such Seller is a party, to carry out their its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Sellers of this Agreement and any Ancillary Document to which Sellers are a party, the performance by Sellers of their obligations hereunder and thereunder and the consummation by Sellers of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate or limited liability company action on the part of Sellerseach Seller. This Agreement has been duly executed and delivered by Sellerseach Seller, and (assuming due authorization, execution and delivery by BuyersBuyer) this Agreement constitutes a legal, valid and binding obligation of Sellers enforceable against Sellers in accordance with its terms. When each Ancillary Document to which Sellers are or will be a party has been duly executed and delivered by Sellers (assuming due authorization, execution and delivery by each other party thereto), such Ancillary Document will constitute a legal and binding obligation of Sellers enforceable against it them in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (HireQuest, Inc.)

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