Common use of Authority of Stockholders Clause in Contracts

Authority of Stockholders. Each of the Stockholders has full legal capacity, and, in the case of the Trusts, full trust power, to enter into, execute and perform the Stockholder's obligations under this Agreement. The execution and delivery by the Trusts of this Agreement and the performance by the Trusts of their obligations hereunder have been duly authorized and approved by all requisite trust action. This Agreement has been duly executed and delivered by a duly authorized trustee of each of the Trusts. This Agreement constitutes a valid and legally binding obligation of each of the Stockholders, enforceable against each of the Stockholders in accordance with its terms (except to the extent that enforcement may be affected by laws relating to bankruptcy, reorganization, insolvency and creditors' rights and by the availability of injunctive relief, specific performance and other equitable remedies).

Authority of Stockholders. Each of the Stockholders has full legal capacity, and, in the case of the Trusts, full trust power, to enter into, execute and perform the Stockholder's obligations under this Agreement. The execution and delivery by the Trusts of this Agreement and the performance by the Trusts of their obligations hereunder and the consummation of the transactions contemplated hereby have been duly authorized and approved by all requisite trust action. This Agreement has been duly executed and delivered by a duly authorized trustee of each of the TrustsTrust. This Agreement constitutes a valid and legally binding obligation of each of the Stockholders, enforceable against each of the Stockholders in accordance with its terms (except to the extent that enforcement may be affected by laws relating to bankruptcy, reorganization, insolvency and creditors' rights and by the availability of injunctive relief, specific performance and other equitable remedies).

Authority of Stockholders. Each of the Stockholders has full legal capacity, and, in the case of the TrustsTrust, full trust power, to enter into, execute and perform the Stockholder's obligations under this Agreement. The execution and delivery by the Trusts Trust of this Agreement and the performance by the Trusts Trust of their its obligations hereunder and the consummation of the transactions contemplated hereby have been duly authorized and approved by all requisite trust action. This Agreement has been duly executed and delivered by a the duly authorized trustee of each of the TrustsTrust. This Agreement constitutes a valid and legally binding obligation of each of the Stockholders, enforceable against each of the Stockholders in accordance with its terms (except to the extent that enforcement may be affected by laws relating to bankruptcy, reorganization, insolvency and creditors' rights and by the availability of injunctive relief, specific performance and other equitable remedies).