Authority of the Vendor Sample Clauses

Authority of the Vendor. All necessary action has been taken by the Vendor to authorize the execution and delivery by the Vendor of the Related Agreements to which the Vendor is currently a party and the performance by the Vendor of its obligations thereunder, and each of the Related Agreements to which the Vendor is currently a party has been duly executed and delivered and constitutes a valid and legally binding obligation of the Vendor enforceable against it in accordance with its terms. At the time of execution of all Related Agreements to be entered into by the Vendor, all necessary action will have been taken by the Vendor to authorize the execution and delivery by the Vendor of such Related Agreements and the performance by the Vendor of its obligations thereunder, and each such Related Agreement to which the Vendor will be a party will have been duly executed and delivered and will constitute a valid and legally binding obligation of the Vendor enforceable against it in accordance with its terms.

Authority of the Vendor. It has all requisite power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby.

Authority of the Vendor. The Vendor has all necessary power, authority and capacity to enter into this Agreement and each agreement contemplated to be executed and delivered hereunder by the Vendor at or before the Closing Time and to perform its obligations hereunder.

Authority of the Vendor. The Vendor has full authority to enter into this Agreement and to perform the obligations or obtain the rights provided for hereunder. No consent, permission or court decision is required in this respect. This Agreement constitutes a valid obligation of the Vendor which is enforceable, in accordance with its terms.

Authority of the Vendor. The Vendor has the requisite authority to sell, assign and transfer the Purchased Assets as contemplated under this Agreement, subject to the obtaining of the Consents and the Vesting Order, and is authorized to execute, on its own behalf and/or on behalf of the Company, as may be required, all such documents of transfer, bills of sale, assignments and other documents and instruments, as may be required to effect the sale, transfer and assignment of the Purchased Assets to the Purchaser free and clear of all Encumbrances other than the Permitted Encumbrances or Encumbrances which will be discharged by the Vendor on or before the Closing Date and the vesting of title.