Common use of Authority Relative to this Agreement and Transaction Documents Clause in Contracts

Authority Relative to this Agreement and Transaction Documents. The Buyer has the full corporate power and authority to execute and deliver this Agreement and any Ancillary Agreement to which it is a party, and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and any other Transaction Document to which it is a party by the Buyer and the consummation by the Buyer of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action, and no other corporate proceedings on the part of the Buyer is necessary to authorize this Agreement or any Transaction Document to which it is a party or to consummate the transactions so contemplated. This Agreement and the Transaction Documents to which it is a party have been duly and validly executed and delivered by the Buyer and, assuming the due authorization, execution and delivery by the Globisens Shareholders and the Company, constitutes a legal, valid, and binding obligation of the Buyer enforceable against the Buyer in accordance with its terms subject to the effect of applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium, and other Laws affecting creditor’s rights generally and general equitable principles.

Authority Relative to this Agreement and Transaction Documents. The Buyer has the full corporate power and authority to execute and deliver this Agreement and any Ancillary Agreement to which it is a party, and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and any other Transaction Document Ancillary Agreement to which it is a party by the Buyer and the consummation by the Buyer of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate Seller action, and no other corporate Seller proceedings on the part of the Buyer is necessary to authorize this Agreement or any Transaction Document Ancillary Agreement to which it is a party or to consummate the transactions so contemplated. This Agreement and the Transaction Documents to which it is a party have been duly and validly executed and delivered by the Buyer and, assuming the due authorization, execution and delivery by the Globisens Shareholders and the CompanySeller, constitutes a legal, valid, and binding obligation of the Buyer enforceable against the Buyer in accordance with its terms subject to the effect of applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium, and other Laws affecting creditor’s rights generally and general equitable principles.

Authority Relative to this Agreement and Transaction Documents. The Buyer Company has the full corporate power and authority to execute and deliver this Agreement and any Ancillary Agreement Transaction Document to which it is a party, and to consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and any other Transaction Document to which it the Company is a party by the Buyer and the consummation by the Buyer Company of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate corporate, partnership or individual action, and no other corporate proceedings on the part of the Buyer Company is necessary to authorize this Agreement or any Transaction Document to which it any of them is a party or to consummate the transactions so contemplatedcontemplated hereunder or thereunder. This Agreement and the Transaction Documents to which it the Company is a party have has been duly and validly executed and delivered by the Buyer Company, and, assuming the due authorization, execution and delivery by the Globisens Shareholders Parent, Merger Sub and the CompanyCompany Shareholders, constitutes a legal, valid, and binding obligation obligations of the Buyer Company, enforceable against the Buyer such Person or Persons in accordance with its terms their terms, subject to the effect of applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium, and other Laws laws affecting creditor’s rights generally and general equitable principles.