Common use of Authority Relative to this Agreement; Enforceability Clause in Contracts

Authority Relative to this Agreement; Enforceability. The Seller has the corporate power and authority to execute and deliver this Agreement and the Transaction Documents to which it is or is to become a party, and to consummate the transactions contemplated by this Agreement and such Transaction Documents. The execution and delivery of this Agreement and the Transaction Documents to which the Seller is or is to become a party, and the consummation of the transactions contemplated by this Agreement and such Transaction Documents have been duly and validly authorized by all requisite corporate action on the part of the Seller. This Agreement has been, and each of the Transaction Documents to which the Seller is or is to become a party will, at the Closing, be, duly and validly executed and delivered by the Seller and constitutes, or will at the Closing constitute, a valid and binding agreement of the Seller, enforceable against the Seller in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency and other laws affecting the rights of creditors generally and except that equitable remedies may be granted only in the discretion of a court of competent jurisdiction.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Newpark Resources Inc), Asset Purchase Agreement (Newpark Resources Inc)

AutoNDA by SimpleDocs

Authority Relative to this Agreement; Enforceability. The Seller Each of the Sellers has the corporate limited liability company power and authority to execute and deliver this Agreement and the Transaction Documents to which it is or is to become a party, and to consummate the transactions contemplated by this Agreement and such Transaction Documents. The execution and delivery of this Agreement and the Transaction Documents to which each of the Seller Sellers is or is to become a party, and the consummation of the transactions contemplated by this Agreement and such Transaction Documents have been duly and validly authorized by all requisite corporate limited liability company action on the part of each of the SellerSellers. This Agreement has been, and each of the Transaction Documents to which any of the Seller Sellers is or is to become a party will, at the Closing, be, duly and validly executed and delivered by each of the Seller Sellers, as appropriate, and constitutes, or will at the Closing constitute, a valid and binding agreement of the SellerSellers, enforceable against each of the Seller Sellers in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency and other laws affecting the rights of creditors generally and except that equitable remedies may be granted only in the discretion of a court of competent jurisdiction.

Appears in 1 contract

Samples: Asset Purchase Agreement (Newpark Resources Inc)

AutoNDA by SimpleDocs

Authority Relative to this Agreement; Enforceability. The Seller Buyer has the corporate limited liability company power and authority to execute and deliver this Agreement and the Transaction Documents to which it the Buyer is or is to become a party, and to consummate the transactions contemplated by this Agreement and such Transaction Documents. The execution and delivery of this Agreement and the Transaction Documents to which the Seller Buyer is or is to become a party, and the consummation of the transactions contemplated by this Agreement and such Transaction Documents have been duly and validly authorized by all requisite corporate limited liability company action on the part of the SellerBuyer. This Agreement has been, and each of the Transaction Documents to which the Seller Buyer is or is to become a party will, at the Closing, be, duly and validly executed and delivered by the Seller Buyer and constitutes, or will at the Closing constitute, a valid and binding agreement of the SellerBuyer, enforceable against the Seller Buyer in accordance with its their respective terms, except as enforcement may be limited by bankruptcy, insolvency and other laws affecting the rights of creditors generally and except that equitable remedies may be granted only in the discretion of a court of competent jurisdiction.

Appears in 1 contract

Samples: Asset Purchase Agreement (Newpark Resources Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!