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

Authority Relative to this Agreement; Enforceability. (a) Buyer has full power and corporate authority to enter into this Agreement, to perform its obligations hereunder, and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have been duly and validly approved by the Board of Directors of Buyer, and no other corporate proceedings on the part of Buyer or its shareholders are necessary to authorize the execution, delivery and performance of this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby.

Appears in 1 contract

Samples: Stock and Note Purchase Agreement (Mirant Corp)

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Authority Relative to this Agreement; Enforceability. (a) The Buyer has full corporate power and corporate authority to enter into this Agreement, to perform its obligations hereunder, hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement by the Buyer and the consummation by Buyer it of the transactions contemplated hereby have been duly and validly approved authorized by the Board of Directors of Buyerall required corporate action, and no other corporate proceedings on the part of the Buyer or its shareholders are necessary to authorize the execution, delivery and performance of this Agreement by the Buyer and the its consummation by Buyer of the transactions contemplated hereby.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Covanta Holding Corp)

Authority Relative to this Agreement; Enforceability. (a) Buyer The Purchaser has full corporate power and corporate authority to enter into this Agreement, to perform its obligations hereunder, and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement by Buyer the Purchaser and the consummation by Buyer the Purchaser of the transactions contemplated hereby have been duly and validly approved by all corporate action on behalf of the Board of Directors of BuyerPurchaser, and no other corporate proceedings on the part of Buyer the Purchaser or its shareholders are necessary to authorize the execution, delivery and performance of this Agreement by Buyer the Purchaser and the consummation by Buyer the Purchaser of the transactions contemplated hereby.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mirant Corp)

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Authority Relative to this Agreement; Enforceability. (a) Buyer Each Seller has full corporate power and corporate authority to enter into this Agreement, and to perform its obligations hereunder, hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance of this Agreement by Buyer each Seller and the consummation by Buyer each of them of the transactions contemplated hereby have been duly and validly approved by the Board their respective Boards of Directors of BuyerDirectors, and no other corporate proceedings on the part of Buyer Sellers or any of its shareholders affiliates are necessary to authorize the execution, delivery and performance of this Agreement by Buyer Sellers and the consummation by Buyer Sellers of the transactions contemplated hereby.

Appears in 1 contract

Samples: Stock and Note Purchase Agreement (Mirant Corp)

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