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

Authority Relative to this Agreement; Recommendation. (a) WREI has all necessary corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by the Board of Directors of WREI (the "WREI Board") and no other corporate proceedings on the part of WREI are necessary to authorize this Agreement or to consummate the transactions contemplated hereby, except, as referred to in Section 2.17, the approval and adoption of this Agreement by the holders of at least a majority of the then outstanding WREI Shares. This Agreement has been duly and validly executed and delivered by WREI and constitutes a valid, legal and binding agreement of WREI, enforceable against WREI in accordance with its terms. (b) The WREI Board has resolved to recommend that the stockholders of WREI approve and adopt this Agreement.

Appears in 1 contract

Samples: Acquisition Agreement (White Rock Enterprises LTD)

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Authority Relative to this Agreement; Recommendation. (a) WREI V2P has all necessary corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by the Board of Directors of WREI V2P (the "WREI “V2P Board") ”), and no other corporate proceedings on the part of WREI V2P are necessary to authorize this Agreement or to consummate the transactions contemplated hereby, except, as referred to in Section 2.173.17, the approval and adoption of this Agreement by the holders of at least a majority of the then outstanding WREI V2P Shares. This Agreement has been duly and validly executed and delivered by WREI V2P and constitutes a valid, legal and binding agreement of WREIV2P, enforceable against WREI V2P in accordance with its terms. (b) The WREI V2P Board has resolved to recommend that the stockholders of WREI V2P approve and adopt this Agreement.

Appears in 1 contract

Samples: Acquisition Agreement (Boatatopia)

Authority Relative to this Agreement; Recommendation. (a) WREI MIDWEST has all necessary corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by the Board of Directors of WREI MIDWEST (the "WREI “MIDWEST Board") ”), and no other corporate proceedings on the part of WREI MIDWEST are necessary to authorize this Agreement or to consummate the transactions contemplated hereby, except, as referred to in Section 2.173.17, the approval and adoption of this Agreement by the holders of at least a majority of the then outstanding WREI MIDWEST Shares. This Agreement has been duly and validly executed and delivered by WREI MIDWEST and constitutes a valid, legal and binding agreement of WREIMIDWEST, enforceable against WREI MIDWEST in accordance with its terms. (b) The WREI MIDWEST Board has resolved to recommend that the stockholders of WREI MIDWEST approve and adopt this Agreement.

Appears in 1 contract

Samples: Acquisition Agreement (Millennium Plastics Corp)

Authority Relative to this Agreement; Recommendation. (a) WREI BOLLENTE has all necessary corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by the Board of Directors of WREI BOLLENTE (the "WREI “BOLLENTE Board") ”), and no other corporate proceedings on the part of WREI BOLLENTE are necessary to authorize this Agreement or to consummate the transactions contemplated hereby, except, as referred to in Section 2.173.17, the approval and adoption of this Agreement by the holders of at least a majority of the then outstanding WREI BOLLENTE Shares. This Agreement has been duly and validly executed and delivered by WREI BOLLENTE and constitutes a valid, legal and binding agreement of WREIBOLLENTE, enforceable against WREI BOLLENTE in accordance with its terms. (b) The WREI BOLLENTE Board has resolved to recommend that the stockholders of WREI BOLLENTE approve and adopt this Agreement.

Appears in 1 contract

Samples: Acquisition Agreement (Bollente Companies Inc.)

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Authority Relative to this Agreement; Recommendation. (a) WREI LXXXXXX has all necessary corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by the Board of Directors of WREI LXXXXXX (the "WREI LXXXXXX Board") ), and no other corporate proceedings on the part of WREI LXXXXXX are necessary to authorize this Agreement or to consummate the transactions contemplated hereby, except, as referred to in Section 2.173.17, the approval and adoption of this Agreement by the holders of at least a majority of the then outstanding WREI LXXXXXX Shares. This Agreement has been duly and validly executed and delivered by WREI LXXXXXX and constitutes a valid, legal and binding agreement of WREILXXXXXX, enforceable against WREI LXXXXXX in accordance with its terms. (b) The WREI LXXXXXX Board has resolved to recommend that the stockholders of WREI LXXXXXX approve and adopt this Agreement.

Appears in 1 contract

Samples: Acquisition Agreement (Lazzara Financial Asset Recovery Inc)

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