Common use of Authority to Execute and Perform Agreements Clause in Contracts

Authority to Execute and Perform Agreements. GTEC has the full legal right and power and all authority and approval required to enter into, execute and deliver this Agreement and to perform fully their obligations hereunder. This Agreement has been duly executed and delivered and is the valid and binding obligation of GTEC, enforceable in accordance with its terms, except as may be limited by bankruptcy, moratorium, insolvency or other similar laws generally affecting the enforcement of creditors' rights. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby and the performance by GTEC of this Agreement, in accordance with its respective terms and conditions will not: (i) require the approval or consent of any governmental or regulatory body, the Stockholders of GTEC, or the approval or consent of any other person; (ii) conflict with or result in any breach or violation of any of the terms and conditions of, or constitute (or with any notice or lapse of time or both would constitute) a default under, any order, judgment or decree applicable to GTEC, or any instrument, contract or other agreement to which GTEC is a party or by or to which GTEC is bound or subject; or (iii) result in the creation of any lien or other encumbrance on the assets or properties of GTEC.

Authority to Execute and Perform Agreements. GTEC Infotec has the full legal right and power and all authority and approval required to enter into, execute and deliver this Agreement and to perform fully their obligations hereunder. This Agreement has been duly executed and delivered and is the valid and binding obligation of GTECInfotec, enforceable in accordance with its terms, except as may be limited by bankruptcy, moratorium, insolvency or other similar laws generally affecting the enforcement of creditors' rights. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby and the performance by GTEC Infotec of this Agreement, in accordance with its respective terms and conditions will not: (i) require the approval or consent of any governmental or regulatory body, the Stockholders of GTECInfotec, or the approval or consent of any other person; (ii) conflict with or result in any breach or violation of any of the terms and conditions of, or constitute (or with any notice or lapse of time or both would constitute) a default under, any order, judgment or decree applicable to GTECInfotec, or any instrument, contract or other agreement to which GTEC Infotec is a party or by or to which GTEC Infotec is bound or subject; or (iii) result in the creation of any lien or other encumbrance on the assets or properties of GTECInfotec.

Authority to Execute and Perform Agreements. GTEC HNS has the full legal right and power and all authority and approval required to enter into, execute and deliver this Agreement and to perform fully their obligations hereunder. This Agreement has been duly executed and delivered and is the valid and binding obligation of GTECHNS, enforceable in accordance with its terms, except as may be limited by bankruptcy, moratorium, insolvency or other similar laws generally affecting the enforcement of creditors' rights. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby and the performance by GTEC HNS of this Agreement, in accordance with its respective terms and conditions will not: (i) require the approval or consent of any governmental or regulatory body, the Stockholders stockholders of GTECHNS, or the approval or consent of any other person; (ii) conflict with or result in any breach or violation of any of the terms and conditions of, or constitute (or with any notice or lapse of time or both would constitute) a default under, any order, judgment or decree applicable to GTECHNS, or any instrument, contract or other agreement to which GTEC HNS is a party or by or to which GTEC HNS is bound or subject; or (iii) result in the creation of any lien or other encumbrance on the assets or properties of GTECHNS.

Authority to Execute and Perform Agreements. GTEC NACT has the full legal right and power and all authority and approval required to enter into, execute and deliver this Agreement and to perform fully their obligations hereunder. This Agreement has been duly executed and delivered and is the valid and binding obligation of GTECNACT, enforceable in accordance with its terms, except as may be limited by bankruptcy, moratorium, insolvency or other similar laws generally affecting the enforcement of creditors' rights. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby and the performance by GTEC NACT of this Agreement, in accordance with its respective terms and conditions will not: (i) require the approval or consent of any governmental or regulatory body, the Stockholders of GTECNACT, or the approval or consent of any other person; (ii) conflict with or result in any breach or violation of any of the terms and conditions of, or constitute (or with any notice or lapse of time or both would constitute) a default under, any order, judgment or decree applicable to GTECNACT, or any instrument, contract or other agreement to which GTEC NACT is a party or by or to which GTEC NACT is bound or subject; or (iii) result in the creation of any lien or other encumbrance on the assets or properties of GTECNACT.

Authority to Execute and Perform Agreements. GTEC Linkwell has the full legal right and power and all authority and approval required to enter into, execute and deliver this Agreement and to perform fully their obligations hereunder. This Agreement has been duly executed and delivered and is the valid and binding obligation of GTECLinkwell, enforceable in accordance with its terms, except as may be limited by bankruptcy, moratorium, insolvency or other similar laws generally affecting the enforcement of creditors' rights. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby and the performance by GTEC Linkwell of this Agreement, in accordance with its respective terms and conditions will not: (i) require the approval or consent of any governmental or regulatory body, the Stockholders of GTECLinkwell, or the approval or consent of any other person; (ii) conflict with or result in any breach or violation of any of the terms and conditions of, or constitute (or with any notice or lapse of time or both would constitute) a default under, any order, judgment or decree applicable to GTECLinkwell, or any instrument, contract or other agreement to which GTEC Linkwell is a party or by or to which GTEC Linkwell is bound or subject; or (iii) result in the creation of any lien or other encumbrance on the assets or properties of GTECLinkwell.

Authority to Execute and Perform Agreements. GTEC Sunwin has the full legal right and power and all authority and approval required to enter into, execute and deliver this Agreement and to perform fully their obligations hereunder. This Agreement has been duly executed and delivered and is the valid and binding obligation of GTECSunwin, enforceable in accordance with its terms, except as may be limited by bankruptcy, moratorium, insolvency or other similar laws generally affecting the enforcement of creditors' rights. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby and the performance by GTEC Sunwin of this Agreement, in accordance with its respective terms and conditions will not: : (i) require the approval or consent of any governmental or regulatory body, the Stockholders of GTECSunwin, or the approval or consent of any other person; ; (ii) conflict with or result in any breach or violation of any of the terms and conditions of, or constitute (or with any notice or lapse of time or both would constitute) a default under, any order, judgment or decree applicable to GTECSunwin, or any instrument, contract or other agreement to which GTEC Sunwin is a party or by or to which GTEC Sunwin is bound or subject; or or (iii) result in the creation of any lien or other encumbrance on the assets or properties of GTECSunwin.