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

Authority to Execute and Perform Agreements. 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 Infotec, 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 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 Infotec, 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 Infotec, or any instrument, contract or other agreement to which Infotec is a party or by or to which Infotec is bound or subject; or (iii) result in the creation of any lien or other encumbrance on the assets or properties of Infotec.

Authority to Execute and Perform Agreements. Infotec 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 InfotecGTEC, 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 Infotec 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 InfotecGTEC, 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 InfotecGTEC, or any instrument, contract or other agreement to which Infotec GTEC is a party or by or to which Infotec GTEC is bound or subject; or (iii) result in the creation of any lien or other encumbrance on the assets or properties of InfotecGTEC.

Authority to Execute and Perform Agreements. Infotec 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 InfotecHNS, 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 Infotec 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 InfotecHNS, 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 InfotecHNS, or any instrument, contract or other agreement to which Infotec HNS is a party or by or to which Infotec HNS is bound or subject; or (iii) result in the creation of any lien or other encumbrance on the assets or properties of InfotecHNS.

Authority to Execute and Perform Agreements. Infotec 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 InfotecNACT, 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 Infotec 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 InfotecNACT, 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 InfotecNACT, or any instrument, contract or other agreement to which Infotec NACT is a party or by or to which Infotec NACT is bound or subject; or (iii) result in the creation of any lien or other encumbrance on the assets or properties of InfotecNACT.

Authority to Execute and Perform Agreements. Infotec 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 InfotecSunwin, 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 Infotec 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 InfotecSunwin, 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 InfotecSunwin, or any instrument, contract or other agreement to which Infotec Sunwin is a party or by or to which Infotec Sunwin is bound or subject; or or (iii) result in the creation of any lien or other encumbrance on the assets or properties of InfotecSunwin.

Authority to Execute and Perform Agreements. Infotec 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 InfotecLinkwell, 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 Infotec 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 InfotecLinkwell, 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 InfotecLinkwell, or any instrument, contract or other agreement to which Infotec Linkwell is a party or by or to which Infotec Linkwell is bound or subject; or (iii) result in the creation of any lien or other encumbrance on the assets or properties of InfotecLinkwell.