Common use of Authority, Validity and Binding Effect Clause in Contracts

Authority, Validity and Binding Effect. The execution and delivery of this Agreement, and each of the documents to be executed by or on behalf of each of Buyer and Adventist Health pursuant to this Agreement, and the performance of the transactions contemplated hereby, have been duly authorized by the respective Boards of Directors and by all other necessary corporate actions on the part of Buyer and Adventist Health. Buyer and Adventist Health have all requisite power and authority to enter into, consummate, perform and carry out all of the terms and provisions of this Agreement. This Agreement is a legal, valid and binding obligation of Buyer and Adventist Health, enforceable against Buyer and Adventist Health respectively in accordance with its terms, except insofar as enforcement thereof may be limited by bankruptcy, moratorium, insolvency or similar Laws affecting creditor’s rights, and all general equitable principles.

Appears in 8 contracts

Samples: Agreement for Purchase and Sale of Assets, Agreement for Purchase and Sale of Assets, Agreement for Purchase and Sale of Assets

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