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 Seller pursuant to this Agreement, and the performance of the transactions contemplated hereby, have been duly authorized by the board of directors of Seller. Seller has all requisite power and authority to enter into, consummate and perform this Agreement and carry out all of the terms and provisions of this Agreement, subject to Electorate Approval, any required approvals in the Chapter 9 Proceeding and receipt of consents which the Parties contemplate will be obtained prior to the Closing Date. This Agreement is a legal, valid and binding obligation of Seller, enforceable against Seller 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 7 contracts
Samples: Agreement for Purchase and Sale of Assets, Agreement for Purchase and Sale of Assets, Agreement for Purchase and Sale of Assets
