Common use of Authorization and Approval of Agreement Clause in Contracts

Authorization and Approval of Agreement. Buyer has all requisite corporate power and authority to enter into this Agreement and to perform the obligations required to be performed by it hereunder. All corporate proceedings required by the Articles of Incorporation and Bylaws of Buyer or otherwise required by law for the execution and delivery of this Agreement and for the consummation of the transactions provided for herein, have been duly taken.

Appears in 1 contract

Samples: Stock Purchase Agreement (Autocam Corp/Mi)

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Authorization and Approval of Agreement. Buyer Purchaser has all requisite corporate power and legal authority to enter into this Agreement execute, deliver and to perform the obligations required to be performed by it hereunder. All corporate proceedings required by the Articles of Incorporation and Bylaws of Buyer or otherwise required by law for the execution and delivery terms of this Agreement and for all agreements necessary to give effect to this Agreement. All corporate action and other authorizations required to be taken or obtained by Purchaser prerequisite to the execution of this Agreement and the consummation of the transactions provided for herein, contemplated hereby have been duly takentaken or obtained. This Agreement is a valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Asset Acquisition Agreement (Optelecom Inc)

Authorization and Approval of Agreement. Buyer has all requisite full corporate power and authority to enter into this Agreement and to perform carry out the obligations required to be performed transactions contemplated hereby. The execution, delivery and performance of this Agreement by it hereunderBuyer has been duly authorized by Buyer's Board of Directors and requires no further corporate action for valid authorization. All corporate proceedings required by the Articles of Incorporation and Bylaws of Buyer or otherwise required by law for the The Agreement upon its execution and delivery by Buyer (assuming due authorization, execution and delivery by Seller) will constitute the legal, valid and binding obligation of this Agreement and for the consummation of the transactions provided for herein, have been duly taken.Buyer. (c)

Appears in 1 contract

Samples: Agreement of Sale (Alpharma Inc)

Authorization and Approval of Agreement. Buyer has all requisite corporate power the right, power, legal capacity, and authority to enter into and perform its obligations under this Agreement, and this Agreement constitutes the valid and to perform the obligations required to be performed by it hereunder. All corporate proceedings required by the Articles of Incorporation and Bylaws binding obligation of Buyer or otherwise required by law for the execution enforceable in accordance with its terms. The execution, delivery, consummation, and delivery performance of this Agreement and for the consummation of the transactions provided for herein, have by Buyer has been duly takenauthorized by all necessary corporate action on the part of Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (U S Laboratories Inc)

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Authorization and Approval of Agreement. Buyer has all requisite corporate power and authority to enter into this Agreement and to perform the obligations required to be performed by it its hereunder. All corporate proceedings required by the Articles of Incorporation and Bylaws of Buyer or otherwise required by law for the execution and delivery of this Agreement and for the consummation of the transactions provided for herein, herein have been duly taken.

Appears in 1 contract

Samples: Stock Purchase Agreement (Noble Internatinal LTD)

Authorization and Approval of Agreement. Buyer has all requisite full corporate power and authority to enter into this Agreement and to perform carry out the obligations required to be performed transactions contemplated hereby. The execution, delivery and performance of this Agreement by it hereunderBuyer has been duly authorized by Buyer's Board of Directors and requires no further corporate action for valid authorization. All corporate proceedings required by the Articles of Incorporation and Bylaws of Buyer or otherwise required by law for the The Agreement upon its execution and delivery by Buyer (assuming due authorization, execution and delivery by Seller) will constitute the legal, valid and binding obligation of this Agreement and for the consummation of the transactions provided for herein, have been duly takenBuyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Alpharma Inc)

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