Common use of Authorization and Approval of Agreement Clause in Contracts

Authorization and Approval of Agreement. Buyer has full corporate power and authority to enter into this Agreement and to carry out the transactions contemplated hereby. The execution, delivery and performance of this Agreement by Buyer has been duly authorized by Buyer's Board of Directors and requires no further corporate action for valid authorization. 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 Buyer.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Alpharma Inc), Agreement of Sale (Alpharma Inc)

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Authorization and Approval of Agreement. Buyer has full all requisite corporate power and authority to enter into this Agreement and to carry out perform the transactions contemplated herebyobligations required to be performed by it hereunder. The execution, All corporate proceedings required by the Articles of Incorporation and Bylaws of Buyer or otherwise required by law for the execution and delivery and performance of this Agreement by Buyer has and for the consummation of the transactions provided for herein, have been duly authorized by Buyer's Board of Directors and requires no further corporate action for valid authorization. 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 Buyertaken.

Appears in 1 contract

Samples: Stock Purchase Agreement (Autocam Corp/Mi)

Authorization and Approval of Agreement. Buyer has full 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 carry out the transactions contemplated herebybinding obligation of Buyer enforceable in accordance with its terms. The execution, delivery delivery, consummation, and performance of this Agreement by Buyer has been duly authorized by Buyer's Board of Directors and requires no further all necessary corporate action for valid authorization. The Agreement upon its execution and delivery by Buyer (assuming due authorization, execution and delivery by Seller) will constitute on the legal, valid and binding obligation part of Buyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (U S Laboratories Inc)

Authorization and Approval of Agreement. Buyer Purchaser has full all requisite corporate power and legal authority to enter into execute, deliver and perform the terms of this Agreement and all agreements necessary to carry out 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 contemplated herebyhereby have been taken or obtained. The execution, delivery and performance of this This Agreement by Buyer has been duly authorized by Buyer's Board of Directors and requires no further corporate action for valid authorization. The Agreement upon its execution and delivery by Buyer (assuming due authorization, execution and delivery by Seller) will constitute the legal, is a valid and binding obligation of BuyerPurchaser, enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Asset Acquisition Agreement (Optelecom Inc)

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Authorization and Approval of Agreement. Buyer has full all requisite corporate power and authority to enter into this Agreement and to carry out perform the transactions contemplated herebyobligations required to be performed by its hereunder. The execution, All corporate proceedings required of Buyer for the execution and delivery and performance of this Agreement by Buyer has and for the consummation of the transactions provided for herein have been duly authorized by Buyer's Board of Directors and requires no further corporate action for valid authorization. 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 Buyertaken.

Appears in 1 contract

Samples: Stock Purchase Agreement (Noble Internatinal LTD)

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