Common use of Authorization and Binding Effect of Documents Clause in Contracts

Authorization and Binding Effect of Documents. Buyer has the power and authority to execute, deliver, and perform its obligations under this Agreement and each of the other Documents and to consummate the transactions contemplated hereby and thereby, each having been duly authorized and approved by all necessary corporate action on the part of Buyer. This Agreement and each of the other Documents to be executed by Buyer have been, or at or prior to the Closing will be, duly executed and delivered by Buyer. This Agreement constitutes (and each of the other Documents, when executed and delivered by Buyer will constitute) legal and valid obligations of Buyer enforceable against Buyer in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (American Communications Enterprises Inc)

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Authorization and Binding Effect of Documents. Buyer has the all requisite corporate power and authority to execute, deliver, and perform its obligations under enter into this Agreement and each of the other Documents and to consummate the transactions contemplated hereby by this Agreement. The execution and thereby, delivery of this Agreement and each having of the other Documents by Buyer and the consummation by Buyer of the transactions contemplated by this Agreement have been duly authorized and approved by all necessary corporate action (including all necessary shareholder approvals) on the part of Buyer. This Agreement has been, and each of the other Documents to be executed by Buyer have been, or at or prior to the Closing will be, duly executed and delivered by Buyer. This Agreement constitutes (and each of the other Documents, when executed and delivered by Buyer delivered, will constitute) legal the valid and valid obligations binding obligation of Buyer Seller enforceable against Buyer in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Emmis Broadcasting Corporation)

Authorization and Binding Effect of Documents. Buyer Seller has the all requisite corporate power and authority to execute, deliver, and perform its obligations under enter into this Agreement and each of the other Documents and to consummate the transactions contemplated hereby by this Agreement. The execution and thereby, each having been duly authorized and approved by all necessary corporate action on the part delivery of Buyer. This this Agreement and each of the other Documents to be executed by Buyer Seller and the consummation by Seller of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate action (including shareholder approval) on the part of Seller. This Agreement has been, or and each of the other Documents at or prior to the Closing will be, duly executed and delivered by BuyerSeller. This Agreement constitutes (and each of the other Documents, when executed and delivered by Buyer delivered, will constitute) legal the valid and valid obligations binding obligation of Buyer Seller enforceable against Buyer Seller in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Emmis Communications Corp)

Authorization and Binding Effect of Documents. Buyer has the all requisite corporate power and authority to execute, deliver, and perform its obligations under enter into this Agreement and each of the other Documents and to consummate the transactions contemplated hereby by this Agreement. The execution and thereby, delivery of this Agreement and each having of the other Documents by Buyer and the consummation by Buyer of the transactions contemplated by this Agreement have been duly authorized and approved by all necessary corporate action on the part of Buyer. This Agreement has been, and each of the other Documents to be executed by Buyer have been, or at or prior to the Closing will be, duly executed and delivered by Buyer. This Agreement constitutes (and each of the other Documents, when executed and delivered by Buyer delivered, will constitute) legal the valid and valid obligations binding obligation of Buyer Seller enforceable against Buyer in accordance with its terms.

Appears in 1 contract

Samples: Option Agreement (Emmis Broadcasting Corporation)

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Authorization and Binding Effect of Documents. Buyer Seller has the all requisite partnership power and authority to execute, deliver, and perform its obligations under enter into this Agreement and each of the other Documents and to consummate the transactions contemplated hereby by this Agreement. The execution and thereby, each having been duly authorized and approved by all necessary corporate action on the part delivery of Buyer. This this Agreement and each of the other Documents to be executed by Buyer Seller and the consummation by Seller of the transactions contemplated by this Agreement have been duly authorized by all necessary partnership action on the part of Seller. This Agreement has been, or and each of the other Documents at or prior to the Closing will be, duly executed and delivered by BuyerSeller. This Agreement constitutes (and each of the other Documents, when executed and delivered by Buyer delivered, will constitute) legal the valid and valid obligations binding obligation of Buyer Seller enforceable against Buyer Seller in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Emmis Broadcasting Corporation)

Authorization and Binding Effect of Documents. Buyer has the all requisite partnership power and authority to execute, deliver, and perform its obligations under enter into this Agreement and each of the other Documents and to consummate the transactions contemplated hereby by this Agreement. The execution and thereby, delivery of this Agreement and each having of the other Documents by Buyer and the consummation by Buyer of the transactions contemplated by this Agreement have been duly authorized and approved by all necessary corporate partnership action on the part of Buyer. This Agreement has been, and each of the other Documents to be executed by Buyer have been, or at or prior to the Closing will be, duly executed and delivered by Buyer. This Agreement constitutes (and each of the other Documents, when executed and delivered by Buyer delivered, will constitute) legal the valid and valid obligations binding obligation of Buyer enforceable against Buyer in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Emmis Communications Corp)

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