Common use of Authorization and Binding Effect Clause in Contracts

Authorization and Binding Effect. The execution and delivery of this Agreement, the performance by Purchaser of its obligations hereunder and the consummation of the transactions contemplated hereby in accordance with the terms hereof have been duly authorized by all requisite action on the part of Purchaser. This Agreement has been duly executed and delivered by Xxxxxxxxx, and, assuming due execution and delivery by Sellers, constitutes the legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors’ rights generally and by general equitable principles.

Authorization and Binding Effect. The execution and delivery of this Agreement, the performance by Purchaser such Seller of its obligations hereunder and the consummation of the transactions contemplated hereby in accordance with the terms hereof have been duly authorized by all requisite action on the part of Purchasersuch Seller. This Agreement has been duly executed and delivered by Xxxxxxxxxsuch Seller, and, assuming due execution and delivery by Sellerseach of the other Parties, constitutes the legal, valid and binding obligation of Purchasersuch Seller, enforceable against Purchaser such Seller in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors’ rights generally and by general equitable principles.

Authorization and Binding Effect. The execution and delivery of this AgreementAgreement by Buyer, the performance by Purchaser Buyer of its obligations hereunder and the consummation by Buyer of the transactions contemplated hereby in accordance with the terms hereof have been duly authorized by all requisite action on the part of PurchaserBuyer. This Agreement has been duly executed and delivered by Xxxxxxxxx, and, the Company and (assuming due authorization, execution and delivery by Sellers, the Seller Parties and the Company) constitutes the a legal, valid and binding obligation of PurchaserBuyer, enforceable against Purchaser Buyer in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws and other laws affecting creditors’ rights generally and or by general equitable principles.