Common use of Authorization and Binding Effect Clause in Contracts

Authorization and Binding Effect. The execution, delivery and performance of this Agreement by Seller and the consummation of the transactions contemplated by this Agreement have been all duly authorized by the directors of the Seller and all the corporate acts, proceedings and approvals required of Seller, its officers, directors and shareholders for all of the foregoing have been duly taken and remain in effect. This Agreement constitutes the legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms.

Authorization and Binding Effect. The execution, delivery ---------------------------------- and performance of this Agreement agreement by Seller Buyer and the consummation of the transactions contemplated by this Agreement agreement have been all duly authorized by the board of directors of the Seller Buyer, and all the corporate acts, proceedings and approvals required of Sellerthe Buyer, its officers, directors diectors and shareholders for all of the foregoing have been duly taken and remain in effect. This Agreement agreement constitutes the legal, valid and binding obligation of SellerBuyer, enforceable against Seller Buyer in accordance with its terms.

Authorization and Binding Effect. The execution, delivery and performance of this Agreement by Seller Buyer and the consummation of the transactions contemplated by this Agreement have been all duly authorized by the directors managers of the Seller Buyer and all the corporate acts, proceedings and approvals required of Seller, Buyer and its officers, directors and shareholders managers for all of the foregoing have been duly taken and remain in effect. This Agreement constitutes the legal, valid and binding obligation of SellerBuyer, enforceable against Seller Buyer in accordance with its terms.

Authorization and Binding Effect. The execution, delivery This Agreement has been duly executed and performance of this Agreement by Seller and the consummation of the transactions contemplated by this Agreement have been all duly authorized delivered by the directors of the Seller Purchaser and all the corporate acts, proceedings and approvals required of Seller, its officers, directors and shareholders for all of the foregoing have been duly taken and remain in effect. This Agreement constitutes the legal, valid and binding obligation of Sellereach the Purchaser, enforceable against Seller in accordance with its terms.

Authorization and Binding Effect. The execution, delivery ---------------------------------- and performance of this Agreement agreement by the Seller and the consummation of the transactions contemplated by this Agreement agreement have been all duly authorized by the board of directors of the Seller and all the corporate acts, proceedings and approvals required of the Seller, its officers, directors and shareholders for all of the foregoing have been duly taken and remain in effect. This Agreement agreement constitutes the legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms.