Common use of Authorization and Effect of Agreement Clause in Contracts

Authorization and Effect of Agreement. This Agreement and all other agreements and instruments to be executed in connection herewith or pursuant hereto have been duly authorized and approved by all requisite corporate action of Buyer and when executed and delivered by Buyer shall constitute the legal, valid and binding obligations of Buyer enforceable against it in accordance with their respective terms, except as limited by bankruptcy, insolvency or other laws affecting generally the enforcement of creditors rights. The execution, delivery and performance of this Agreement will not violate any provision of any law, rule or regulation applicable to Buyer, or any order, judgment or decree of any court or other governmental agency binding on Buyer or any agreement or instrument to which Buyer is a party of by which it may be bound.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Phoenix Waste Services Co Inc), Stock Purchase Agreement (Phoenix Waste Services Co Inc), Stock Purchase Agreement (Phoenix Waste Services Co Inc)

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Authorization and Effect of Agreement. This Agreement and all other agreements and instruments to be executed in connection herewith or pursuant hereto have been duly authorized and approved by all requisite corporate action of Buyer the Seller and when executed and delivered by Buyer the Seller shall constitute the legal, valid and binding obligations of Buyer the Seller, enforceable against it Seller in accordance with their its respective terms, except as limited by bankruptcy, insolvency or other laws affecting generally the enforcement of creditors creditors' rights. The execution, delivery and performance of this Agreement will not violate any provision of any law, rule or regulation applicable to Buyerthe Seller, or any order, judgment or decree of any court or other governmental agency binding on Buyer the Seller or any agreement or instrument to which Buyer the Seller is a party of or by which it may be bound.

Appears in 1 contract

Samples: Asset Purchase Agreement (Phoenix Waste Services Co Inc)

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Authorization and Effect of Agreement. This Agreement and all other agreements and instruments to be executed in connection herewith or pursuant hereto have been duly authorized and approved by all requisite corporate action of Buyer the Buyer, and when executed and delivered by the Buyer shall constitute the legal, valid and binding obligations of the Buyer enforceable against it in accordance with their respective terms, except as limited by bankruptcy, insolvency or other laws affecting generally the enforcement of creditors rights. The execution, delivery and performance of this Agreement will not violate any provision of any law, rule or regulation applicable to the Buyer, or any order, judgment or decree of any court or other governmental agency binding on the Buyer or any agreement or instrument to which the Buyer is a party of by which it may be bound.

Appears in 1 contract

Samples: Asset Purchase Agreement (Phoenix Waste Services Co Inc)

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