Common use of Authorization and Effect of Agreement Clause in Contracts

Authorization and Effect of Agreement. Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and to perform the transactions contemplated hereby to be performed by it. The execution and delivery by Purchaser of this Agreement and the performance by it of the transactions contemplated hereby to be performed by it have been duly authorized by all necessary corporate action on the part of Purchaser. This Agreement and each of the other documents and instruments contemplated hereby have been duly executed and delivered by Purchaser and, assuming the due execution and delivery of this Agreement by Seller, constitutes a valid and binding obligation of Purchaser, enforceable in accordance with its terms.

Authorization and Effect of Agreement. Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and to perform the transactions contemplated hereby to be performed by itPurchaser. The execution and delivery by Purchaser of this Agreement and the performance by it Purchaser of the transactions contemplated hereby to be performed by it Purchaser have been duly authorized by all necessary corporate action on the part of Purchaser. This Agreement and each of the other documents and instruments contemplated hereby have has been duly executed and delivered by Purchaser and, assuming the due execution and delivery of this Agreement by Seller, constitutes a valid and binding obligation of Purchaser, Purchaser enforceable in accordance with its termsterms except as such enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights generally.

Authorization and Effect of Agreement. Purchaser has the requisite corporate power and authority to execute and to deliver this Agreement and to perform the transactions contemplated hereby to be performed by itPurchaser. The execution and delivery by Purchaser of this Agreement and the performance by it Purchaser of the transactions contemplated hereby to be performed by it Purchaser have been duly authorized by all necessary corporate action on the part of Purchaser. This Agreement and each of the other documents and instruments contemplated hereby have has been duly executed and delivered by Purchaser and, assuming the due execution and delivery of this Agreement by SellerSeller and the Stockholders, constitutes a valid and binding obligation of Purchaser, enforceable except as may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors' rights in accordance with its termsgeneral and subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Authorization and Effect of Agreement. Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and to perform the transactions contemplated hereby to be performed by it. The All necessary corporate action required to be taken for the due authorization of the execution and delivery by Purchaser of this Agreement by Purchaser and the performance by it of the transactions contemplated hereby to be performed by it have has been duly authorized by all necessary corporate action on the part of Purchasertaken. This Agreement and each of the other documents and instruments contemplated hereby have has been duly executed and delivered by Purchaser and, assuming the due execution and delivery of this Agreement by SellerSellers and CVSI, constitutes a valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy and other laws of general application relating to creditors' rights or general principles of equity.