Common use of Authorization and Enforceability; No Conflict Clause in Contracts

Authorization and Enforceability; No Conflict. Each Buyer has the full capacity, power and authority to enter into this Agreement and to carry out the transactions and agreements contemplated hereby. This Agreement is binding upon each Buyer and is enforceable against each Buyer in accordance with its terms. The execution and delivery of this Agreement by each Buyer and the purchase of the Shares pursuant hereto will not conflict with, or result in a breach of or a default under any agreement or instrument to which any Buyer is a party or by which any Buyer is bound, or violate any law, rule or regulation of any governmental entity or any order or decree of any court or governmental entity to which any Buyer is subject or by which any Buyer is bound.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Miller Exploration Co), Stock Purchase Agreement (Miller Exploration Co)

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Authorization and Enforceability; No Conflict. Each Buyer Seller has the full capacity, power and authority to enter into this Agreement and to carry out the transactions and agreements contemplated hereby. This Agreement is binding upon each Buyer Seller and is enforceable against each Buyer Seller in accordance with its terms. The execution and delivery of this Agreement by each Buyer Seller and the purchase sale of the Shares pursuant hereto will not conflict with, or result in a breach of or a default under any agreement or instrument to which any Buyer Seller is a party or by which any Buyer Seller is bound, or violate any law, rule or regulation of any governmental entity or any order or decree of any court or governmental entity to which any Buyer Seller is subject or by which any Buyer Seller is bound.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Miller Exploration Co), Stock Purchase Agreement (Miller Exploration Co)

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