Common use of Authorization and Enforceability of Agreement Clause in Contracts

Authorization and Enforceability of Agreement. The Seller has the full legal right and all requisite power and authority to execute and deliver this Agreement and each Contract, document or certificate contemplated by this Agreement or to be executed and delivered in connection with the consummation of the transactions contemplated by this Agreement (the “Seller Documents”) and to consummate the transactions contemplated hereby and thereby. The execution and delivery by the Seller of this Agreement and the Seller Documents, and the consummation of the transactions contemplated hereby and thereby, have been duly authorized by all requisite action on the part of the Seller and no additional corporate or shareholder authorization or consent is or will be required in connection with the execution, delivery and performance by the Seller of this Agreement or the Seller Documents or the consummation of the transactions contemplated hereby and thereby. This Agreement has been, and each of the Seller Documents will be at or prior to the Closing, duly executed and delivered by the Seller, and (assuming the due authorization, execution and delivery by the other parties hereto and thereto) this Agreement constitutes, and the Seller Documents when so executed and delivered will constitute, valid and binding obligations of the Seller, enforceable against the Seller in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights and remedies generally, and to general principles of equity.

Appears in 4 contracts

Samples: Securities Repurchase Agreement (Fosun International LTD), Securities Repurchase Agreement (Focus Media Holding LTD), Securities Repurchase Agreement (Fosun International LTD)

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Authorization and Enforceability of Agreement. The Seller has the full legal right and all requisite power and authority to execute and deliver this Agreement and each Contract, document or certificate contemplated by this Agreement or to be executed and delivered in connection with the consummation of the transactions contemplated by this Agreement (the “Seller Documents”) and to consummate the transactions contemplated hereby and thereby. The execution and delivery by the Seller of this Agreement and the Seller Documents, and the consummation of the transactions contemplated hereby and thereby, have been duly authorized by all requisite action on the part of the Seller and no additional corporate or shareholder authorization or consent is or will be required in connection with the execution, delivery and performance by the Seller of this Agreement or the Seller Documents or the consummation of the transactions contemplated hereby and thereby. This Agreement has been, and each of the Seller Documents will be at or prior to the Closing, have been duly executed and delivered by the Seller, and (assuming the due authorization, execution and delivery by the other parties hereto and thereto) this Agreement constitutes, and the Seller Documents when so executed and delivered will constitute, constitute valid and binding obligations of the Seller, enforceable against the Seller in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights and remedies generally, and to general principles of equity.

Appears in 2 contracts

Samples: Securities Repurchase Agreement (ReneSola LTD), Securities Repurchase Agreement (ReneSola LTD)

Authorization and Enforceability of Agreement. The Each Seller has the full legal right and all requisite power and authority to execute and deliver this Agreement and each Contract, document or certificate contemplated by this Agreement or to be executed and delivered in connection with the consummation of the transactions contemplated by this Agreement (the “Seller Documents”) and to consummate the transactions contemplated hereby and thereby. The execution and delivery by the each Seller of this Agreement and the any such Seller DocumentsDocuments to which it is a party, and the consummation of the transactions contemplated hereby and thereby, have been duly authorized by all requisite action on the part of the each Seller and no additional corporate or shareholder authorization or consent is or will be required in connection with the execution, delivery and performance by the each Seller of this Agreement or the Seller Documents to which it is a party or the consummation of the transactions contemplated hereby and thereby. This Agreement has been, and each of the Seller Documents will be at or prior to the Closing, duly executed and delivered by each of the Sellerapplicable Sellers, and (assuming the due authorization, execution and delivery by the other parties hereto and thereto) this Agreement constitutes, and the Seller Documents when so executed and delivered will constitute, valid and binding obligations of the Sellereach Seller that is a party hereto and thereto, enforceable against the each Seller in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights and remedies generally, and to general principles of equity.

Appears in 1 contract

Samples: Securities Purchase Agreement (Babcock & Brown JET-i Co., Ltd.)

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Authorization and Enforceability of Agreement. The Seller Purchaser has the full legal right and all requisite power and authority to execute and deliver this Agreement and each Contract, document or certificate contemplated by this Agreement or to be executed and delivered in connection with the consummation of the transactions contemplated by this Agreement (the “Seller Purchaser Documents”) and to consummate the transactions contemplated hereby and thereby. The execution and delivery by the Seller Purchaser of this Agreement and the Seller Documentsany such Purchaser Documents to which it is a party, and the consummation of the transactions contemplated hereby and thereby, have been duly authorized by all requisite action on the part of the Seller Purchaser and no additional corporate or shareholder authorization or consent is or will be required in connection with the execution, delivery and performance by the Seller Purchaser of this Agreement or the Seller Purchaser Documents to which it is a party or the consummation of the transactions contemplated hereby and thereby. This Agreement has been, and each of the Seller Purchaser Documents will be at or prior to the Closing, duly executed and delivered by the SellerPurchaser, and (assuming the due authorization, execution and delivery by the other parties hereto and thereto) this Agreement constitutes, and the Seller Purchaser Documents when so executed and delivered will constitute, valid and binding obligations of the SellerPurchaser, enforceable against the Seller Purchaser in accordance with their respective terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws affecting creditors’ rights and remedies generally, and to general principles of equity.

Appears in 1 contract

Samples: Securities Purchase Agreement (Babcock & Brown JET-i Co., Ltd.)

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