Common use of Authorization and Enforceability Clause in Contracts

Authorization and Enforceability. This Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 16 contracts

Samples: Purchase and Sale Agreement, Lease Acquisition Agreement, Purchase and Sale Agreement (Carbon Natural Gas Co)

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Authorization and Enforceability. The execution, delivery and performance of this Agreement and the Transaction have been duly and validly authorized by all requisite company action on behalf of Buyer. This Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 7 contracts

Samples: Purchase and Sale Agreement (Ultra Petroleum Corp), Purchase and Sale Agreement (Ultra Petroleum Corp), Purchase and Sale Agreement (Energy XXI LTD)

Authorization and Enforceability. This Agreement constitutes Buyer’s 's legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 6 contracts

Samples: Purchase and Sale Agreement, Restatement of Lease Acquisition Agreement, Purchase and Sale Agreement (Empire Petroleum Corp)

Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and conveyance and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at lawequity.

Appears in 5 contracts

Samples: Business Purchase Agreement (Carsmartt, Inc.), Business Purchase Agreement (LiveWire Ergogenics, Inc.), Business Purchase Agreement (LiveWire Ergogenics, Inc.)

Authorization and Enforceability. This Agreement constitutes Buyersuch Seller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (AMERICAN EAGLE ENERGY Corp), Purchase and Sale Agreement (American Eagle Energy Inc.), Purchase and Sale Agreement (Eternal Energy Corp.)

Authorization and Enforceability. This The execution, delivery and performance of this Agreement has been duly authorized by all necessary corporate action on the part of Buyer, and constitutes Buyer’s the legal, valid and binding obligation, obligation of Buyer enforceable against Buyer in accordance with its terms, subject, however, to the effects of except as such enforceability may be limited by: (i) applicable bankruptcy, insolvency, reorganization, moratorium and or other similar laws for affecting the protection enforcement of creditors, as well as to ' rights generally; and (ii) general principles of equity, equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 4 contracts

Samples: Stock Purchase Agreement (Ultrapetrol Bahamas LTD), Stock Purchase Agreement (Ultrapetrol Bahamas LTD), Stock Purchase Agreement (Ultrapetrol Bahamas LTD)

Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Legacy Reserves Lp), Lease Acquisition and Participation Agreement (Samson Oil & Gas LTD)

Authorization and Enforceability. This Agreement constitutes Buyer’s Seller's legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and conveyance and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at lawequity.

Appears in 3 contracts

Samples: Business Purchase Agreement (E Med Future, Inc.), Business Purchase Agreement (E Med Future, Inc.), Business Purchase Agreement

Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Samson Oil & Gas LTD), Purchase and Sale Agreement (New Frontier Energy Inc), Lease Acquisition Agreement (American Eagle Energy Inc.)

Authorization and Enforceability. This Agreement and each of the documents, instruments and agreements contemplated hereby to which it is a party, when duly executed and delivered by Buyer, constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (LSB Industries Inc)

Authorization and Enforceability. This Assuming the due authorization, execution and delivery by Seller, this Agreement constitutes BuyerPurchaser’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and other laws Laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement by And, Purchase and Sale Agreement (Emerald Oil, Inc.)

Authorization and Enforceability. This Assuming the due authorization, execution and delivery by Seller, this Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Kodiak Oil & Gas Corp)

Authorization and Enforceability. This Assuming the due authorization, execution and delivery by Purchaser, this Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and other laws Laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement by And, Purchase and Sale Agreement (Emerald Oil, Inc.)

Authorization and Enforceability. This Agreement constitutes Buyer’s Seller's legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Empire Petroleum Corp), Purchase and Sale Agreement (Sterling Oil & Gas CO)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the Transaction have been duly and validly authorized by all requisite corporate action on Buyer’s part. This Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Teton Energy Corp), Purchase and Sale Agreement (PetroHunter Energy Corp)

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Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co), Purchase and Sale Agreement (Delta Petroleum Corp/Co)

Authorization and Enforceability. This Assuming the due authorization, execution and delivery by Buyer, this Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Kodiak Oil & Gas Corp)

Authorization and Enforceability. This Agreement constitutes Buyereach Seller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Carbon Natural Gas Co)

Authorization and Enforceability. This Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, subject however to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Samson Oil & Gas LTD)

Authorization and Enforceability. This Agreement constitutes constitutes, and each other document executed and delivered by Buyer in connection with the Transaction will constitute, Buyer’s legal, valid and binding obligation, enforceable in accordance with its their respective terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other similar laws for the protection of creditors, creditors and equitable principles which may limit the availability of certain equitable remedies (such as well as to general principles of equity, regardless whether such enforceability is considered specific performance) in a proceeding in equity or at lawcertain instances.

Appears in 1 contract

Samples: Purchase, Sale and Exploration Agreement (Teton Energy Corp)

Authorization and Enforceability. This Buyer has full capacity, power and authority to enter into this Agreement constitutes Buyer’s legaland to carry out the transactions contemplated by this Agreement, valid and this Agreement and all ancillary agreements are binding obligation, upon Buyer and are enforceable against Buyer in accordance with its their terms, subject, however, subject to the effects of bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the rights and other laws for the protection remedies of creditors, creditors as well as to general principles of equity, equity (regardless of whether such enforceability is in considered in an action at law or in a proceeding suit in equity or at lawequity).

Appears in 1 contract

Samples: Asset Purchase Agreement (Communications Instruments Inc)

Authorization and Enforceability. This Assuming the due authorization, execution and delivery by Sellers, this Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Endeavour International Corp)

Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, subject however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and conveyance and other laws for the protection of creditors, as well as to general principles principals of equity, regardless whether such enforceability is considered in a proceeding in equity or at lawequity.

Appears in 1 contract

Samples: Business Purchase Agreement (NMI Health, Inc.)

Authorization and Enforceability. This Agreement constitutes Buyer’s Seller's legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganizationreorganization moratorium, moratorium fraudulent transfer and conveyance and other laws for the protection of creditors, as well as to general principles of equity, equity regardless whether such enforceability is considered in a proceeding in equity or at lawequity.

Appears in 1 contract

Samples: Member Interests Business Purchase Agreement (E Med Future, Inc.)

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