Common use of Authorization and Enforceability Clause in Contracts

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been duly and validly authorized by all requisite limited liability company action on its part. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, the legal, valid and binding obligations of it, enforceable in accordance with their respective 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 2 contracts

Samples: Asset Purchase Agreement (CNX Gas CORP), Asset Purchase Agreement (CNX Gas CORP)

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Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby this Transaction have been duly and validly authorized by all requisite limited liability company action on its partbehalf of Buyer. This Agreement constitutes, and all agreements and instruments delivered other documents executed by it pursuant hereto constitute, the Buyer in connection with this Transaction constitute Buyer’s legal, valid and binding obligations of itobligations, enforceable in accordance with 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 of whether such enforceability is considered specific performance) in a proceeding in equity or at lawcertain instances.

Appears in 2 contracts

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

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been duly and validly authorized by all requisite limited liability company action on its partof the Purchaser. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, constitutes the legal, valid and binding obligations obligation of itthe Purchaser, and is enforceable in accordance with their respective its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditorscreditors generally, 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 2 contracts

Samples: Securities Purchase Agreement (Petro River Oil Corp.), Securities Purchase Agreement (Petro River Oil Corp.)

Authorization and Enforceability. The execution, delivery and performance of this Agreement Agreement, and the transactions transaction contemplated hereby hereby, have been duly and validly authorized by all requisite limited liability company necessary action on its partthe part of Buyer. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, constitutes the legal, valid and binding obligations obligation of itBuyer, enforceable in accordance with their respective terms, subject, however, to its terms except as such enforceability may be limited by applicable bankruptcy or other similar laws affecting the effects rights and remedies of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, creditors generally as well as to general principles of equity, equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Amazing Energy Oil & Gas, Co.), Purchase and Sale Agreement (Amazing Energy Oil & Gas, Co.)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby this Transaction have been duly and validly authorized by all requisite limited liability company action on its partbehalf of Buyer. This Agreement constitutes, and all agreements and instruments delivered each other document executed by it pursuant hereto constitute, the Buyer in connection with this Transaction constitutes Buyer's legal, valid and binding obligations of itobligation, enforceable in accordance with 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 of whether such enforceability is considered specific performance) in a proceeding in equity or at lawcertain instances.

Appears in 2 contracts

Samples: Joint Operating Agreement (Petroleum Development Corp), Joint Operating Agreement (Petroleum Development Corp)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been duly and validly authorized by all requisite limited liability company action on its part. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, the legal, valid and binding obligations of it, enforceable in accordance with their respective 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 2 contracts

Samples: Asset Purchase Agreement (CNX Gas CORP), Asset Exchange Agreement (CNX Gas CORP)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been duly and validly authorized by all requisite limited liability company action on of the Purchaser and its partparent, if any. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, constitutes the legal, valid and binding obligations obligation of itthe Purchaser, and is enforceable in accordance with their respective its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditorscreditors generally, 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 2 contracts

Samples: Securities Purchase Agreement (Chaparral Energy, Inc.), Stock Purchase Agreement (El Paso Production Holding Co)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby this Transaction have been duly and validly authorized by all requisite limited liability company action on its partbehalf of Buyer. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, the constitutes Buyer’s legal, valid and binding obligations of itobligation, enforceable in accordance with their respective 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 of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Ausam Energy Corp), Purchase and Sale Agreement (Ausam Energy Corp)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been duly and validly authorized by all requisite limited liability company action on its Seller’s and Shareholder’s part. This Agreement constitutes, constitutes each of Seller’s and all agreements and instruments delivered by it pursuant hereto constitute, the Shareholder’s legal, valid and binding obligations of itobligation, enforceable in accordance with their respective 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 2 contracts

Samples: Asset Purchase Agreement (Penn Octane Corp), Asset Purchase Agreement (Rio Vista Energy Partners Lp)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have by Buyer has been duly and validly authorized by all requisite limited liability company necessary corporate action on its part. This Agreement constitutesthe part of Buyer, and all agreements and instruments delivered by it pursuant hereto constitute, the constitutes a legal, valid and binding obligations obligation of it, Buyer enforceable against Buyer in accordance with their respective 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 1 contract

Samples: Stock Purchase Agreement (Ultrapetrol Bahamas LTD)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby by this Agreement have been duly and validly authorized by all requisite limited liability company corporate action on its partbehalf of Buyer. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, the constitutes Buyer’s legal, valid and binding obligations of itobligation, enforceable in accordance with their respective 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 of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Hyperdynamics Corp)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby Transaction have been duly and validly authorized by all requisite limited liability company action on its partbehalf of Buyer. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, the constitutes Buyer's legal, valid and binding obligations of itobligation, enforceable in accordance with their respective 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 of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Bill Barrett Corp)

Authorization and Enforceability. The execution, delivery and performance of this Agreement Agreement, and the transactions transaction contemplated hereby hereby, have been duly and validly authorized by all requisite limited liability company necessary action on its partthe part of Purchaser. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, constitutes the legal, valid and binding obligations obligation of itPurchaser, enforceable in accordance with their respective terms, subject, however, to its terms except as such enforceability may be limited by applicable bankruptcy or other similar laws affecting the effects rights and remedies of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, creditors generally as well as to general principles of equity, 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 (Inform Worldwide Holdings Inc)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby Transaction have been duly and validly authorized by all requisite limited liability company action on its partbehalf of Buyer. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, the constitutes Buyer’s legal, valid and binding obligations of itobligation, enforceable in accordance with their respective 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 of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Viking Energy Group, Inc.)

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Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been duly and validly authorized by all requisite limited liability company corporate action on its Buyer's part. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, the constitutes Buyer's legal, valid and binding obligations of itobligation, enforceable in accordance with their respective 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 of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Kansas City Power & Light Co)

Authorization and Enforceability. The execution, delivery and performance of this Agreement (and the transactions contemplated hereby have been that of any agreement executed by Seller pursuant hereto) is duly and validly authorized by all requisite limited liability company action on its part. This Agreement constitutesauthorized, and all agreements this Agreement has been duly executed and instruments delivered by it pursuant hereto constitute, and constitutes the legal, valid and binding obligations obligation of itSeller, enforceable in accordance with their respective 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 (PetroHunter Energy Corp)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been duly and validly authorized by all requisite limited liability company corporate action on in its part. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, constitutes the legal, valid and binding obligations obligation of itBuyer, enforceable in accordance with their respective 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 of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ring Energy, Inc.)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby Transaction have been duly and validly authorized by all requisite limited liability company action on its partbehalf of Buyer. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, the constitutes Buyer’s legal, valid and binding obligations of itobligation, enforceable in accordance with their respective 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 of whether such enforceability is considered in a proceeding in equity or at law.. 11

Appears in 1 contract

Samples: Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby by Buyer have been duly and validly authorized by all requisite limited liability company action on its part. This Agreement constitutesthe part of Buyer, and this Agreement and all agreements other agreements, instruments and instruments delivered documents referred to herein or contemplated hereby and executed by it pursuant hereto constituteBuyer constitute valid, the legal, valid binding and binding enforceable obligations of it, enforceable Buyer in accordance with their respective terms, subject, however, subject to the effects enforcement of involuntary bankruptcy, insolvency, reorganization, moratorium reorganization and other laws for the protection of creditors, as well as general applicability relating to or affecting creditors rights' and to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at lawequitable principles.

Appears in 1 contract

Samples: Stock Purchase Agreement (Walnut Financial Services Inc)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been duly and validly authorized by all requisite limited liability company action on its partof the Purchaser and Questar Corporation. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, constitutes the legal, valid and binding obligations obligation of itthe Purchaser, and is enforceable in accordance with their respective 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: Stock Purchase Agreement (Questar Market Resources Inc)

Authorization and Enforceability. The execution, delivery and performance of this Agreement (and the transactions contemplated hereby have been that of any agreement executed by Seller pursuant hereto) is duly and validly authorized by all requisite limited liability company corporate action on its part. This Agreement constitutesbehalf of Seller, has been duly executed and all agreements delivered and instruments delivered by it pursuant hereto constitute, constitutes the legal, valid and binding obligations obligation of itSeller, enforceable in accordance with their respective 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: Sale and Purchase Agreement (Hyperdynamics Corp)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the transactions contemplated hereby Transaction have been duly and validly authorized by all requisite limited liability company corporate action on its partbehalf of Buyer. This Agreement constitutes, and all agreements and instruments delivered by it pursuant hereto constitute, the constitutes Buyer’s legal, valid and binding obligations of itobligation, enforceable in accordance with their respective 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 of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Western Gas Partners LP)

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