Common use of Authorization and Validity of Agreement Clause in Contracts

Authorization and Validity of Agreement. Purchaser has all requisite power and authority to enter into this Agreement and to carry out its obligations hereunder. The execution and delivery of this Agreement and the performance of Purchaser's obligations hereunder have been duly authorized by all necessary corporate action, and no other proceeding on the part of Purchaser is necessary to authorize such execution, delivery and performance. This Agreement has been duly executed by Purchaser and constitutes its valid and legally binding obligation, enforceable against it in accordance with its terms.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Tels Corp), Asset Purchase Agreement (Xstream Beverage Group Inc), Asset Purchase and Sale Agreement (Xstream Beverage Group Inc)

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Authorization and Validity of Agreement. Purchaser has all requisite corporate power and corporate authority to enter into this Agreement and to carry out perform its obligations hereunder. The execution and delivery of this Agreement and the performance of Purchaser's the obligations of Purchaser hereunder have been duly authorized by all necessary corporate actionaction by the board of directors of Purchaser, and no other proceeding corporate proceedings on the part of Purchaser is are necessary to authorize such the execution, delivery and delivery, or performance. This Agreement has been duly executed by Purchaser and constitutes its Purchaser’s valid and legally binding obligation, enforceable against it Purchaser in accordance with its terms.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Caseys General Stores Inc), Asset Purchase Agreement (Caseys General Stores Inc), Asset Purchase Agreement (Caseys General Stores Inc)

Authorization and Validity of Agreement. The Purchaser has all the requisite corporate power and authority to enter into execute and deliver this Agreement and to carry out its obligations hereunderconsummate the transactions contemplated hereby in accordance with the terms hereof. The execution Board of Directors of the Purchaser has duly authorized the execution, delivery and delivery performance of this Agreement and by the performance of Purchaser's obligations hereunder have been duly authorized by all necessary corporate action, and no other proceeding corporate act on the part of the Purchaser is necessary to authorize such execution, delivery and performancethis Agreement or the transactions contemplated hereby. This Agreement has been duly executed and delivered by the Purchaser and and, assuming this Agreement constitutes its the legal, valid and legally binding obligationobligation of the Company and the Shareholders, constitutes the legal, valid and binding obligation of Purchaser, enforceable against it the Purchaser in accordance with its terms.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Actuant Corp), Stock Purchase Agreement (Actuant Corp), Stock Purchase Agreement (Key Components LLC)

Authorization and Validity of Agreement. Purchaser Buyer has all requisite corporate power and authority to enter into this Agreement and to carry out perform its obligations hereunderhereunder and to consummate the transactions contemplated hereby. The execution execution, delivery and delivery performance by Buyer of this Agreement and the performance consummation of Purchaser's obligations hereunder the transactions contemplated hereby have been duly and validly authorized by all necessary corporate action, and no other proceeding action on the part of Purchaser is necessary to authorize such execution, delivery and performanceBuyer. This Agreement has been duly executed and delivered by Purchaser Buyer and constitutes its is a legal, valid and legally binding obligation, obligation of Buyer enforceable against it Buyer in accordance with its terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (iTalk Inc.), Asset Purchase Agreement (Voip Inc)

Authorization and Validity of Agreement. Purchaser has all requisite corporate power and authority to enter into this Agreement and to carry out perform its obligations hereunder. The execution and delivery of this Agreement and the performance of Purchaser's the obligations of Purchaser hereunder have been duly authorized by all necessary corporate actionaction by the board of directors of Purchaser, and no other proceeding corporate proceedings on the part of Purchaser is are necessary to authorize such the execution, delivery and or performance. This Agreement has been duly executed by Purchaser and constitutes its Purchaser’s valid and legally binding obligation, enforceable against it Purchaser in accordance with its terms.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Automotive Finance Corp), Stock Purchase Agreement (Automotive Finance Corp)

Authorization and Validity of Agreement. Purchaser has all requisite corporate power and authority to enter into this Agreement and to carry out perform its obligations hereunder. The execution and delivery of this Agreement and the performance of Purchaser's the obligations of Purchaser hereunder have been duly authorized by all necessary corporate actionaction by the board of directors and shareholders of Purchaser, and no other proceeding corporate proceedings on the part of Purchaser is are necessary to authorize such the execution, delivery and or performance. This Agreement has been duly executed by Purchaser and constitutes its a valid and legally binding obligation, enforceable against it Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Top Source Technologies Inc)

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Authorization and Validity of Agreement. Purchaser has all requisite corporate power and corporate authority to enter into this Agreement and to carry out perform its obligations hereunder. The execution and delivery of this Agreement and the performance of Purchaser's the obligations of Purchaser hereunder have been duly authorized by all necessary corporate actionaction by the Board of Directors of Purchaser, and no other proceeding corporate proceedings on the part of Purchaser is are necessary to authorize such the execution, delivery and delivery, or performance. This Agreement has been duly executed by Purchaser and constitutes its Purchaser's valid and legally binding obligation, enforceable against it Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (On THE MOVE Corp)

Authorization and Validity of Agreement. Purchaser has all requisite corporate power and authority to enter into this Agreement and to carry out perform its obligations hereunder. The execution and delivery of this Agreement and the performance of Purchaser's the obligations of Purchaser hereunder have been duly authorized by all necessary corporate actionaction by the Board of Directors of Purchaser, and no other proceeding corporate proceedings on the part of Purchaser is are necessary to authorize such the execution, delivery and performanceor performance of this Agreement. This Agreement has been duly executed by Purchaser and constitutes its the valid and legally binding obligation, obligation of Purchaser enforceable against it Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mdu Communications International Inc)

Authorization and Validity of Agreement. Purchaser has all requisite power and authority to enter into this Agreement and to carry out its obligations hereunder. The execution and delivery of this Agreement and the performance of Purchaser's ’s obligations hereunder have been duly authorized by all necessary corporate action, and no other proceeding on the part of Purchaser is necessary to authorize such execution, delivery and performance. This Agreement has been duly executed by Purchaser and constitutes its valid and legally binding obligation, enforceable against it in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Xstream Beverage Group Inc)

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