Common use of Authorization and Validity of Agreements Clause in Contracts

Authorization and Validity of Agreements. The Purchaser has all requisite power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement, the performance by the Purchaser of its obligations hereunder and the consummation of the transactions contemplated hereby have been duly authorized by all requisite corporate action of the Purchaser. This Agreement constitutes a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its respective terms.

Appears in 12 contracts

Samples: Stock Purchase Agreement (Ps Business Parks Inc/Ca), Stock Purchase Agreement (Ps Business Parks Inc/Ca), Stock Purchase Agreement (Ps Business Parks Inc/Ca)

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Authorization and Validity of Agreements. The Purchaser Buyer has all requisite corporate power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement, the performance Agreement by the Purchaser of its obligations hereunder Buyer and the consummation by the Buyer of the transactions contemplated hereby have been duly authorized by all requisite necessary corporate action of the Purchaser. This Agreement constitutes a legalBuyer, valid and binding obligation no other corporate proceedings on the part of the Purchaser, enforceable against Buyer are necessary to authorize this Agreement or to consummate the Purchaser in accordance with its respective termstransactions contemplated hereby.

Appears in 4 contracts

Samples: Share Exchange Agreement (Future FinTech Group Inc.), Share Exchange Agreement (Fuse Group Holding Inc.), Share Exchange Agreement (Future FinTech Group Inc.)

Authorization and Validity of Agreements. The Purchaser has all requisite power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution and delivery by the Purchaser of this Agreement, the performance by the Purchaser of its obligations hereunder and the consummation by the Purchaser of the transactions contemplated hereby have been duly authorized by all requisite corporate action actions on the part of the Purchaser. This Agreement constitutes has been duly and validly executed and delivered by the Purchaser, and is a legal, valid and binding obligation of the Purchaser, Purchaser enforceable against the Purchaser in accordance with its the respective termsterms herein.

Appears in 1 contract

Samples: Share Purchase and Transfer Agreement (Chan Ling Siu)

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Authorization and Validity of Agreements. The Purchaser Each Buyer has all requisite power and authority to execute enter into this Agreement and deliver this Agreement, to perform carry out its obligations hereunder and to consummate the transactions contemplated herebyhereunder. The execution and delivery of this Agreement, Agreement and the performance by the Purchaser each Buyer of its obligations hereunder and the consummation of the transactions contemplated hereby thereunder have been duly authorized by all requisite corporate action necessary actions of the Purchasermembers, managers and directors of each Buyer, as the case may be. This Agreement has been duly executed by each Buyer and constitutes a legal, the valid and binding obligation obligations of the Purchasereach Buyer, enforceable against the Purchaser each Buyer in accordance with its respective terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Biscayne Apparel Inc /Fl/)

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