Authorization; Binding Effect. (a) Purchaser has all requisite corporate power and authority to purchase the Purchased Assets and enter into and deliver this Agreement, the Assignment and Assumption Agreement and any related agreements to which it will be a party and to perform its obligations hereunder and thereunder. The execution and delivery by Purchaser of this Agreement, the Assignment and Assumption Agreement and any related agreements to which it will be a party and its consummation of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action of Purchaser.
Appears in 14 contracts
Samples: Purchase and Sale Agreement (Jersey Central Power & Light Co), Purchase and Sale Agreement (Jersey Central Power & Light Co), Purchase and Sale Agreement (Jersey Central Power & Light Co)
