Common use of Authorization; Binding Effect Clause in Contracts

Authorization; Binding Effect. (a) Seller has all requisite corporate power and authority to sell the Purchased Assets and enter into and deliver this Agreement, the Bill of Sale and any related agreements to which it will be a party axx xo perform its obligations hereunder and thereunder. The execution and delivery by Seller of this Agreement, the Bill of Sale and any related agreements to which it will be a party axx xts consummation of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action of Seller.

Appears in 8 contracts

Samples: Purchase and Sale Agreement (Firstenergy Corp), Purchase and Sale Agreement (Firstenergy Corp), Purchase and Sale Agreement (Firstenergy Corp)

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Authorization; Binding Effect. (a) Seller has all requisite corporate power and authority to sell the Purchased Assets and enter into execute and deliver this AgreementAgreement and the Collateral Agreements to which it will be a party, to perform fully its obligations hereunder and thereunder and to effect the Bill transactions contemplated hereby and thereby and has duly authorized the execution, delivery and performance of Sale this Agreement and any related agreements the Collateral Agreements to which it will be a party axx xo perform its obligations hereunder and thereunder. The execution and delivery by Seller of this Agreement, the Bill of Sale and any related agreements to which it will be a party axx xts consummation of the transactions contemplated hereby and thereby have been duly authorized by all necessary requisite corporate action of Selleraction.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tollgrade Communications Inc \Pa\)

Authorization; Binding Effect. (a) (i) Seller has all requisite corporate power and authority to sell the Purchased Assets and enter into execute and deliver this Agreement, Agreement and the Bill of Sale and any related agreements Collateral Agreements to which it will be a party axx xo perform its obligations hereunder and thereunder. The execution to effect the transactions contemplated hereby and thereby, and the execution, delivery by Seller and performance of this Agreement, Agreement and the Bill of Sale and any related agreements Collateral Agreements to which it will be a party axx xts consummation of the transactions contemplated hereby and thereby have been duly authorized by all necessary requisite corporate action of Selleraction.

Appears in 1 contract

Samples: Asset and Stock Purchase Agreement (Lucent Technologies Inc)

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Authorization; Binding Effect. (a) (i) Seller has all requisite corporate power and authority to sell the Purchased Assets and enter into execute and deliver this Agreement, Agreement and the Bill of Sale and any related agreements Collateral Agreements to which it will be a party axx xo perform its obligations hereunder and thereunder. The execution to effect the transactions contemplated hereby and thereby, and the execution, delivery by Seller and performance of this Agreement, Agreement and the Bill of Sale and any related agreements Collateral Agreements to which it will be a party axx xts consummation of the transactions contemplated hereby and thereby have has been duly authorized by all necessary requisite corporate action of Selleraction.

Appears in 1 contract

Samples: Asset Purchase Agreement (Proxim Corp)

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