Common use of Authorization; Binding Effect Clause in Contracts

Authorization; Binding Effect. (a) Purchaser has the power and authority to execute and deliver this Agreement, each of the Ancillary Agreements and each other document delivered pursuant to Section 3.2 to which it is a party and to perform its obligations hereunder and thereunder. The execution, delivery and performance by Purchaser of this Agreement, each of the Ancillary Agreements and each other document delivered pursuant to Section 3.2 to which it is a party has been duly and validly authorized and approved by all necessary corporation action on the part of Purchaser.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Capital One Financial Corp), Purchase and Assumption Agreement (HSBC Finance Corp)

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Authorization; Binding Effect. (a) Purchaser Each Seller has the full power and authority to execute and deliver this Agreement, Agreement and each of the Ancillary Agreements and each other document delivered pursuant to Section 3.2 to which it is a party and to perform its obligations hereunder and thereunder. The execution, delivery and performance by Purchaser each Seller of this Agreement, Agreement and each of the Ancillary Agreements and each other document delivered pursuant to Section 3.2 to which it is a party has been duly and validly authorized and approved by all necessary corporation action on the part of Purchasersuch Seller.

Appears in 2 contracts

Samples: Share Purchase Agreement (Griffon Corp), Share Purchase Agreement (TTM Technologies Inc)

Authorization; Binding Effect. (a) Purchaser Buyer has the all necessary power and authority to (i) execute and deliver this Agreement, Agreement and each of the Ancillary Related Agreements to which Buyer is or will be a party, (ii) perform its obligations under this Agreement and each other document delivered pursuant to Section 3.2 the Related Agreements to which it is or will be a party and (iii) consummate the Acquisition, and no other action, corporate or otherwise, on the part of Buyer or its equityholders is required to perform its obligations hereunder and thereunder. The execution, delivery and performance by Purchaser authorize the execution of this Agreement, each of Agreement and the Ancillary Related Agreements and each other document delivered pursuant to Section 3.2 to which it is or will be a party has been duly party, and validly authorized and approved by all necessary corporation action on the part consummation of Purchaserthe Acquisition.

Appears in 1 contract

Samples: Stock Purchase Agreement (Uranium Energy Corp)

Authorization; Binding Effect. (a) Purchaser Each Seller has the full power and authority to execute and deliver this Agreement, and to consummate the transactions contemplated hereby. This Agreement and each of the Ancillary Agreements and each other document delivered pursuant to Section 3.2 instruments contemplated hereby to which it is a party and to perform its obligations hereunder and thereunder. The execution, delivery and performance by Purchaser of this Agreement, each of the Ancillary Agreements and each other document delivered pursuant to Section 3.2 to which it Seller is a party has been duly executed and validly authorized delivered by such Seller, and approved (assuming the due execution and delivery by all necessary corporation action on each of the part other parties thereto) constitutes a valid and legally binding obligation of Purchasersuch Seller, enforceable against such Seller in accordance with its terms.

Appears in 1 contract

Samples: Purchase and Sale Agreement (National Automation Services Inc)

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Authorization; Binding Effect. (a) Purchaser 8.2.1 Seller has the all requisite corporate power and authority to execute this Agreement and deliver this Agreement, each of the Ancillary Agreements and each other document delivered pursuant to Section 3.2 to which it is Seller will be a party party, and to perform its obligations hereunder consummate the transactions contemplated hereby and thereunderthereby. The execution, delivery and performance by Purchaser execution of this Agreement, each of Agreement and the Ancillary Agreements and each other document delivered pursuant to Section 3.2 to which it is Seller will be a party has been or will be duly and validly authorized and approved by all necessary corporation action on the part of Purchaserrequisite corporate action.

Appears in 1 contract

Samples: Asset Purchase Agreement (Avago Technologies LTD)

Authorization; Binding Effect. (a) Purchaser Seller has the corporate power and authority to (i) execute and deliver this Agreement, Agreement and each of the Ancillary Related Agreements and each other document delivered pursuant to Section 3.2 to which it is or will be a party and to party; (ii) perform its obligations hereunder pursuant to this Agreement and thereunder. The execution, delivery and performance by Purchaser of this Agreement, each of the Ancillary Related Agreements and each other document delivered pursuant to Section 3.2 to which it is or will be a party has been duly party; and validly authorized and approved by all necessary corporation action on (iii) consummate the part of PurchaserAcquisition.

Appears in 1 contract

Samples: Stock Purchase Agreement (Uranium Energy Corp)

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