Common use of Authorization; Binding Nature of Agreement Clause in Contracts

Authorization; Binding Nature of Agreement. Each of Purchaser and Parent has the absolute and unrestricted right, power and authority to perform its obligations under this Agreement and under each Purchaser Related Agreement to which it is a party. This Agreement and any Purchaser Related Agreement constitute the legal, valid and binding obligation of the Purchaser and Parent, as applicable, enforceable against the Purchaser in accordance with its terms.

Authorization; Binding Nature of Agreement. Each of Purchaser and Parent has the absolute and unrestricted right, all necessary power and authority to enter into and perform its obligations under this Agreement. The execution, delivery and performance of this Agreement and under each on behalf of Purchaser Related have been duly authorized by all necessary action on the part of Purchaser. Assuming that this Agreement to which it is a party. This Agreement and any Purchaser Related Agreement constitute the legal, valid and binding obligation of each of the Purchaser other parties hereto, this Agreement is a valid and Parent, as applicable, enforceable against the Purchaser in accordance with its termsbinding obligation of Purchaser.

Authorization; Binding Nature of Agreement. Each of The Purchaser and Parent has the absolute and unrestricted right, power and authority to perform its obligations under this Agreement and under each Purchaser Related Agreement to which it is a party, and the execution, delivery and performance by the Purchaser of this Agreement and the Purchaser Related Agreements have been duly authorized by all necessary action on the part of the Purchaser. This Agreement and any Purchaser Related Agreement constitute constitutes the legal, valid and binding obligation of the Purchaser and Parent, as applicablePurchaser, enforceable against the Purchaser in accordance with its terms.