Common use of Authorization; Enforceability Clause in Contracts

Authorization; Enforceability. Each of the parties hereto represents and warrants that it has taken all action necessary to authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby; and upon execution and delivery, this Agreement shall constitute a valid and binding obligation of the respective party, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights or by the principles governing the availability of equitable remedies.

Appears in 261 contracts

Samples: Security Agreement (Galaxy Next Generation, Inc.), Security Agreement (Hyperdynamics Corp), Security Agreement (Eyi Industries Inc)

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Authorization; Enforceability. Each of the parties hereto represents and warrants that it has taken all action necessary to authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby; and upon execution and delivery, this Agreement shall constitute a valid and binding obligation of the respective party, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights or by the principles governing the availability of equitable remedies.

Appears in 184 contracts

Samples: Security Agreement (Kona Gold Beverage, Inc.), Security Agreement (Kraig Biocraft Laboratories, Inc), Global Security Agreement (CoroWare, Inc,)

Authorization; Enforceability. Each of the parties hereto represents and warrants that it has taken all action necessary to authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby; and upon execution and delivery, this Agreement shall constitute a valid and binding obligation of the respective party, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights or by the principles governing the availability of equitable remedies. Section 4.2.

Appears in 3 contracts

Samples: Subsidiary Security Agreement, Amended and Restated Security Agreement (Xinhua China LTD), Security Agreement (Xinhua China LTD)

Authorization; Enforceability. Each of the parties hereto represents and warrants that it has taken all action necessary to authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby; and upon execution and delivery, this Agreement shall constitute a valid and binding obligation obligations of the respective party, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights or by the principles governing the availability of equitable remedies.

Appears in 2 contracts

Samples: Registration Rights Agreement (World Wireless Communications Inc), Loan Agreement (World Wireless Communications Inc)

Authorization; Enforceability. Each of the parties hereto represents and warrants that it has taken all action necessary to authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby; and upon execution and delivery, this Agreement shall constitute a valid and binding obligation of the respective party, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights or by the principles governing the availability of equitable remedies. Section 4.2.

Appears in 1 contract

Samples: Security Agreement (Advanced Communications Technologies Inc)

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Authorization; Enforceability. Each of the parties hereto represents and warrants that it has taken all action necessary to authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby; and upon execution and delivery, this Agreement shall constitute a valid and binding obligation of the respective party, subject to applicable bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent conveyance and similar laws affecting creditors' rights or and by the principles governing the availability of equitable remedies.

Appears in 1 contract

Samples: Security Agreement (Pacific Gold Corp)

Authorization; Enforceability. Each of the parties hereto represents and warrants that he or it has taken all action necessary to authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby; and upon execution and delivery, this Agreement shall constitute a valid and binding obligation of the respective party, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights or by the principles governing the availability of equitable remedies.

Appears in 1 contract

Samples: Security Agreement (Open Energy Corp)

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