Common use of Authorization; Execution and Validity Clause in Contracts

Authorization; Execution and Validity. The execution, delivery and performance by Seller of this Agreement and each of the other agreements, documents and certificates to be delivered at the Closing (the "Operative Documents") by Seller and the consummation by Seller of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action. This Agreement and such Operative Documents have been or will be duly and validly executed and delivered by Seller, constitute or will constitute a valid and binding obligation of Seller and are or will be enforceable against Seller in accordance with its respective terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (RSL Communications LTD), Asset Purchase Agreement (RSL Communications LTD)

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Authorization; Execution and Validity. The execution, delivery and performance by Seller Buyer of this Agreement and each of the other agreements, documents and certificates Operative Documents to be delivered at the Closing (the "Operative Documents") by Seller Buyer and the consummation by Seller Buyer of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action. This Agreement and such Operative Documents have been or will be duly and validly executed and delivered by SellerBuyer, constitute or will constitute a valid and binding obligation of Seller Buyer and are is or will be enforceable against Seller Buyer in accordance with its respective terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (RSL Communications LTD), Asset Purchase Agreement (RSL Communications LTD)

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Authorization; Execution and Validity. The execution, delivery and performance by Seller of this Agreement and each of the other agreements, documents and certificates to be delivered at the Closing (the "Operative Documents") by Seller and the consummation by Seller of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action. This Agreement and such Operative Documents have has been or will be duly and validly executed and delivered by Seller, constitute or will constitute constitutes a valid and binding obligation of Seller and are or will be is enforceable against Seller in accordance with its respective terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Arkansas Best Corp /De/)

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