Common use of Authorization; Execution and Validity Clause in Contracts

Authorization; Execution and Validity. The execution, delivery and performance by Buyer of this Agreement and the consummation by Buyer of the purchase of the Shares have been duly authorized by all necessary corporate action. This Agreement has been duly and validly executed and delivered by Buyer, constitutes its valid and binding obligation and is enforceable against Buyer in accordance with its terms.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Safety Kleen Corp/), Stock Purchase Agreement (Safety Kleen Corp/)

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Authorization; Execution and Validity. The execution, delivery and performance by Buyer of this Agreement and the consummation by Buyer of the purchase of the Shares transactions contemplated hereby have been duly authorized by all necessary corporate action. This Agreement has been duly and validly executed and delivered by Buyer, constitutes its a valid and binding obligation of Buyer and is enforceable against Buyer in accordance with its terms.

Appears in 1 contract

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

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Authorization; Execution and Validity. The execution, delivery and performance by Buyer Seller of this Agreement and the consummation by Buyer Seller of the purchase of the Shares transactions contemplated hereby have been duly authorized by all necessary corporate action. This Agreement has been duly and validly executed and delivered by BuyerSeller, constitutes its a valid and binding obligation of Seller and is enforceable against Buyer Seller in accordance with its terms.

Appears in 1 contract

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

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