Common use of Authorization for Agreement and Consents Clause in Contracts

Authorization for Agreement and Consents. Buyer has all requisite corporate power and authority to enter into this Agreement and to perform its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate actions of Buyer. Subject to Bankruptcy Court approval, this Agreement constitutes, and, when executed by Buyer, any documents or instruments to be executed and delivered by Buyer pursuant hereto will constitute, legal, valid and binding obligations of Buyer enforceable in accordance with their terms.

Authorization for Agreement and Consents. Each Buyer has all requisite corporate limited liability company power and authority to enter into this Agreement and to perform its obligations hereunder. The execution, delivery and performance of this Agreement by each Buyer and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate limited liability company actions of such Buyer. Subject to Bankruptcy Court approval, this This Agreement constitutes, and, when executed by a Buyer, any documents or instruments to be executed and delivered by such Buyer pursuant hereto will constitute, legal, valid and binding obligations of such Buyer enforceable in accordance with their terms.