Authorization for Transaction Clause Samples
The 'Authorization for Transaction' clause grants one party the legal right to initiate or approve a specific transaction on behalf of another party. Typically, this clause outlines the scope of authority, such as the types of transactions covered, any limitations, and the process for providing or revoking authorization. For example, it may allow an agent to sign contracts or make payments within certain limits. Its core function is to ensure that all parties are clear about who has the power to act, thereby preventing unauthorized actions and reducing the risk of disputes over authority.
Authorization for Transaction. The Buyer has the power and authority ----------------------------- (including full corporate power and authority) to execute and deliver each Transaction Document to which it is a party and to perform its obligations thereunder. All corporate and other actions and proceedings to be taken by or on the part of the Buyer to authorize and permit the execution and delivery by the Buyer of each Transaction Document to which it is a party and the instruments to be executed and delivered by the Buyer pursuant thereto, and the performance of the Buyer of its obligations thereunder, and the consummation by the Buyer of the transactions contemplated therein, have been duly and properly taken. Each Transaction Document to which the Buyer is a party has been duly executed and delivered by the Buyer an is Enforceable against the Buyer.
Authorization for Transaction. The Grantor has full corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder.
Authorization for Transaction. The Buyer has the corporate power and authority to execute and deliver each Transaction Document to which it is a party and to perform its obligations thereunder and the Purchase Subsidiary has full power, limited liability company or otherwise, to enter into this Agreement, to perform its obligations hereunder and to consummate the Transaction. All corporate and other actions and proceedings to be taken by or on the part of the Buyer to authorize and permit the execution and delivery by the Buyer of each Transaction Document to which it is a party and the instruments to be executed and delivered by the Buyer pursuant thereto, and the performance of the Buyer of its obligations thereunder, and the consummation by the Buyer of the transactions contemplated therein, have been or will be prior to the Closing duly and properly taken. Each Transaction Document to which the Buyer is a party has been or will be prior to the Closing duly executed and delivered by the Buyer and is or will be Enforceable against the Buyer.
Authorization for Transaction. Each of the Buyer and TS Acquisition has the corporate power and authority to execute and deliver each Transaction Document to which it is a party and to perform its obligations thereunder and the Purchase Subsidiary has full power, limited liability company or otherwise, to enter into this Agreement, to perform its obligations hereunder and to perform its obligations hereunder and under the Transaction Documents to which it is a party. All corporate and other actions and proceedings to be taken by or on the part of each of the Buyer and TS Acquisition to authorize and permit the execution and delivery by the it of each Transaction Document to which it is a party and the instruments to be executed and delivered by it pursuant thereto, and the performance of each of the Buyer and TS Acquisition of its obligations thereunder, and the consummation by each of the Buyer and TS Acquisition of the transactions contemplated therein, have been or will be prior to the TSI Closing or Teligent Closing, as applicable, duly and properly taken. Each Transaction Document to which each of the Buyer or TS Acquisition is a party has been or will be prior to the TS Closing or Teligent Closing, as applicable, duly executed and delivered by the Buyer or TS Acquisition, as applicable, and is or will be Enforceable against the Buyer or TS Acquisition, as applicable.
Authorization for Transaction. The Purchaser has all requisite corporate power and authority to execute and deliver this Agreement and all agreements, documents, certificates or instruments being delivered by the Purchaser at Completion pursuant to this Agreement and to perform its obligations hereunder. Without limiting the generality of the foregoing, the Board of Directors of the Purchaser duly authorized the execution, delivery and performance of this Agreement and its Schedules as well as all other necessary documents for Completion or to implement the transaction. This Agreement constitutes the valid and legally binding obligations of the Purchaser enforceable against the Purchaser in accordance with their terms.
Authorization for Transaction. 22 4.3 Noncontravention................................................. 22 4.4
Authorization for Transaction. Buyer has full corporate power and ----------------------------- authority to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement constitutes the valid and legally binding obligation of Buyer, enforceable against Buyer in accordance with its terms and conditions, subject to the effect of bankruptcy or similar insolvency laws affecting rights of creditors generally and the availability of specific enforcement, injunctive relief and other equitable remedies.
Authorization for Transaction. Buyer Shares Issued to McGa▇▇▇ ▇▇▇ Accu-Fab . . . . . . . . . . 20 Section 3.4 Brokers . . . . . . . . . . . . . . . . . 20
Authorization for Transaction. The Vendor has all requisite corporate power and authority to execute and deliver this Agreement and all agreements, documents, certificates or instruments being delivered by the Vendor at Completion pursuant to this Agreement and to perform its obligations hereunder. Without limiting the generality of the foregoing, the Board of Directors of the Vendor duly authorized the execution, delivery and performance of this Agreement and its Schedules as well as all other necessary documents for Completion or to implement the transaction. This Agreement constitutes the valid and legally binding obligations of the Vendor enforceable against the Vendor in accordance with their terms.