Common use of AUTHORIZATION; NON-CONTRAVENTION; APPROVALS Clause in Contracts

AUTHORIZATION; NON-CONTRAVENTION; APPROVALS. (a) The Company has the requisite corporate power and authority to enter into this Agreement and the ancillary documents and agreements described herein and to effect the Merger. Each Stockholder has the full legal right, power and authority to enter into this Agreement. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been approved by the board of directors of the Company and by the Stockholders. No additional corporate proceedings on the part of the Company are necessary to authorize the execution and delivery of this Agreement and the consummation by the Company of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the Company and the Stockholders, and, assuming the due authorization, execution and delivery hereof by U.S. Concrete and Newco, constitutes a valid and binding agreement of the Company and the Stockholders, enforceable against each of them in accordance with its terms.

Appears in 2 contracts

Samples: Acquisition Agreement and Plan of Reorganization (Us Concrete Inc), Acquisition Agreement and Plan of Reorganization (Us Concrete Inc)

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AUTHORIZATION; NON-CONTRAVENTION; APPROVALS. (a) The Each Company has the requisite corporate power and authority to enter into this Agreement and the ancillary documents and agreements described herein and to effect the MergerMerger or Stock Purchase, as appropriate. Each Stockholder has the full legal right, power and authority to enter into this Agreement. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been approved by the board of directors of the each Company and by the Stockholders. No additional corporate proceedings on the part of the any Company are is necessary to authorize the execution and delivery of this Agreement and the consummation by the each Company of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the each Company and the Stockholders, and, assuming the due authorization, execution and delivery hereof by U.S. Concrete Quanta and Newco, constitutes a valid and binding agreement of the each Company and the Stockholderseach Stockholder, enforceable against each of them in accordance with its terms.

Appears in 2 contracts

Samples: Acquisition Agreement and Plan of Reorganization (Quanta Services Inc), Acquisition Agreement and Plan of Reorganization (Quanta Services Inc)

AUTHORIZATION; NON-CONTRAVENTION; APPROVALS. (a) The Company has the requisite corporate power and authority to enter into this Agreement and the ancillary documents and agreements described herein and to effect the Merger. Each Stockholder has the full legal right, power and authority to enter into this Agreement. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been approved by the board of directors of the Company and by the StockholdersStockholder. No additional corporate proceedings on the part of the Company are is necessary to authorize the execution and delivery of this Agreement and the consummation by the Company of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the Company and the StockholdersStockholder, and, assuming the due authorization, execution and delivery hereof by U.S. Concrete Quanta and Newco, constitutes a valid and binding agreement of the Company and the StockholdersStockholder, enforceable against each of them in accordance with its terms.

Appears in 1 contract

Samples: Acquisition Agreement (Quanta Services Inc)

AUTHORIZATION; NON-CONTRAVENTION; APPROVALS. (a) The Company has the requisite corporate power and authority to enter into this Agreement and the ancillary documents and agreements described herein and to effect the Merger. Each Stockholder of the Stockholders has the full legal right, power and authority to enter into this Agreement. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been approved by the board of directors of the Company and by each of the Stockholders. No additional corporate proceedings on the part of the Company are is necessary to authorize the execution and delivery of this Agreement and the consummation by the Company of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the Company and each of the Stockholders, and, assuming the due authorization, execution and delivery hereof by U.S. Concrete Quanta and Newco, constitutes a valid and binding agreement of the Company and each of the Stockholders, enforceable against each of them in accordance with its terms.

Appears in 1 contract

Samples: Acquisition Agreement (Quanta Services Inc)

AUTHORIZATION; NON-CONTRAVENTION; APPROVALS. (a) The Company has the requisite corporate power and authority to enter into this Agreement and the ancillary documents and agreements described herein and to effect the Merger. Each The Stockholder has the full legal right, power and authority to enter into this Agreement. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been approved by the board of directors of the Company and by the StockholdersStockholder. No additional corporate proceedings on the part of the Company are is necessary to authorize the execution and delivery of this Agreement and the consummation by the Company of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the Company and the StockholdersStockholder, and, assuming the due authorization, execution and delivery hereof by U.S. Concrete PalEx and NewcoNew Acme, constitutes a valid and binding agreement of the Company and the StockholdersStockholder, enforceable against each of them the Stockholder in accordance with its terms.

Appears in 1 contract

Samples: Acquisition Agreement and Plan of Reorganization (Palex Inc)

AUTHORIZATION; NON-CONTRAVENTION; APPROVALS. (a) The Company has the requisite corporate power and authority to enter into this Agreement and the ancillary documents and agreements described herein and to effect the Merger. Each Stockholder has the full legal right, power and authority to enter into this Agreement. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been approved by the board of directors of the Company and by the Stockholders. No additional corporate proceedings on the part of the Company are is necessary to authorize the execution and delivery of this Agreement and the consummation by the Company of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the Company and the Stockholders, and, assuming the due authorization, execution and delivery hereof by U.S. Concrete PalEx and Newco, constitutes a valid and binding agreement of the Company and the Stockholderseach Stockholder, enforceable against the each of them in accordance with its terms.

Appears in 1 contract

Samples: Acquisition Agreement and Plan of Reorganization (Palex Inc)

AUTHORIZATION; NON-CONTRAVENTION; APPROVALS. (a) The Company has the requisite corporate power and authority to enter into this Agreement and the ancillary documents and agreements described herein and to effect the Merger. Each Stockholder has the full legal right, power and authority to enter into this Agreement. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been approved by the board of directors or partners, as the case may be, of the Company and by the Stockholders. No additional corporate or partnership proceedings on the part of the Company are is necessary to authorize the execution and delivery of this Agreement and the consummation by the Company of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the Company and the Stockholders, and, assuming the due authorization, execution and delivery hereof by U.S. Concrete Quanta and Newco, constitutes a valid and binding agreement of the Company and the Stockholderseach Stockholder, enforceable against each of them in accordance with its terms.

Appears in 1 contract

Samples: Acquisition Agreement (Quanta Services Inc)

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AUTHORIZATION; NON-CONTRAVENTION; APPROVALS. (a) The Company has the requisite corporate power and authority to enter into this Agreement and the ancillary documents and agreements described herein and to effect the Merger. Each Stockholder has the full legal right, power and authority to enter into this Agreement. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been approved by the board of directors of the Company and by the StockholdersStockholders as required by the Colorado Act. No additional corporate proceedings on the part of the Company are is necessary to authorize the execution and delivery of this Agreement and the consummation by the Company of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the Company and the Stockholders, and, assuming the due authorization, execution and delivery hereof by U.S. Concrete PalEx and Newco, constitutes a valid and binding agreement of the Company and the Stockholderseach Stockholder, enforceable against the each of them in accordance with its terms.

Appears in 1 contract

Samples: Acquisition Agreement and Plan of Reorganization (Palex Inc)

AUTHORIZATION; NON-CONTRAVENTION; APPROVALS. (a) The Company has the requisite corporate power and authority to enter into this Agreement and the ancillary documents and agreements described herein and to effect the Merger. Each Stockholder has the full legal right, power and authority to enter into this Agreement. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been approved by the board of directors of the Company and by the Stockholders. No additional corporate or other proceedings on the part of the Company are is necessary to authorize the execution and delivery of this Agreement and the consummation by the Company of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the Company and the Stockholders, and, assuming the due authorization, execution and delivery hereof by U.S. Concrete Quanta and Newco, constitutes a valid and binding agreement of the Company and the Stockholderseach Stockholder, enforceable against each of them in accordance with its terms.

Appears in 1 contract

Samples: Acquisition Agreement and Plan of Reorganization (Quanta Services Inc)

AUTHORIZATION; NON-CONTRAVENTION; APPROVALS. (a) The Each Company has the requisite corporate power and authority to enter into this Agreement and the ancillary documents and agreements described herein and to effect the Mergertransactions contemplated hereby. Each Stockholder has The Stockholders have the full legal right, power and authority to enter into this Agreement. The execution, delivery and performance of this Agreement and the transactions contemplated hereby have been approved by the board of directors directors, managers, members or stockholders of the Company each Company, as applicable, and by the Stockholders. No additional corporate proceedings on the part of the any Company are necessary to authorize the execution and delivery of this Agreement and or the consummation by the any Company of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the each Company and the Stockholderseach Stockholder, and, assuming the due authorization, execution and delivery hereof by U.S. Concrete PalEx and Newco, constitutes a valid and binding agreement of the each Company and the Stockholderseach Stockholder, enforceable against each of them Company and Stockholder in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ifco Systems Nv)

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