Common use of Authorization of Transaction; Enforceability Clause in Contracts

Authorization of Transaction; Enforceability. The Seller has full corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder, and the execution, delivery and performance of this Agreement, and the consummation of the transactions contemplated hereby, have been duly authorized by the Seller. This Agreement constitutes the valid and legally binding obligation of the Seller, enforceable in accordance with its terms and conditions.

Appears in 3 contracts

Samples: Purchase and Amendment Agreement, Purchase and Amendment Agreement (Pilgrims Pride Corp), Purchase and Amendment Agreement (Conagra Foods Inc /De/)

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Authorization of Transaction; Enforceability. The All consent, approvals, authorizations and orders necessary for the execution, delivery and performance by Seller of this Agreement have been duly and lawfully obtained, and Seller has full corporate power right, power, authority and authority capacity to execute execute, deliver and deliver perform this Agreement and to perform its obligations hereunder, and the execution, delivery and performance of this Agreement, and the consummation of the transactions contemplated hereby, have been duly authorized by the Seller. This Agreement has been duly executed and delivered by Seller and constitutes the a legal, valid and legally binding obligation agreement of the Seller, enforceable against Seller in accordance with its terms and conditionsterms.

Appears in 1 contract

Samples: Stock Purchase Option Agreement (Mih LTD)

Authorization of Transaction; Enforceability. The Seller Purchaser has full corporate power and authority to execute and deliver this Agreement and the other agreements contemplated hereby and to perform its obligations hereunderhereunder and thereunder, and the such execution, delivery and performance of this Agreement, and the consummation of the transactions contemplated hereby, have has been duly authorized by the Sellerall necessary corporate action by Purchaser. This Agreement constitutes the valid and legally binding obligation of the SellerPurchaser, enforceable against the Purchaser in accordance with its terms and conditionsterms.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Cliffs Natural Resources Inc.)

Authorization of Transaction; Enforceability. The Seller has full corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder, and the such execution, delivery and performance of this Agreement, and the consummation of the transactions contemplated hereby, have has been duly authorized by the all necessary limited liability company action by Seller. This Agreement constitutes the valid and legally binding obligation of the Seller, enforceable against Seller in accordance with its terms and conditionsterms.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Cliffs Natural Resources Inc.)

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Authorization of Transaction; Enforceability. The Seller All consent, approvals, authorizations and orders necessary for the execution, delivery and performance by Buyer of this Agreement have been duly and lawfully obtained, and Buyer has full corporate power right, power, authority and authority capacity to execute execute, deliver and deliver perform this Agreement and to perform its obligations hereunder, and the execution, delivery and performance of this Agreement, and the consummation of the transactions contemplated hereby, have been duly authorized by the Seller. This Agreement has been duly executed and delivered by Buyer and constitutes the a legal, valid and legally binding obligation agreement of the SellerBuyer, enforceable against Buyer in accordance with its terms and conditionsterms.

Appears in 1 contract

Samples: Stock Purchase Option Agreement (Mih LTD)

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