Common use of Authorization; Valid and Binding Agreement Clause in Contracts

Authorization; Valid and Binding Agreement. The execution, delivery and performance of this Agreement by Buyer and the consummation of the transactions contemplated hereby have been duly and validly authorized by all requisite corporate action, and no other corporate proceedings on its part are necessary to authorize the execution, delivery or performance of this Agreement. This Agreement constitutes a valid and binding obligation of Buyer, enforceable in accordance with its terms.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Atrium Companies Inc), Stock Purchase Agreement (Best Built Inc)

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Authorization; Valid and Binding Agreement. The execution, delivery and performance of this Agreement by Buyer and the consummation of the transactions contemplated hereby have been duly and validly authorized by all requisite action (including corporate action), and no other proceedings (including corporate proceedings proceedings) on its their part are necessary to authorize the execution, delivery or performance of this Agreement. This Assuming that this Agreement is a valid and binding obligation of the Sellers and the Company, this Agreement constitutes a valid and binding obligation of Buyer, enforceable in accordance with its terms.

Appears in 1 contract

Samples: Unit Purchase Agreement (Alliance Laundry Systems LLC)

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Authorization; Valid and Binding Agreement. The execution, delivery and performance of this Agreement by Buyer and the consummation of the transactions contemplated hereby have been duly and validly authorized by all requisite corporate action, and no other corporate proceedings on its part are necessary to authorize the execution, delivery or performance of this Agreement. This Agreement has been duly executed and delivered by Buyer and constitutes a the valid and binding obligation of Buyer, enforceable in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Imagyn Medical Technologies Inc)

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