Common use of Authorization; Valid Obligation Clause in Contracts

Authorization; Valid Obligation. All actions required to be taken by or on behalf of Purchaser to authorize Purchaser to make, deliver and carry out the terms of this Contract have been or will be duly taken prior to the Closing Date. No consent to the execution, delivery and performance of this Contract by Purchaser is required from any partner, board of directors, shareholder, creditor, investor, judicial or administrative body, Governmental Authority or other Person, other than any such consent which already has been unconditionally given. This Contract is a valid and binding obligation of Purchaser, enforceable in accordance with its terms, except as the same may be affected by bankruptcy, insolvency, moratorium or similar laws, or by legal or equitable principles relating to or limiting the rights of contracting parties generally.

Authorization; Valid Obligation. All Seller has, or, prior to the Closing Date, shall have, caused all actions required to be taken by or on behalf of Purchaser Seller to authorize Purchaser Seller to make, deliver and carry out the terms of this Contract have been or will be duly taken prior to the Closing DateContract. No consent to the execution, delivery and performance of this Contract by Purchaser Seller is required from any partner, board of directors, shareholder, creditor, investor, judicial or administrative body, Governmental Authority or other Person, other than any such consent which already has been unconditionally given. This Contract is a valid and binding obligation of PurchaserSeller, enforceable in accordance with its terms, except as the same may be affected by bankruptcy, insolvency, moratorium or similar laws, or by legal or equitable principles relating to or limiting the rights of contracting parties generally.

Authorization; Valid Obligation. All actions proceedings required to be taken by or on behalf of Purchaser Buyer to authorize Purchaser Buyer to make, deliver and carry out the terms of this Contract Agreement have been or will be duly taken prior to the Scheduled Closing Date. No consent to the execution, delivery and performance of this Contract by Purchaser Agreement is required from any partner, board of directors, shareholdershareholders, creditor, investor, judicial or administrative body, Governmental Authority governmental authority or other Personperson, other than any such consent which already has been unconditionally given. This Contract Agreement is a valid and binding obligation of Purchaser, Buyer enforceable in accordance with its terms, except as the same may be affected by bankruptcy, insolvency, moratorium or similar laws, or by legal or equitable principles relating to or limiting the rights of contracting parties generally.