Common use of Authorization, Validity and Effect Clause in Contracts

Authorization, Validity and Effect. Buyer has all the requisite power and authority to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer and constitutes the legal, valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, except as limited by the General Enforceability Exceptions.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Transatlantic Petroleum Ltd.), Stock Purchase Agreement (Transatlantic Petroleum Ltd.)

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Authorization, Validity and Effect. Each Buyer has all the requisite corporate power and authority to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of Buyerherein. This Agreement, and each other agreement executed and delivered by the Buyers pursuant to this Agreement has been duly and validly executed and delivered by each Buyer pursuant to all necessary authorization and constitutes is the legal, valid and binding obligation of each Buyer, enforceable against each Buyer in accordance with its terms, except as limited by the General Enforceability Exceptions.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Moog Inc), Stock Purchase Agreement (Kaydon Corp)

Authorization, Validity and Effect. Buyer has all the requisite corporate power and authority to enter into and perform its obligations under this Agreement and the Related Documents to which it is a party, and to consummate the transactions contemplated hereby. The execution hereby and delivery of thereby, and this Agreement and such Related Documents and the consummation of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary action on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer pursuant to all necessary authorization and constitutes are or, when executed and delivered will be, the legal, legally valid and binding obligation obligations of Buyer, enforceable against Buyer in accordance with its terms, except as limited by the General Enforceability Exceptions.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Unique Fabricating, Inc.), Asset Purchase Agreement (Unique Fabricating, Inc.)

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Authorization, Validity and Effect. Each Buyer has all the requisite corporate power and authority to enter into and perform its obligations under this Agreement and the Related Documents to which it is a party, and to consummate the transactions contemplated hereby. The execution hereby and delivery of thereby, and this Agreement and such Related Documents and the consummation of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary action on the part of Buyer. This Agreement has been duly and validly executed and delivered by Each Buyer pursuant to all necessary authorization and constitutes are or, when executed and delivered will be, the legal, legally valid and binding obligation obligations of each Buyer, enforceable against each Buyer in accordance with its terms, except as limited by the General Enforceability Exceptions.

Appears in 1 contract

Samples: Asset and Stock Purchase Agreement (Unique Fabricating, Inc.)

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