Common use of Authorization; Validity of Obligations Clause in Contracts

Authorization; Validity of Obligations. The representatives of Purchaser executing this Agreement have all requisite corporate power and authority to enter into and bind Purchaser to the terms of this Agreement. Purchaser has the full legal right, power and corporate authority to enter into this Agreement and the transactions contemplated hereby. The execution and delivery of this Agreement by Purchaser and the performance by Purchaser of the transactions contemplated herein have been duly and validly authorized by the Board of Directors of Purchaser, and this Agreement has been duly and validly authorized by all necessary corporate action. This Agreement is a legal, valid and binding obligation of Purchaser enforceable in accordance with its terms.

Appears in 4 contracts

Samples: Stock Purchase Agreement (VRDT Corp), Stock Purchase Agreement (Genesisintermedia Com Inc), Stock Purchase Agreement (Holiday Rv Superstores Inc)

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Authorization; Validity of Obligations. The representatives of Purchaser executing this Agreement have all requisite corporate power and authority to enter into and bind Purchaser to the terms of this Agreement. Purchaser Buyer has the full legal -------------------------------------- right, corporate power and corporate authority to enter into this Agreement and the transactions contemplated herebyhereby and to perform its obligations pursuant to the terms of this Agreement. The execution and delivery of this Agreement by Purchaser Buyer and the performance by Purchaser Buyer of the transactions contemplated herein have has been duly and validly authorized by the Board of Directors of Purchaser, Buyer and this Agreement has been duly and validly authorized by all necessary corporate action. This Agreement is a legal, valid and binding obligation of Purchaser Buyer enforceable in accordance with its terms.

Appears in 1 contract

Samples: Purchase Agreement (Workflow Management Inc)

Authorization; Validity of Obligations. The representatives of Purchaser the Buyer executing this Agreement have all requisite corporate power and authority to enter into and bind Purchaser the Buyer to the terms of this Agreement. Purchaser The Buyer has the full legal right, power and corporate authority to enter into this Agreement and the transactions contemplated hereby. The execution and delivery of this Agreement by Purchaser the Buyer and the performance by Purchaser the Buyer of the transactions contemplated herein have been duly and validly authorized by the Board of Directors of Purchaserthe Buyer, and this Agreement has been duly and validly authorized by all necessary corporate action. This Agreement is a legal, valid and binding obligation of Purchaser the Buyer enforceable in accordance with its terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Holiday Rv Superstores Inc)

Authorization; Validity of Obligations. The Buyer and the representatives of Purchaser Buyer executing this Agreement have all requisite corporate power and authority to enter into and bind Purchaser Buyer to the terms of this Agreement. Purchaser , Buyer has the full legal right, power and corporate authority to enter into this Agreement and the transactions contemplated hereby. The execution and delivery of this Agreement by Purchaser Buyer and the performance by Purchaser Buyer of the transactions contemplated herein have been duly and validly authorized by the Board of Directors of PurchaserBuyer, and this Agreement has been duly and validly authorized by all necessary corporate action. This Agreement is a legal, valid and binding obligation of Purchaser Buyer enforceable in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ustman Technologies Inc)

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Authorization; Validity of Obligations. The representatives representative of Purchaser Buyer executing this Agreement have has all requisite corporate power and authority to enter into and bind Purchaser Buyer to the terms of this Agreement. Purchaser Buyer has the full legal right, power and corporate authority to enter into this Agreement and to perform its obligations pursuant to the transactions contemplated herebyterms of this Agreement. The execution and delivery of this Agreement by Purchaser Buyer and the performance by Purchaser Buyer of the transactions contemplated herein have has been duly and validly authorized by the Board of Directors of Purchaser, Buyer and this Agreement has been duly and validly authorized by all necessary corporate action. This Agreement is a legal, valid and binding obligation of Purchaser Buyer enforceable in accordance with its terms.

Appears in 1 contract

Samples: Purchase Agreement (Workflow Management Inc)

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