Common use of Authorizations; Execution and Validity Clause in Contracts

Authorizations; Execution and Validity. As of the date of execution of this Agreement, the execution and delivery of this Agreement by Buyer, the performance by Buyer of its obligations under this Agreement and the consummation by Buyer of the transaction contemplated hereby have been duly authorized by all necessary corporate action on the part of the Buyer. This Agreement upon being executed and delivered by Buyer, constitutes a valid and binding obligation of Buyer and is enforceable against Buyer in accordance with its terms, except to the extent that enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws now or hereafter in effect affecting creditors’ rights generally or general principles of equity.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Rio Vista Energy Partners Lp), Purchase and Sale Agreement (Penn Octane Corp)

AutoNDA by SimpleDocs

Authorizations; Execution and Validity. As of the date of execution of this Agreement, the The execution and delivery of this Agreement by Buyer, the performance by Buyer of its obligations under this Agreement and the consummation by Buyer of the transaction transactions contemplated hereby have been duly authorized by all necessary corporate partnership action on the part of the Buyer. This Agreement upon being has been duly executed and delivered by Buyer, constitutes a valid and binding obligation of Buyer and is enforceable against Buyer in accordance with its terms, except to the extent that enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws laws now or hereafter in effect affecting creditors' rights generally or general principles of equity.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Resource America Inc), Securities Purchase Agreement (Atlas America Inc)

Authorizations; Execution and Validity. As of the date of execution of this Agreement, the The execution and delivery of this Agreement by Buyer, the performance by Buyer it of its obligations under this Agreement and the consummation by Buyer it of the transaction transactions contemplated to be performed by it hereby have been duly authorized by all necessary corporate limited liability company action on the part of the or with respect to Buyer. This Agreement upon being has been duly executed and delivered by Buyer, constitutes a valid and binding obligation of Buyer and is enforceable against Buyer it in accordance with its terms, except to the extent that enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws laws now or hereafter in effect affecting creditors’ rights generally or general principles of equity.

Appears in 1 contract

Samples: Joint Venture Interest Purchase Agreement (Eagle Materials Inc)

Authorizations; Execution and Validity. As of the date of execution of this Agreement, the The execution and delivery of this Agreement by Buyer, the performance by Buyer of its obligations under this Agreement and the consummation by Buyer of the transaction transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of the Buyer. This Agreement upon being has been duly executed and delivered by Buyer, constitutes a valid and binding obligation of Buyer and is enforceable against Buyer in accordance with its terms, except to the extent that enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws now or hereafter in effect affecting creditors' rights generally or general principles of equity.

Appears in 1 contract

Samples: Purchase Agreement (Keyspan Corp)

AutoNDA by SimpleDocs

Authorizations; Execution and Validity. As of the date of --------------------------------------- execution of this Agreement, the execution and delivery of this Agreement by Buyer, the performance by Buyer of its obligations under this Agreement and the consummation by Buyer of the transaction contemplated hereby have been duly authorized by all necessary corporate action on the part of the Buyer. This Agreement upon being executed and delivered by Buyer, constitutes a valid and binding obligation of Buyer and is enforceable against Buyer in accordance with its terms, except to the extent that enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws now or hereafter in effect affecting creditors' rights generally or general principles of equity.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Rio Vista Energy Partners Lp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!