Common use of Authorized and Effective Agreement Clause in Contracts

Authorized and Effective Agreement. (a) Buyer has all requisite power and authority to enter into this Agreement and (subject to receipt of all Requisite Regulatory Approvals) to perform all of its obligations hereunder. The execution and delivery of this Agreement and the completion of the transactions contemplated hereby have been deemed advisable by the Board of Directors of Buyer and duly authorized and approved by all necessary corporate action in respect thereof on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer and, assuming due authorization, execution, and delivery by Seller and Seller Bank, constitutes a legal, valid, and binding obligation of Buyer, enforceable against it in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency, and other laws of general applicability relating to or affecting creditors' rights and to general equity principles.

Authorized and Effective Agreement. (a) Buyer has all requisite power and authority to enter into this Agreement and (subject to receipt of all Requisite Regulatory Approvals) to perform all of its obligations hereunder. The execution and delivery of this Agreement and the completion of the transactions contemplated hereby have been deemed advisable by the Board of Directors of Buyer and duly authorized and approved by all necessary corporate action in respect thereof on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer and, assuming due authorization, execution, and delivery by Seller and Seller BankSeller, constitutes a legal, valid, and binding obligation of Buyer, enforceable against it in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency, and other laws of general applicability relating to or affecting creditors' ’ rights and to general equity principles.

Authorized and Effective Agreement. (a) Buyer has all requisite corporate power and authority to enter into execute and deliver this Agreement and (subject to receipt of all Requisite Regulatory Approvalsnecessary governmental approvals) to perform all of its respective obligations hereunder. The execution and delivery of this Agreement and the completion of the transactions contemplated hereby have been deemed advisable duly and validly approved by the Board of Directors of Buyer and duly authorized and approved by all necessary no other corporate action in respect thereof proceedings on the part of BuyerBuyer are necessary to complete the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Buyer and, assuming due authorization, execution, execution and delivery by Seller and Seller Bank, constitutes a legal, valid, valid and binding obligation of Buyer, enforceable against it Buyer in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency, insolvency and other laws of general applicability relating to or affecting creditors' rights and to general equity principles.

Authorized and Effective Agreement. (a) Buyer has all requisite power and authority to enter into this Agreement and (subject to receipt of all Requisite Regulatory Approvalsnecessary governmental approvals) to perform all of its respective obligations hereunder. The execution and delivery of this Agreement and the completion of the transactions contemplated hereby have been deemed advisable by the Board Boards of Directors of Buyer and Buyer Bank and duly authorized and approved by all necessary corporate action in respect thereof on the part of BuyerBuyer and Buyer Bank. This Agreement has been duly and validly executed and delivered by Buyer and, assuming due authorization, execution, execution and delivery by Seller and Seller BankSeller, constitutes a legal, valid, valid and binding obligation of Buyer, enforceable against it Buyer in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency, insolvency and other laws of general applicability relating to or affecting creditors' rights and to general equity principles.

Authorized and Effective Agreement. (a) Buyer has all requisite power and authority to enter into this Agreement and (subject to receipt of all Requisite Regulatory Approvalsnecessary governmental approvals) to perform all of its respective obligations hereunder. The execution and delivery of this Agreement and the completion of the transactions contemplated hereby have been deemed advisable by the Board of Directors of Buyer and duly authorized and approved by all necessary corporate action in respect thereof on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer and, assuming due authorization, execution, execution and delivery by Seller and Seller Bank, constitutes a legal, valid, valid and binding obligation of Buyer, enforceable against it Buyer in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency, insolvency and other laws of general applicability relating to or affecting creditors' ’ rights and to general equity principles.

Authorized and Effective Agreement. (a) Buyer has all requisite corporate power and authority to enter into this Agreement and (subject to receipt of all Requisite Regulatory Approvalsnecessary governmental approvals) to perform all of its respective obligations hereunderunder this Agreement. The execution and delivery of this Agreement and the completion consummation of the transactions contemplated hereby have been deemed advisable by the Board of Directors of Buyer duly and duly validly authorized and approved by all necessary corporate action in respect thereof on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer and, assuming approval of this Agreement by governmental and regulatory agencies, and due authorization, execution, execution and delivery by Seller and Seller Bank, constitutes a legal, valid, valid and binding obligation of Buyer, which is enforceable against it Buyer in accordance with its terms, subject, as subject to enforceability, to the effect of bankruptcy, insolvency, reorganization, moratorium and other laws of general applicability relating to or affecting creditors' rights and to general equity principles.