Common use of b AUTHORITY; ENFORCEABLE AGREEMENTS Clause in Contracts

b AUTHORITY; ENFORCEABLE AGREEMENTS. (a) UNIFAB and Sub each has the requisite power and authority to enter into this Agreement and to consummate the transactions described herein. The execution and delivery of this Agreement by UNIFAB and Sub and the consummation by UNIFAB and Sub of the transactions described herein have been duly authorized by all necessary corporate action on the part of UNIFAB and all requisite action on the part of Sub. (b) This Agreement has been duly executed and delivered by UNIFAB and Sub, and constitutes a valid and binding obligation of UNIFAB and Sub, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally or by general equitable principles. The other agreements entered, or to be entered, into by UNIFAB and Sub in connection with this Agreement have been, or will be, duly executed and delivered by UNIFAB and Sub, and constitute, or will constitute, valid and binding obligations of UNIFAB and Sub, enforceable in accordance with their terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally or by general equitable principles.

b AUTHORITY; ENFORCEABLE AGREEMENTS. (a) UNIFAB and Sub each Xxxxx has the requisite corporate power and authority to enter into this Agreement and to consummate the transactions described herein. The execution and delivery of this Agreement by UNIFAB and Sub Xxxxx and the consummation by UNIFAB and Sub Xxxxx of the transactions described herein have been duly authorized by all necessary corporate action on the part of UNIFAB and all requisite action on Xxxxx, including without limitation approval of this Agreement by Xxxxx'x Board of Directors in accordance with Section 112 of the part LBCL, the approval thereof by the Xxxxx Shareholders being evidenced by their execution of Subthis Agreement. (b) This Agreement has been duly executed and delivered by UNIFAB Xxxxx and Subits shareholders, and constitutes a valid and binding obligation of UNIFAB and SubXxxxx, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally or by general equitable principles. The other agreements entered, or to be entered, into by UNIFAB and Sub Xxxxx in connection with this Agreement have been, or will be, duly executed and delivered by UNIFAB and SubXxxxx, and constitute, or will constitute, valid and binding obligations of UNIFAB and SubXxxxx, enforceable in accordance with their terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally or by general equitable principles.

b AUTHORITY; ENFORCEABLE AGREEMENTS. (ax) UNIFAB and Sub each Allen has the requisite corporate power and authority to enter into this Agreement thxx Xxreement and to consummate the transactions described herein. The execution and delivery of this Agreement by UNIFAB and Sub Allen and the consummation by UNIFAB and Sub Allen of the transactions described herein describxx xxrein have been duly authorized by all xx xll necessary corporate action on the part of UNIFAB and all requisite action on Allen, including without limitation approval of this Agreement by Allxx'x Board of Directors in accordance with Section 112 of the part LBCX, xxx approval thereof by the Allen Shareholders being evidenced by their execution of Subthis Agreement. (b) This Agreement has been duly executed and delivered by UNIFAB Allen and Subits shareholders, and constitutes a valid and binding obligation oblixxxxxn of UNIFAB and SubAllen, enforceable in accordance with its terms, except as such enforceability sxxx xnforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally or by general equitable principles. The other agreements entered, or to be entered, into by UNIFAB and Sub Allen in connection with this Agreement have been, or will be, duly executed exexxxxx and delivered by UNIFAB and SubAllen, and constitute, or will constitute, valid and binding obligations of UNIFAB and Subobligatioxx xx Allen, enforceable in accordance with their terms, except as such enforceability enfoxxxxxility may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally or by general equitable principles.