Common use of Binding Authority Clause in Contracts

Binding Authority. Each of the parties hereby represents and warrants that the execution, delivery and performance of this Amendment are within the party’s corporate power and have been or will be duly authorized by all necessary corporate action, and this Amendment constitutes the legal, valid and binding obligation of the party in accordance with its terms.

Appears in 9 contracts

Samples: Participation Agreement (Transamerica Corporate Separate Account Sixteen), Fund Participation Agreement (Transamerica Corporate Separate Account Sixteen), Participation Agreement (Transamerica Corporate Separate Account Sixteen)

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Binding Authority. Each of the parties hereby represents and warrants that the execution, delivery and performance of this Amendment are within the party’s corporate power and have been or will be duly authorized by all necessary corporate action, and this Amendment constitutes c onstitutes the legal, valid and binding obligation of the party in accordance with its terms.

Appears in 1 contract

Samples: Participation Agreement (Transamerica Corporate Separate Account Sixteen)

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