Common use of Binding Obligations; Due Authorization Clause in Contracts

Binding Obligations; Due Authorization. Subject to the approval of its shareholders, this Agreement constitutes a valid, legal, and binding obligation of Purchaser, enforceable against it in accordance with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, or similar law, or by general principles of equity. The execution, delivery, and performance of this Agreement and the transactions contemplated thereby have been duly and validly authorized by the board of directors of Purchaser.

Appears in 3 contracts

Samples: Share Exchange Agreement (Dynamic Natural Resources Inc.), Share Exchange Agreement (Dynamic Natural Resources Inc.), Share Exchange Agreement (Dynamic Natural Resources Inc.)

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Binding Obligations; Due Authorization. Subject to the approval of its shareholders, this Agreement constitutes a valid, legal, and binding obligation of PurchaserPUBLIC COMPANY, enforceable against it in accordance with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, or similar law, or by general principles of equity. The execution, delivery, and performance of this Agreement and the transactions contemplated thereby have been duly and validly authorized by the board of directors of PurchaserPUBLIC COMPANY.

Appears in 2 contracts

Samples: Share Exchange Agreement (Skyview Holdings Corp.), Share Exchange Agreement (Skyview Holdings Corp.)

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Binding Obligations; Due Authorization. Subject to the approval of its shareholders, this Agreement constitutes a valid, legal, and binding obligation of PurchaserPublic Company, enforceable against it in accordance with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, or similar law, or by general principles of equity. The execution, delivery, and performance of this Agreement and the transactions contemplated thereby have been duly and validly authorized by the board of directors of PurchaserPublic Company.

Appears in 1 contract

Samples: Share Exchange Agreement (Quetzal Capital I Inc)

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