Common use of Capacity; Authority; Validity Clause in Contracts

Capacity; Authority; Validity. The Company has all capacity, power and authority to enter into this Agreement and to perform all the obligations to be performed by the Company hereunder; this Agreement and the consummation by the Company of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary action of the Company; this Agreement has been duly executed and delivered by the Company; and assuming the due execution and delivery of this Agreement by the Buyer, this Agreement constitutes the legal, valid and binding obligation of the Company enforceable against the Company in accordance with their respective terms.

Appears in 4 contracts

Samples: Share Purchase Agreement (Taracan Investments S.A.), Share Purchase Agreement (Diana Containerships Inc.), Form of Share Purchase Agreement (Diana Containerships Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.