Common use of Certificates of Authority Clause in Contracts

Certificates of Authority. ExxonMobil may require Buyer to deliver, at least five days before the Closing Date, certificates in form and substance satisfactory to ExxonMobil, effective as of the Closing Date and executed by Buyer’s duly authorized officer, partner, or owner, as appropriate, to the effect that (1) Buyer has all requisite corporate, partnership, or other power and authority to purchase the Interests on the terms of this Agreement and to perform its other obligations under this Agreement and has fulfilled all corporate, partnership, or other prerequisites to closing this transaction, and (2) each individual executing the closing documents has the authority to act on behalf of Buyer. Upon request, ExxonMobil will furnish Buyer with copies of applicable Powers-of Attorney evidencing ExxonMobil’s authority to sell the Interests covered by this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Resolute Energy Corp), Purchase and Sale Agreement (Resolute Energy Partners, LP)

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Certificates of Authority. Buyer may require ExxonMobil to deliver, at least five (5) days before the Closing Date, a copy of a power of attorney for each individual executing the closing documents as evidence that the individual has authority to act on behalf of ExxonMobil. ExxonMobil may require Buyer to deliver, at least five (5) days before the Closing Date, certificates in form and substance satisfactory to ExxonMobil, effective as of the Closing Date and executed by Buyer’s duly authorized officer, partner, or owner, as appropriate, to the effect that that: (1) Buyer has all requisite corporate, partnership, or other power and authority to purchase the Interests on the terms of this Agreement and to perform its other obligations under this Agreement and has fulfilled all corporate, partnership, or other prerequisites to closing this transaction, and ; and (2) each individual executing the closing documents has the authority to act on behalf of Buyer. Upon request, ExxonMobil will furnish Buyer with copies of applicable Powers-of Attorney evidencing ExxonMobil’s authority to sell the Interests covered by this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (W&t Offshore Inc)

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Certificates of Authority. ExxonMobil may require Buyer to deliver, at least five days before the Closing Date, certificates in form and substance satisfactory to ExxonMobil, effective as of the Closing Date and executed by Buyer’s duly authorized officer, partner, or owner, as appropriate, to the effect that that: (1) Buyer has all requisite corporate, partnership, or other power and authority to purchase the Interests on the terms of this Agreement and to perform its other obligations under this Agreement and has fulfilled all corporate, partnership, or other prerequisites to closing this transaction, and ; and (2) each individual executing the closing documents has the authority to act on behalf of Buyer. Upon request, ExxonMobil will furnish Buyer with copies of applicable Powers-of Attorney evidencing ExxonMobil’s authority to sell the Interests covered by this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Energy Xxi (Bermuda) LTD)

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