Common use of Corporate Approval; Binding Effect Clause in Contracts

Corporate Approval; Binding Effect. The Buyer has all requisite power and full legal right to enter into this Agreement, and to perform all of the Buyer's agreements and obligations hereunder, in accordance with its terms. The Buyer has obtained all necessary corporate or organizational authorizations and approvals required for the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby. This Agreement has been duly executed and delivered by the Buyer and constitutes the legal, valid and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms, except as enforceability thereof may be limited by any applicable bankruptcy, reorganization, insolvency or other laws affecting creditors' rights generally or by general principles of equity.

Corporate Approval; Binding Effect. The Buyer has all requisite power and full legal right to enter into this Agreement, and to perform all Each of the Buyer's agreements and obligations hereunder, in accordance with its terms. The Buyer corporations has obtained all necessary corporate or organizational authorizations and approvals from their respective Board of Directors, and, if necessary, stockholders, required for the execution and delivery of this Agreement the Transaction Documents to which it is a party and the consummation of the transactions contemplated herebyhereby and thereby. This Agreement has been duly executed and delivered by the Buyer and constitutes constitutes, and when the Escrow Agreement is executed and delivered by the Buyer it will constitute, the legal, valid and binding obligation of the Buyer, enforceable against the Buyer Buyer, in accordance with its their terms, except as enforceability thereof may be limited by any applicable bankruptcy, reorganization, insolvency or other laws affecting creditors' ’ rights generally or by general principles of equity.

Corporate Approval; Binding Effect. The Buyer has all requisite power and full legal right to enter into this Agreement, and to perform all of the Buyer's agreements and obligations hereunder, in accordance with its terms. The Buyer has obtained all necessary corporate or organizational authorizations and approvals from its Board of Directors and stockholders required for the execution and delivery of this Agreement, the Escrow Agreement and the Non-Competition Agreements and the consummation of the transactions contemplated herebyhereby and thereby. This Each of this Agreement, the Escrow Agreement and the Non-Competition Agreements has been duly executed and delivered by the Buyer and constitutes the legal, valid and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms, except as enforceability thereof may be limited by any applicable bankruptcy, reorganization, insolvency or other laws affecting creditors' rights generally or by general principles of equity.