Common use of Corporate Approval; Binding Effect Clause in Contracts

Corporate Approval; Binding Effect. The Buyer has obtained all necessary authorizations and approvals from its Board of Directors required for the execution and delivery of the Transaction Documents to which it is a party and the consummation of the transactions contemplated hereby and thereby. This Agreement has been duly executed and delivered by the Buyer and constitutes, and the other Transaction Documents when executed and delivered by the Seller will constitute, the legal, valid and binding obligations of the Buyer, enforceable against the Buyer, in accordance with 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 Seller has obtained all necessary authorizations and approvals from its Board of Directors and stockholders, if any, required for the execution and delivery of the Transaction Documents to which it is a party and the consummation of the transactions contemplated hereby and thereby. This Agreement has been duly executed and delivered by the Buyer Seller and constitutes, and the other Transaction Documents when executed and delivered by the Seller will constitute, the legal, valid and binding obligations of the Buyer, Seller enforceable against the Buyer, it in accordance with their terms, except as the enforceability thereof may be limited by any applicable bankruptcy, reorganization, fraudulent conveyance, insolvency or other laws affecting creditors' rights generally or by general principles of equity.

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