Common use of Corporate Authority; Approval and Fairness Clause in Contracts

Corporate Authority; Approval and Fairness. (a) The Company has all requisite corporate power and authority and has taken all corporate action necessary in order to execute, deliver and perform its obligations under this Agreement and to consummate the Merger and the other Transactions, subject only to approval of this Agreement by the holders of a majority of the total voting power of the outstanding Shares entitled to vote on such matter at a shareholders’ meeting duly called and held for such purpose (the “Requisite Company Vote”). This Agreement has been duly executed and delivered by the Company and constitutes a valid and binding agreement of the Company enforceable against the Company in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to general equity principles (the “Bankruptcy and Equity Exception”).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Harris Corp /De/), Agreement and Plan of Merger (Exelis Inc.)

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Corporate Authority; Approval and Fairness. (a) The Company has all requisite corporate power and authority and has taken all corporate action necessary in order to execute, deliver and perform its obligations under this Agreement and to consummate the Merger and the other Transactions, subject only to approval the affirmative vote or written consent of this Agreement by the holders of a majority of the total voting power outstanding shares of the outstanding Shares Company Common Stock entitled to vote on such matter at a shareholders’ meeting duly called and held for such purpose adopting this Agreement (the “Requisite Company Vote”). The delivery of the Company Written Consent would satisfy the Requisite Company Vote. This Agreement has been duly executed and delivered by the Company and constitutes a valid and binding agreement of the Company enforceable against the Company in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to general equity principles (the “Bankruptcy and Equity Exception”).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (DraftKings Inc.), Agreement and Plan of Merger (Golden Nugget Online Gaming, Inc.)

Corporate Authority; Approval and Fairness. (a) The Company has all requisite corporate power and authority and has taken all corporate action necessary in order to execute, deliver and perform its obligations under this Agreement and to consummate the Merger and the other Transactionstransactions contemplated by this Agreement, subject only to approval adoption of this Agreement by the holders of a majority of the total voting power of the outstanding Shares entitled to vote on such matter at a shareholdersstockholders’ meeting duly called and held for such purpose (the “Requisite Company Vote”). This Agreement has been duly executed and delivered by the Company and constitutes a valid and binding agreement of the Company enforceable against the Company in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to general equity principles (the “Bankruptcy and Equity Exception”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Blackhawk Network Holdings, Inc)

Corporate Authority; Approval and Fairness. (ai) The Company has all requisite corporate power and authority and has taken all corporate action necessary in order to execute, deliver and perform (in the case of consummation of the Merger, subject to obtaining requisite shareholder approval) its obligations under this Agreement and to consummate the Merger and the other Transactionsconsummate, subject only to approval of this Agreement by the holders of a majority of the total voting power of the outstanding Shares entitled to vote on such matter at a shareholders’ meeting duly called and held for such purpose (the "Company Requisite Company Vote"), the Merger. This Assuming the due authorization, execution and delivery of this Agreement has been duly executed by Parent and delivered by the Company and constitutes Merger Sub, this Agreement is a valid and binding agreement of the Company enforceable against the Company in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws laws of general applicability relating to or affecting creditors' rights and to general equity principles (the "Bankruptcy and Equity Exception").

Appears in 1 contract

Samples: Agreement and Plan of Merger (Detroit Edison Co)

Corporate Authority; Approval and Fairness. (ai) The Company has all requisite corporate power and authority and has taken all corporate action necessary in order to execute, execute and deliver this Agreement and to perform its obligations under this Agreement and to consummate the Offer, the Merger and the transactions contemplated by this Agreement, and no other corporate proceedings on the part of the Company are necessary to authorize the execution and delivery of this Agreement or to consummate the Offer, the Merger and the other Transactions, subject only to approval transactions contemplated hereby in accordance with the terms and conditions of this Agreement by the holders of a majority of the total voting power of the outstanding Shares entitled to vote on such matter at a shareholders’ meeting duly called and held for such purpose (the “Requisite Company Vote”)Agreement. This Agreement has been duly executed and delivered by the Company and constitutes a valid and binding agreement of the Company enforceable against the Company in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to general equity principles (the “Bankruptcy and Equity Exception”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Idenix Pharmaceuticals Inc)

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Corporate Authority; Approval and Fairness. (a) The Company has all requisite corporate power and authority and has taken all corporate action necessary in order to execute, deliver and perform its obligations under this Agreement and to consummate the Merger and the other Transactionsconsummate, subject only to approval of this Agreement by the holders of a majority of the total voting power of the outstanding Shares entitled to vote on such matter at a shareholders’ meeting duly called and held for such purpose (the "Company Requisite Company Vote"), the Merger and the transactions contemplated hereby. This Agreement has been duly executed and delivered by the Company Company, and constitutes assuming due authorization, execution and delivery of this Agreement by Parent and Merger Sub, is a valid and legally binding agreement of the Company enforceable against the Company in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws laws of general applicability relating to or affecting creditors' rights and to general equity principles (the "Bankruptcy and Equity Exception").

Appears in 1 contract

Samples: Agreement and Plan of Merger (MKS Instruments Inc)

Corporate Authority; Approval and Fairness. (ai) The Company has all requisite corporate power and authority and has taken all corporate action necessary in order to execute, execute and deliver this Agreement and to perform its obligations under this Agreement and to consummate the Merger and the any other Transactionstransaction contemplated by this Agreement, subject only to approval adoption of this Agreement by the holders of a majority of the total voting power of the outstanding Shares entitled to vote on such matter at a shareholdersstockholders’ meeting duly called and held for such purpose (the “Requisite Company Vote”). This Agreement has been duly executed and delivered by the Company and constitutes a valid and binding agreement of the Company enforceable against the Company in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to general equity principles (the “Bankruptcy and Equity Exception”).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Solera Holdings, Inc)

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