Common use of Corporate Authority; Authorization of Agreement Clause in Contracts

Corporate Authority; Authorization of Agreement. Buyer has all requisite corporate power and authority to execute and deliver this Agreement, to consummate the transaction contemplated by this Agreement and to perform all obligations placed on Buyer in this Agreement. This Agreement, when executed and delivered by Buyer, constitutes the valid and binding obligation of Buyer, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or other Laws relating to or affecting the enforcement of creditors’ rights and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Callon Petroleum Co), Purchase and Sale Agreement (Callon Petroleum Co)

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Corporate Authority; Authorization of Agreement. Buyer has all requisite corporate power and authority to execute and deliver this Agreement, to consummate the transaction transactions contemplated by this Agreement and to perform all obligations placed on Buyer in this Agreement. This Agreement, when executed and delivered by Buyer, constitutes the valid and binding obligation of Buyer, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or other Laws relating to or affecting the enforcement of creditors’ rights and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Stone Energy Corp)

Corporate Authority; Authorization of Agreement. Buyer It has all requisite corporate power and authority to execute and deliver this Agreement, to consummate the transaction transactions contemplated by this Agreement and to perform all obligations placed on Buyer it in this Agreement. This Agreement, when executed and delivered by Buyer, constitutes the valid and binding obligation of Buyerit, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or other Laws relating to or affecting the enforcement of creditors’ rights and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

Appears in 1 contract

Samples: Partnership Interest and Share Purchase and Sale Agreement (Apache Corp)

Corporate Authority; Authorization of Agreement. Buyer Seller has all requisite corporate power and authority to execute and deliver this Agreement, to consummate the transaction transactions contemplated by this Agreement and to perform all obligations placed on Buyer of Seller in this Agreement. This Agreement, when executed and delivered by BuyerSeller, constitutes the valid and binding obligation of BuyerSeller, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or other Laws relating to or affecting the enforcement of creditors’ rights and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Callon Petroleum Co)

Corporate Authority; Authorization of Agreement. Buyer has all requisite corporate power and authority to execute and deliver this Agreement, to consummate the transaction transactions contemplated by this Agreement and to perform all of the obligations placed on Buyer in this Agreement. This Agreement, when executed and delivered by Buyer, constitutes the valid and binding obligation of Buyer, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or other Laws relating to or affecting the enforcement of creditors’ rights and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Apache Corp)

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Corporate Authority; Authorization of Agreement. Buyer Seller has all requisite corporate power and authority to execute and deliver this Agreement, to consummate the transaction transactions contemplated by this Agreement and to perform all obligations placed on Buyer Seller in this Agreement. This Agreement, when executed and delivered by BuyerSeller, constitutes the valid and binding obligation of BuyerSeller, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or other Laws relating to or affecting the enforcement of creditors’ rights and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Stone Energy Corp)

Corporate Authority; Authorization of Agreement. Buyer has all requisite corporate power and authority to execute and deliver this Agreement, to consummate the transaction contemplated by this Agreement and to perform all obligations placed on Buyer in this Agreement. This Agreement, when executed and delivered by Buyer, constitutes the valid and binding obligation of Buyer, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or other Laws relating to or affecting the enforcement of creditors' rights and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Apache Corp)

Corporate Authority; Authorization of Agreement. Buyer Contractor has all requisite corporate power and authority to execute and deliver this AgreementContract, to consummate the transaction transactions contemplated by this Agreement Contract and to perform all obligations placed on Buyer Contractor in this AgreementContract. This AgreementContract, when executed and delivered by BuyerContractor, constitutes the valid and binding obligation of BuyerContractor, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency or other Laws relating to or affecting the enforcement of creditors’ rights and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

Appears in 1 contract

Samples: Superior Energy Services Inc

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