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

Corporate Authority; Authorization of Agreement. Seller has all requisite power and authority to execute and deliver this Agreement, to consummate the transactions contemplated hereby, and to perform all the terms and conditions hereof to be performed by it. The execution and delivery of this Agreement, the performance of all the terms and conditions hereof to be performed by Seller, and the consummation of the transactions contemplated hereby have been duly authorized and approved by the Seller. This Agreement has been duly executed and delivered by Seller and constitutes the valid and binding obligation of Seller 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 generally and general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 2 contracts

Samples: Asset Purchase Agreement (Technology Solutions Company), Asset Purchase Agreement (Technology Solutions Company)

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Corporate Authority; Authorization of Agreement. Seller It has all requisite corporate power and authority to execute and deliver this Agreement, to consummate the transactions contemplated hereby, herein and to perform all of the terms and conditions hereof to be performed by itit as provided for in this Agreement. The Its execution and delivery of this Agreement, the its performance of all of the terms and conditions hereof covenants to be performed by Sellerit, and the consummation of the transactions contemplated hereby herein have been duly authorized and approved by the Sellerall necessary corporate action. This Agreement has been duly executed and delivered by Seller it and constitutes the its valid and binding obligation of Seller obligation, 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 generally and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity or at lawequity).

Appears in 1 contract

Samples: Oil and Gas Lease Agreement (Tipperary Corp)

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Corporate Authority; Authorization of Agreement. Seller has all requisite corporate power and authority to execute and deliver this AgreementAgreement and the Operative Documents to which it is a party, to consummate the transactions contemplated hereby, by this Agreement and the Operative Documents to which it is a party and to perform all of its obligations under this Agreement and the terms and conditions hereof Operative Documents to be performed by itwhich it is a party. The execution and delivery of this Agreement, the performance of all the terms and conditions hereof to be performed by SellerThis Agreement constitutes, and the consummation of the transactions contemplated hereby have been duly authorized and approved by the Seller. This Agreement has been duly Operative Documents to which it is a party, when executed and delivered by Seller and constitutes Seller, shall constitute, the valid and binding obligation obligations of Seller Seller, enforceable against it in accordance with its their respective terms, except as such enforceability may be limited by bankruptcy, insolvency or other laws Laws relating to or affecting the enforcement of creditors’ rights generally and general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity or at lawequity).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Crimson Exploration Inc.)

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