Common use of Corporate Power and Authorization Clause in Contracts

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Acx Technologies Inc), Goodwill Purchase Agreement (HLM Design Inc), Asset Purchase Agreement (Towne Services Inc)

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Corporate Power and Authorization. The Purchaser has the corporate power, authority and legal right power to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by the Purchaser have has been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by the Purchaser and constitutes the legal, valid and binding obligation of the Purchaser enforceable against Purchaser it in accordance with its terms.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Remedent Usa Inc/Az), Asset Purchase Agreement (Remedent Usa Inc/Az), Asset Purchase Agreement (Network Holdings International Inc)

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement and all covenants and agreements referred to in this Agreement. The execution, delivery and performance of this Agreement and all agreements referred to herein by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered on behalf of Purchaser by duly authorized officers or agents of Purchaser and this Agreement constitutes the legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Lmi Aerospace Inc)

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have has been duly authorized by all necessary corporate and shareholder action. This Agreement has been been, and the Purchaser Documents will be, duly executed and delivered by Purchaser and this Agreement constitutes and the Purchaser Documents when executed and delivered will constitute, the legal, valid and binding obligation obligations of Purchaser enforceable against Purchaser in accordance with its their respective terms.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Smithfield Foods Inc), Stock Purchase Agreement (American Financial Group Inc Et Al)

Corporate Power and Authorization. Purchaser Buyer has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser Buyer have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser Buyer and constitutes the legal, valid and binding obligation of Purchaser Buyer enforceable against Purchaser Buyer in accordance with its terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Eftc Corp/), Asset Purchase Agreement (Earthgrains Co /De/)

Corporate Power and Authorization. The Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by the Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by the Purchaser and constitutes the legal, valid and binding obligation of the Purchaser enforceable against Purchaser it in accordance with its terms.

Appears in 2 contracts

Samples: Assets Purchase Agreement (Therapeutic Solutions International, Inc.), Asset Purchase Agreement

Corporate Power and Authorization. Purchaser has the corporate power, --------------------------------- authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Intercept Group Inc), Asset Purchase Agreement (Intercept Group Inc)

Corporate Power and Authorization. Purchaser has the corporate power, authority authority, and legal right (including full corporate power and authority) to execute, execute and deliver this Agreement and the other Purchase Documents and to perform this Agreementits obligations hereunder and thereunder. The execution, delivery delivery, and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the Purchase Documents constitute the legal, valid valid, and binding obligation obligations of Purchaser Purchaser, enforceable against Purchaser in accordance with its termstheir terms and conditions.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Goldleaf Financial Solutions Inc.), Asset Purchase Agreement (Goldleaf Financial Solutions Inc.)

Corporate Power and Authorization. The Purchaser has the corporate power, authority power and legal right capacity to execute, deliver and perform this Agreement. The execution, delivery and performance of enter into this Agreement by Purchaser have been duly authorized by all necessary corporate actionand to perform its obligations hereunder. This Agreement has been duly is, and at the Time of Closing each of the agreements, contracts and instruments required by this Agreement to be executed and delivered by the Purchaser will be, duly authorized, executed and delivered by the Purchaser and constitutes the a legal, valid and binding obligation of Purchaser the Purchaser, enforceable against the Purchaser by the Vendor in accordance with its terms.

Appears in 1 contract

Samples: Share Purchase Agreement (Vitran Corp Inc)

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Maxco Inc)

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this AgreementAgreement and the Promissory Note. The execution, delivery and performance of this Agreement and the Promissory Note by Purchaser have been duly authorized by all necessary corporate action. This Agreement has and the Promissory Note have been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation obligations of Purchaser enforceable against Purchaser in accordance with its their terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Rotary Power International Inc)

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Corporate Power and Authorization. Purchaser has the --------------------------------- corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Stock Purchase Agreement (Aztec Manufacturing Co)

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by duly -22- authorized officers of Purchaser and constitutes the legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Swift Transportation Co Inc)

Corporate Power and Authorization. Purchaser has the corporate ----- --------------------------------- power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have has been duly authorized by all necessary corporate action. This Agreement agreement has been duly executed and delivered by duly authorized officers of Purchaser and constitutes the legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Master Graphics Inc)

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its termsterms except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting generally the enforcement of creditors' rights and by general principles of equity.

Appears in 1 contract

Samples: Plan of Reorganization and Asset Purchase Agreement (3m Co)

Corporate Power and Authorization. Purchaser has the corporate power, power and authority and legal right to execute, deliver and perform this AgreementAgreement and the other agreements, documents and instruments required to be delivered by Purchaser in accordance with this Agreement (the "Purchaser's Documents"). The execution, delivery and performance of this Agreement by Purchaser have been been, and the Purchaser's Documents when executed will be, duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms.executed

Appears in 1 contract

Samples: Asset Purchase Agreement (Consolidated Capital of North America Inc)

Corporate Power and Authorization. The Purchaser has the corporate power, authority and legal right power to execute, deliver and perform this Agreement. The execution, delivery and performance of this Agreement by the Purchaser have been duly authorized by all necessary corporate action. This Agreement has been duly executed and delivered by the Purchaser and constitutes the legal, valid and binding obligation of the Purchaser enforceable against Purchaser it in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Satcon Technology Corp)

Corporate Power and Authorization. Purchaser has the corporate power, authority and legal right to execute, deliver and perform this Amended Agreement. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary corporate action. This Amended Agreement has been duly executed and delivered by Purchaser and constitutes the legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms, subject to any requirements, limitations or conditions set forth in Section 5.1.8 below.

Appears in 1 contract

Samples: Asset Purchase Agreement (Equalnet Communications Corp)

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