Common use of Corporation Power and Authorization Clause in Contracts

Corporation Power and Authorization. The Seller has full corporate authority to execute and deliver this Agreement and any other agreement to be executed and delivered by the Seller in connection herewith, and to carry out the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate and shareholder action. No other corporate proceedings by the Seller will be necessary to authorize this Agreement or the carrying out of the transactions contemplated hereby. This Agreement constitutes a valid and binding Agreement of the Seller in accordance with its terms.

Appears in 7 contracts

Samples: Asset Sales Agreement (Precision Auto Care Inc), Sale of Assets Agreement (G2 Ventures Inc), Sale of Assets Agreement (G2 Ventures Inc)

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Corporation Power and Authorization. The Seller has full corporate authority to execute and deliver this Agreement and any other agreement to be executed and delivered by the Seller in connection herewith, and to carry out the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate and shareholder action. The appropriate corporate resolution is attached as Schedule 15.2. No other corporate proceedings by the Seller will be necessary to authorize this Agreement or the carrying out of the transactions contemplated hereby. This Agreement constitutes a valid and binding Agreement of the Seller in accordance with its terms.

Appears in 3 contracts

Samples: Sale of Assets Agreement (Renegade Venture Nev Corp), Sale of Assets Agreement (Global Aircraft Solutions, Inc.), Sale of Assets Agreement (Global Aircraft Solutions, Inc.)

Corporation Power and Authorization. The Seller has full corporate authority to execute and deliver this Agreement and any other agreement to be executed and delivered by the Seller in connection herewith, and to carry out the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate and shareholder action. No other corporate proceedings by the Seller will be are necessary to authorize this Agreement or the carrying out of the transactions contemplated hereby. The Seller has consulted its own financial advisor, tax advisor and accountant, as necessary or desirable, as to matters concerning this Agreement. This Agreement constitutes a valid and binding Agreement of the Seller in accordance with its terms.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Sars Corp.), Asset Purchase Agreement (Sars Corp.), Asset Purchase Agreement (Mycom Group Inc /Nv/)

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Corporation Power and Authorization. The Seller has full corporate -------------------------------------- authority to execute and deliver this Agreement and any other agreement to be executed and delivered by the Seller in connection herewith, and to carry out the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate and shareholder action. No other corporate proceedings by the Seller will be necessary to authorize this Agreement or the carrying out of the transactions contemplated hereby. This Agreement constitutes a valid and binding Agreement of the Seller in accordance with its terms.

Appears in 1 contract

Samples: Sale of Assets Agreement (Pacific Telcom Inc)

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