Due Authorization and Enforceability of Obligations. (a) The Purchaser has all necessary corporate power, authority and capacity to enter into this Agreement and to carry out its obligations under this Agreement.
(b) The execution and delivery of this Agreement and the consummation of the Transaction have been duly authorized by all necessary corporate action on the part of the Purchaser.
(c) This Agreement constitutes a valid and binding obligation of the Purchaser enforceable against it in accordance with its terms.
Due Authorization and Enforceability of Obligations. Such Company Shareholder has all necessary power, authority and capacity to enter into this Agreement and any other agreements or document in connection with this Agreement (the “Related Documents”) to which it is a party and to carry out its obligations under this Agreement and the Related Documents to which it is a party. To the extent such Company Shareholder is a body corporate, the execution and delivery of this Agreement and the Related Documents to which such Company Shareholder is a party and the consummation of the transactions contemplated by this Agreement and the Related Documents have been duly authorized by all necessary corporate action on the part of such Company Shareholder. This Agreement constitutes, and each of the Related Documents to be executed by such Company Shareholder in connection with the Closing will constitute, a valid and binding obligation of such Company Shareholder enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization and other similar laws of general application limiting the enforcement of creditors’ rights generally and to the fact that specific performance is an equitable remedy available only in the discretion of the court.
Due Authorization and Enforceability of Obligations. The Purchaser has all necessary corporate power, authority and capacity to enter into this Agreement and to carry out its obligations under this Agreement. The execution and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate action of the Purchaser. This Agreement constitutes valid and binding obligations of the Purchaser enforceable against it in accordance with its terms except as enforcement may be limited by bankruptcy, insolvency and other laws affecting the rights of creditors generally and except that equitable remedies may be granted only in the discretion of a court of competent jurisdiction.
Due Authorization and Enforceability of Obligations. The execution and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate action on the part of MNIL. This Agreement constitutes a valid and binding obligation of MNIL enforceable against it in accordance with its terms.
Due Authorization and Enforceability of Obligations. The Corporation has all necessary corporate or comparable organizational power, authority, and capacity to enter into this Agreement and to carry out its obligations under this Agreement. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereunder has been duly authorized by all necessary corporate action of the Corporation. This Agreement has been duly executed and delivered by the Corporation and, assuming due authorization, execution and delivery by the other parties hereto, represents the legal, valid and binding obligation of the Corporation, enforceable against such parties in accordance with its terms, subject to the effect of (A) applicable bankruptcy, insolvency, reorganization, moratorium and other similar Laws now and hereafter in effect relating to the rights of creditors generally and (B) rules of law and equity governing specific performance, injunctive relief and other equitable remedies. No further authorizing action on the part of the Corporation is or will be required in connection with the consummation of the transactions contemplated hereby.
Due Authorization and Enforceability of Obligations. The Purchaser has, and the Real Property Purchasers will have, all necessary power, authority and capacity to enter into this Agreement and to carry out its obligations under this Agreement. The execution and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement have been duly authorized by all necessary corporation and partnership action on behalf of the Purchaser by its General Partner and will be duly authorized by all necessary corporate action by the Real Property Purchasers prior to the Closing. This Agreement constitutes a valid and binding obligation of the Purchaser enforceable against it in accordance with its terms subject to the usual exceptions as to bankruptcy and the availability of equitable remedies.
Due Authorization and Enforceability of Obligations. The Corporation has duly executed this Agreement, and this Agreement and the other agreements to be entered into by the Corporation pursuant hereto constitute legal, valid and binding obligations of the Corporation, enforceable against the Corporation in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency and other Laws affecting the rights of creditors generally and except that equitable remedies may be granted only in the discretion of a court of competent jurisdiction.
Due Authorization and Enforceability of Obligations. The Vendor has all necessary corporate power, authority and capacity to enter into this Agreement and to carry out its obligations under this Agreement. The execution and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate action on the part of the Vendor. This Agreement constitutes a valid and binding obligation of the Vendor enforceable against it in accordance with its terms subject to any limitations imposed by Law.
Due Authorization and Enforceability of Obligations. The Vendor has all necessary corporate power, authority and capacity to enter into this Agreement and to carry out its obligations under this Agreement and any other Contracts to be entered into by the Vendor as provided herein, and to own the Purchased Assets and to carry on the Businesses as now being carried on by it. The execution and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement will have been duly authorized by all necessary corporate action on the part of the Vendor at the Closing Time. This Agreement constitutes a valid and binding obligation of the Vendor enforceable against it in accordance with its terms subject to the usual exceptions as to bankruptcy and the availability of equitable remedies. At the Effective Time, each of the contracts required by this Agreement to be delivered by the Vendor will be duly executed and delivered by the Vendor and will be valid and binding obligations of the Vendor, enforceable in accordance with its terms, subject to the usual exceptions of bankruptcy, and the availability of equitable remedies.
Due Authorization and Enforceability of Obligations. (a) If the Vendor is an individual, such Vendor has the individual legal capacity under the laws of the Province of British Columbia, the federal laws of Canada or such other jurisdiction in which he/she is resident, as applicable, to enter into this Agreement and the other agreements contemplated herein, and to and to observe and perform his/her covenants and obligations under this Agreement and the other agreements contemplated herein. If such Vendor is not an individual, such Vendor is duly incorporated and validly existing under the laws of its jurisdiction of incorporation, has the necessary corporate capacity and authority to execute and delivery this Agreement and the other agreements contemplated herein and to observe and perform its covenants and obligations under this Agreement and the other agreements contemplated herein and has taken all necessary corporate action in respect thereof, and such non-individual Vendor is wholly owned and Controlled by an individual Vendor.
(b) The Vendor has duly executed this Agreement, and this Agreement and the other agreements to be entered into by the Vendor pursuant hereto constitute legal, valid and binding obligations of such Vendor, enforceable against such Vendor in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency and other Laws affecting the rights of creditors generally and except that equitable remedies may be granted only in the discretion of a court of competent jurisdiction.
