Common use of Due Authorization and Enforceability of Obligations Clause in Contracts

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.

Appears in 1 contract

Samples: Share Exchange Agreement

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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 transactions contemplated by this Agreement 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.

Appears in 1 contract

Samples: Residual Purchase Agreement (Optimal Group Inc)

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 transaction contemplated under this Agreement 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 termsterms subject to any limitations imposed by Law.

Appears in 1 contract

Samples: Purchase Agreement (Tredegar Corp)

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 transactions contemplated by this Agreement 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 termsterms subject to any limitations imposed by Law.

Appears in 1 contract

Samples: Asset Sale Agreement (Corinthian Colleges Inc)

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Due Authorization and Enforceability of Obligations. (a) The Purchaser Buyer 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 transactions contemplated by this Agreement have been duly authorized by all necessary corporate action on the part of the Purchaser. (c) Buyer. This Agreement constitutes a valid and binding obligation of the Purchaser Buyer enforceable against it in accordance with its terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Merge Healthcare Inc)

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