Common use of Due Authorization and Execution; Effect of Agreement Clause in Contracts

Due Authorization and Execution; Effect of Agreement. The execution, delivery and performance by Purchaser of this Agreement and the consummation by Purchaser of the transactions contemplated hereby have been duly authorized by all necessary corporate action required to be taken on the part of Purchaser. This Agreement has been duly and validly executed and delivered by Purchaser and constitutes the valid and binding obligation of Purchaser, enforceable in accordance with its terms. The execution, delivery and performance by Purchaser of this Agreement and the consummation by Purchaser of the transactions contemplated hereby will not, with or without the giving of notice or the lapse of time, or both, (a) violate any provision of any law, rule or regulation to which Purchaser is subject; (b) violate any order, judgment or decree applicable to Purchaser; or (c) conflict with or result in a breach of or a default under any term or condition of Purchaser's Certificate of Incorporation or By-Laws or any agreement or other instrument to which Purchaser is a party or by which it or its assets may be bound, except in each case, for violations, conflicts, breaches or defaults which in the aggregate would not materially hinder or impair the consummation of the transactions contemplated hereby.

Appears in 9 contracts

Samples: Purchase Agreement (Family Golf Centers Inc), Escrow Agreement (Family Golf Centers Inc), Asset Purchase Agreement (Family Golf Centers Inc)

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Due Authorization and Execution; Effect of Agreement. The execution, delivery and performance by Purchaser Assignor of this Agreement and the consummation by Purchaser Assignor of the transactions contemplated hereby have been duly authorized by all necessary corporate partnership action required to be taken on the part of Purchaserthe Assignor. This Agreement has been duly and validly executed and delivered by Purchaser Assignor and constitutes the valid and binding obligation of PurchaserAssignor, enforceable in accordance with its terms. The execution, delivery and performance by Purchaser Assignor of this Agreement and the consummation by Purchaser Assignor of the transactions contemplated hereby will not, with or without the giving of notice or the lapse of time, or both, (a) violate any provision of any law, rule or regulation to which Purchaser Assignor is subject; (b) violate any order, judgment or decree applicable to PurchaserAssignor; or (c) conflict with or result in a breach of or a default under any term or condition of PurchaserAssignor's Certificate organizational documents or partnership agreement or any term or condition of Incorporation or By-Laws or any agreement or other instrument to which Purchaser Assignor is a party or by which it or its assets may be bound, except in each case, for violations, conflicts, breaches or defaults which in the aggregate would not materially hinder or impair the consummation of the transactions contemplated hereby.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Family Golf Centers Inc)

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Due Authorization and Execution; Effect of Agreement. The execution, delivery and performance by Purchaser of this Agreement and the consummation by Purchaser of the transactions contemplated hereby have been duly authorized by all necessary corporate action required to be taken on the part of Purchaser. This Agreement has been duly and validly executed and delivered by Purchaser and constitutes the valid and binding obligation of Purchaser, enforceable in accordance with its terms. The execution, delivery and performance by Purchaser of this Agreement and the consummation by Purchaser of the transactions contemplated hereby will not, with or without the giving of notice or the lapse of time, or both, (a) violate any provision of any law, rule or regulation to which Purchaser is subject; (b) violate any order, judgment or decree applicable to Purchaser; or (c) conflict with or result in a breach of or a default under any term or condition of Purchaser's Certificate of Incorporation or By-Laws ByLaws or any agreement or other instrument to which Purchaser is a party or by which it or its assets may be bound, except in each case, for violations, conflicts, breaches or defaults which in the aggregate would not materially hinder or impair the consummation of the transactions contemplated hereby.

Appears in 1 contract

Samples: Purchase Agreement (Family Golf Centers Inc)

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