Common use of Due Authorization; Binding Agreement Clause in Contracts

Due Authorization; Binding Agreement. Seller has the right, power, legal capacity and authority to enter into and perform this Agreement. This Agreement and all Transaction Documents are and will constitute the valid and legally binding obligations of Seller and are and will be enforceable against Seller in accordance with the respective terms hereof or thereof, except as limited by applicable bankruptcy, reorganization, insolvency, moratorium or other similar laws affecting the enforcement of creditor’s rights generally from time to time in effect.

Appears in 5 contracts

Samples: Demonsaw LLC Membership Interest Purchase Agreement (MGT Capital Investments Inc), LLC Membership Interest Purchase Agreement (Biozone Pharmaceuticals, Inc.), LLC Membership Interest Purchase Agreement (Biozone Pharmaceuticals, Inc.)

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