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

Due Authorization, Execution and Delivery; Effect of Agreement. The execution, delivery and performance by Buyer of this Agreement and the consummation by Buyer of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer and constitutes the valid and binding legal obligations of Buyer, enforceable against it in accordance with its terms, except to the extent that such enforceability (a) may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to creditors' rights generally, and (b) is subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 2 contracts

Samples: Asset Purchase Agreement (Aetrium Inc), Asset Purchase Agreement (Aetrium Inc)

AutoNDA by SimpleDocs

Due Authorization, Execution and Delivery; Effect of Agreement. The execution, delivery and performance by Buyer of this Agreement and the Note and the consummation by Buyer of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer and constitutes constitutes, and the Note when duly and validly executed and delivered by Buyer will constitute, the valid and binding legal obligations of Buyer, enforceable against it in accordance with its their terms, except to the extent that such enforceability (a) may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to creditors' rights generally, and (b) is subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 2 contracts

Samples: Asset Purchase Agreement (Aetrium Inc), Asset Purchase Agreement (Aetrium Inc)

Due Authorization, Execution and Delivery; Effect of Agreement. (a) The execution, delivery and performance by Buyer Purchaser of this Agreement and the consummation by Buyer Purchaser of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of BuyerPurchaser. This Agreement has been duly and validly executed and delivered by Buyer Purchaser and constitutes the legal, valid and binding legal obligations obligation of BuyerPurchaser, enforceable against it in accordance with its terms, except to the extent that such enforceability (ai) may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to creditors' rights generally, generally and (bii) is subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Stock Purchase Agreement (Energy Ventures Inc /De/)

AutoNDA by SimpleDocs

Due Authorization, Execution and Delivery; Effect of Agreement. The execution, delivery and performance by Buyer of this Agreement and the consummation by Buyer of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of Buyer. This Agreement has been duly and validly executed and delivered by Buyer and constitutes the valid and binding legal obligations of Buyer, enforceable against it in accordance with its their terms, except to the extent that such enforceability (a) may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to creditors' rights generally, and (b) is subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Samples: Asset Purchase Agreement (Aetrium Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.