Common use of Due Execution and Delivery; Binding Obligations Clause in Contracts

Due Execution and Delivery; Binding Obligations. The execution, delivery and performance of this Agreement and the Ancillary Documents has been duly authorized by all necessary action on the part of such Seller. This Agreement has been, and at the Closing the Ancillary Documents will be, duly executed and delivered by such Seller, and this Agreement constitutes, and each Ancillary Document will constitute when executed, a legal, valid and binding agreement of such Seller, enforceable against such Seller in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, arrangement, moratorium or other Laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability.

Appears in 1 contract

Samples: Equity Purchase Agreement (Xata Corp /Mn/)

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Due Execution and Delivery; Binding Obligations. The execution, delivery and performance of this Agreement and the Ancillary Documents by such Seller has been duly authorized by all necessary action on the part of such Seller. This Agreement has been, and at the Closing the Ancillary Documents will be, duly executed and delivered by such Seller, and this Agreement constitutes, and each the Ancillary Document will constitute when executed, a legal, valid and binding agreement of such Seller, enforceable against such Seller in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, arrangement, moratorium or other similar Laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability.

Appears in 1 contract

Samples: Stock Purchase Agreement (Xata Corp /Mn/)

Due Execution and Delivery; Binding Obligations. The execution, delivery and performance of this This Agreement and the Ancillary Documents has been duly authorized executed and delivered by all necessary action on the part of such Seller. This Agreement has been, and at the Closing each of the Ancillary Documents Agreements will be, at Closing, duly executed and delivered by such Seller, Seller and this the Company. This Agreement constitutes, and each of the Ancillary Document Agreements will constitute when executedat Closing, a legal, valid and binding agreement of such SellerSeller and the Company (with respect to the Ancillary Agreements only), enforceable against such Seller and the Company in accordance with its their respective terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, arrangement, moratorium or other similar Laws relating to or limiting creditors' rights generally or by equitable principles relating to enforceability.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Centura Software Corp)

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Due Execution and Delivery; Binding Obligations. The execution, delivery and performance by Purchaser of this Agreement and the Ancillary Documents has have been duly authorized by all necessary action on the part of such SellerPurchaser. This Agreement has been, and at the Closing the Ancillary Documents will be, duly executed and delivered by such Seller, and this Purchaser. This Agreement constitutes, and each Ancillary Document will constitute when executed, a legal, valid and binding agreement of such SellerPurchaser, enforceable against such Seller in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, arrangement, moratorium or other similar Laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability.

Appears in 1 contract

Samples: Equity Purchase Agreement (Xata Corp /Mn/)

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