Common use of Execution, Delivery and Performance of Agreement; Authority Clause in Contracts

Execution, Delivery and Performance of Agreement; Authority. Neither the execution, delivery nor performance of this Agreement by Seller will, with or without the giving of notice or the passage of time, or both, conflict with, result in a default, right to accelerate or loss of rights under, or result in the creation of any lien, charge or encumbrance pursuant to, any provision of Seller's certificate of incorporation or other certificate of authority to do business or bylaws or any franchise, mortgage, deed of trust, lease, license, agreement, understanding, law, rule or regulation or any order, judgment or decree to which the Seller is a party or by which the Seller may be bound or affected. Seller has the full power and authority to enter into this Agreement and to carry out the transactions contemplated hereby, all proceedings required to be taken by Seller to authorize the execution, delivery and performance of this Agreement and the agreements relating hereto has been properly taken and this Agreement constitutes a valid and binding obligation of Seller.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (United Park City Mines Co), Agreement of Purchase and Sale (United Park City Mines Co)

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Execution, Delivery and Performance of Agreement; Authority. Neither the execution, delivery nor performance of this Agreement by Seller will, with or without the giving of notice or the passage of time, or both, conflict with, result in a default, right to accelerate or loss of rights under, or result in the creation of any lien, charge or encumbrance pursuant to, any provision of Seller's certificate of incorporation or other certificate of authority to do business or bylaws by-laws or any franchise, mortgage, deed of trust, lease, license, agreement, understanding, law, rule or regulation or any order, judgment or decree to which the Seller is a party or by which the Seller any of them may be bound or affected. Seller has the full power and authority to enter into this Agreement and to carry out the transactions contemplated hereby, all proceedings required to be taken by Seller them or their stockholders to authorize the execution, delivery and performance of this Agreement and the agreements relating hereto has have been properly taken and this Agreement constitutes a valid and binding obligation of Seller.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Colonial Commercial Corp)

Execution, Delivery and Performance of Agreement; Authority. Neither the execution, delivery nor performance of this Agreement by Seller or any Shareholder will, with or without the giving of notice or the passage of time, or both, conflict with, result in a default, right to accelerate or loss of rights under, or result in the creation of any lien, charge or encumbrance pursuant to, any provision of Seller's certificate of incorporation or other certificate of authority to do business or bylaws by-laws or any franchise, mortgage, deed of trust, lease, license, agreement, understanding, law, rule or regulation or any order, judgment or decree to which the Seller or any Shareholder is a party or by which the Seller any of them may be bound or affected. Seller has and each Shareholder have the full power and authority to enter into this Agreement and to carry out the transactions contemplated hereby, all proceedings required to be taken by Seller them or their stockholders to authorize the execution, delivery and performance of this Agreement and the agreements relating hereto has have been properly taken and this Agreement constitutes a valid and binding obligation of SellerSeller and each Shareholder.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Colonial Commercial Corp)

Execution, Delivery and Performance of Agreement; Authority. Neither the execution, delivery nor performance of this Agreement by Seller or Shareholder will, with or without the giving of notice or the passage of time, or both, conflict with, result in a default, right to accelerate or loss of rights under, or result in the creation of any lien, charge or encumbrance pursuant to, any provision of Seller's certificate of incorporation or other certificate of authority to do business or bylaws or any franchise, mortgage, deed of trust, lease, license, agreement, understanding, law, rule or regulation or any order, judgment or decree to which the Seller or Shareholder is a party or by which the Seller any of them may be bound or affected. Seller has and Shareholder have the full power and authority to enter into this Agreement and to carry out the transactions contemplated hereby, all proceedings required to be taken by Seller each of them to authorize the execution, delivery and performance of this Agreement and the agreements relating hereto has have been properly taken and this Agreement and each document to be executed in connection herewith constitutes a valid and binding obligation of Sellerenforceable in accordance with its terms against Seller and Shareholder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Xfone Inc)

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Execution, Delivery and Performance of Agreement; Authority. Neither the execution, delivery nor performance of this Agreement by Seller or any Shareholder will, with or without the giving of notice or the passage of time, or both, conflict with, result in a default, right to accelerate or loss of rights under, or result in the creation of any lien, charge or encumbrance pursuant to, any provision of Seller's certificate articles of incorporation or other certificate of authority to do business or bylaws by laws or any franchise, mortgage, deed of trust, lease, license, agreement, understanding, law, rule or regulation or any order, judgment or decree to which the Seller or any Shareholder is a party or by which the Seller any of them may be bound or affected. Seller has and each Shareholder have the full power and authority to enter into this Agreement and to carry out the transactions contemplated hereby, all proceedings required to be taken by Seller them or its shareholders to authorize the execution, delivery and performance of this Agreement and the agreements relating hereto has have been properly taken and this Agreement constitutes a valid and binding obligation of SellerSeller and each Shareholder.

Appears in 1 contract

Samples: Agreement of Purchase and Sale of Assets (Ambi Inc)

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