Existence and Capacity. 1.1. The Seller has sufficient legal capacity to execute this Agreement and to perform the obligations deriving therefrom. The Seller’s representative is acting in accordance with powers of attorney which grant sufficient power and authority to enter into this Agreement. 1.2. This Agreement, when executed, will create valid and binding obligations on the Seller, fully enforceable against the Seller in accordance with its own terms and conditions. 1.3. The Seller has obtained all approvals, permits and authorizations necessary to enter into this Agreement and to perform the obligations deriving therefrom. 1.4. The Seller (a) has not been declared insolvent or bankrupt and no action or request is pending to declare it insolvent or bankrupt, (b) has not filed for insolvency or bankruptcy, and (c) is not insolvent, bankrupt, unable to pay its debts when an as they fall due or in the process of dissolution, liquidation, compulsory administration, recovery or suspension of payments. 1.5. The Seller has sufficient legal capacity to execute and perform the obligations deriving from this Agreement.
Appears in 4 contracts
Samples: Shares Sale and Purchase Agreement (Mountain & Co. I Acquisition Corp.), Shares Sale and Purchase Agreement (Mountain & Co. I Acquisition Corp.), Shares Sale and Purchase Agreement (Mountain & Co. I Acquisition Corp.)
