Common use of Existence; Authority Clause in Contracts

Existence; Authority. (a) Seller is a corporation duly organized and validly existing under the Laws of the state of Oregon. Seller has full corporate power and authority, as applicable, to enter into this Agreement and to carry out its respective terms. Seller has taken all corporate action necessary to authorize the execution, delivery, and performance of this Agreement. This Agreement has been duly and validly executed and delivered by Seller. This Agreement is binding upon and enforceable against Seller in accordance with its terms, except as enforceability may be limited or affected by (i) applicable bankruptcy, insolvency, reorganization, moratorium, or other Laws of general application relating to or affecting creditors’ rights and remedies generally and (ii) rules of Law governing specific performance, injunctive relief, or other equitable remedies.