Common use of Existence; Authority Clause in Contracts

Existence; Authority. The Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Seller has all requisite competence, power and authority to execute and deliver this Agreement, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby and has taken all necessary action to authorize the execution, delivery and performance of this Agreement.

Appears in 3 contracts

Samples: Stock Purchase Agreement (National Holdings Corp), Standstill Agreement (National Holdings Corp), Stock Purchase Agreement (Fortress Biotech, Inc.)

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Existence; Authority. The Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Seller has all requisite competence, power and authority to execute and deliver this Agreement, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby and has taken all necessary action to authorize the execution, delivery and performance of this Agreement.

Appears in 2 contracts

Samples: Purchase Agreement (Springer Timothy A), Purchase Agreement (Springer Timothy A)

Existence; Authority. The Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Seller has all requisite competence, corporate power and authority to execute and deliver this Agreement, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby and has taken all necessary action to authorize the execution, delivery and performance of this Agreement.

Appears in 2 contracts

Samples: Share Repurchase Agreement (Legg Mason, Inc.), Share Repurchase Agreement (Shanda Asset Management Investment LTD)

Existence; Authority. The Seller Such Seller, as applicable, is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Seller Such Seller, as applicable, has all requisite competence, power and authority to execute and deliver this Agreement, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby and has taken all necessary action to authorize the execution, delivery and performance of this Agreement.

Appears in 2 contracts

Samples: Purchase Agreement (TCV v Lp), Purchase Agreement (TechTarget Inc)

Existence; Authority. The Seller Such Seller, as applicable, is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Seller Such Seller, as applicable, has all requisite competence, power and authority to execute and deliver this Agreement, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby and has taken all necessary action to authorize the execution, delivery and performance of this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (TCV v Lp)

Existence; Authority. The Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Seller , has all requisite competence, power and authority to execute and deliver this Agreement, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby and has taken all necessary action to authorize the execution, delivery and performance of this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (Emerson Radio Corp)

Existence; Authority. The Each Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Seller has Sellers each have all requisite competence, power and authority to execute and deliver this Agreement, to perform its their respective obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby and has have taken all necessary action to authorize the execution, delivery and performance of this Agreement.

Appears in 1 contract

Samples: Stock Repurchase Agreement (El Pollo Loco Holdings, Inc.)

Existence; Authority. The Seller is duly organized, organized and validly existing and in good standing under the laws of the jurisdiction its state of its organization. The formation, and Seller has all requisite competence, power and authority to execute enter into this Agreement and deliver all documents to be executed by Seller at Closing as required by this Agreement, to and incur and perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby and has taken all necessary action to authorize the execution, delivery and performance of this Agreementthereunder.

Appears in 1 contract

Samples: Purchase Agreement (CMI Acquisition, LLC)

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Existence; Authority. The Seller Such Seller, as applicable, is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Seller Such Seller, as applicable, has all requisite competence, power and authority to execute and deliver this AgreementAgreement and the Amendment, to perform its or his obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby and has taken all necessary action to authorize the execution, delivery and performance of this AgreementAgreement and the Amendment.

Appears in 1 contract

Samples: Purchase Agreement (ABT Holdings, Inc.)

Existence; Authority. The Seller Such Seller, as applicable, is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Seller Such Seller, as applicable, has all requisite competence, power and authority to execute and deliver this Agreement, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby and has taken all necessary action to authorize the execution, delivery and performance of this AgreementAgreement .

Appears in 1 contract

Samples: Purchase Agreement (Senate Limited, Trustee)

Existence; Authority. The Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Seller has all requisite competence, power and authority to execute and deliver this Agreement, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby and has taken all necessary action to authorize the execution, delivery and performance of this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Resources Connection, Inc.)

Existence; Authority. The Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. The Seller has all requisite competence, corporate power and authority to execute and deliver this Agreement, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby and has taken all necessary action to authorize the execution, delivery and performance of this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (American Railcar Industries, Inc.)

Existence; Authority. The Seller is duly organized, validly existing and in good standing under the laws of the its jurisdiction of its organization. The Seller has , with all requisite competence, corporate power and authority to execute and deliver this Agreement, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby and has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (P&f Industries Inc)

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