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The execution, delivery and performance of the Glenayre Electronics Agreements by Glenayre Electronics have been duly and validly authorized by all necessary corporate action on the part of Glenayre Electronics. As of the Closing Glenayre Electronics will have executed the Glenayre Electronics Agreements and assuming the due authorization, execution and delivery of the Glenayre Electronics Agreements (as applicable) by Purchaser, each of the Glenayre Electronics Agreements when executed will constitute a legal, valid and binding obligation of Glenayre Electronics enforceable against it in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency and other similar Laws affecting creditors' rights generally and by such principles of equity as may affect the availability of equitable remedies.", "size": 2, "snippet_links": [{"key": "authority-to-execute-and-deliver", "type": "clause", "offset": [50, 82]}, {"key": "the-license-agreement", "type": "clause", "offset": [83, 104]}, {"key": "the-assignment", "type": "clause", "offset": [109, 123]}, {"key": "the-execution", "type": "clause", "offset": [207, 220]}, {"key": "delivery-and-performance", "type": "clause", "offset": [222, 246]}, {"key": "authorized-by", "type": "definition", "offset": [337, 350]}, {"key": "necessary-corporate-action", "type": "clause", "offset": [355, 381]}, {"key": "the-closing", "type": "definition", "offset": [425, 436]}, {"key": "due-authorization", "type": "clause", "offset": [530, 547]}, {"key": "delivery-of-the", "type": "clause", "offset": [563, 578]}, {"key": "by-purchaser", "type": "clause", "offset": [627, 639]}, {"key": "valid-and-binding-obligation", "type": "clause", "offset": [724, 752]}, {"key": "in-accordance-with", "type": "definition", "offset": [800, 818]}, {"key": "similar-laws", "type": "definition", "offset": [922, 934]}, {"key": "rights-generally", "type": "clause", "offset": [956, 972]}, {"key": "availability-of-equitable-remedies", "type": "clause", "offset": [1024, 1058]}], "hash": "fe351b177260ce3b3815e08948d240ba", "id": 5}, {"samples": [{"hash": "fC4QYExda5K", "uri": "/contracts/fC4QYExda5K#glenayre", "label": "Acquisition Agreement (Western Multiplex Corp)", "score": 18.0, "published": true}, {"hash": "9f596QxyG2C", "uri": "/contracts/9f596QxyG2C#glenayre", "label": "Acquisition Agreement (Glenayre Technologies Inc)", "score": 18.0, "published": true}], "snippet": "shall cause WMC to withdraw as a participating \"Employer\" under (and as defined in) the Glenayre Technologies, Inc. 401(k) Profit Sharing Plan (the \"Glenayre 401(k) Plan\"), effective as of the Closing Date, and from and after the Closing Date, WMC shall have no right, power, discretion, control or authority over, or any rights or interests in or to, the Glenayre 401(k) Plan or any of its assets, trusts or other funding media. 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