Common use of Incorporation and Authorization Clause in Contracts

Incorporation and Authorization. Such Shareholder has all necessary power, authority, capacity and right to enter into this Agreement and to carry out each of its obligations under this Agreement. This Agreement has been duly executed and delivered by such Shareholder and constitutes a legal, valid and binding obligation of such Shareholder enforceable against it in accordance with its terms, subject to bankruptcy and insolvency and other laws affecting the enforcement of creditors’ rights generally and subject to the qualification that equitable remedies may only be granted in the discretion of a court of competent jurisdiction.

Appears in 4 contracts

Samples: Shareholder Support Agreement (AnorMED Inc.), Shareholder Support Agreement (Baker Julian), Shareholder Support Agreement (Millennium Pharmaceuticals Inc)

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Incorporation and Authorization. Such The Shareholder has all necessary power, authority, capacity and right to enter into this Agreement and to carry out each of its obligations under this Agreement. This Agreement has been duly executed and delivered by such the Shareholder and constitutes a legal, valid and binding obligation of such the Shareholder enforceable against it in accordance with its terms, subject to bankruptcy and insolvency and other laws affecting the enforcement of creditors' rights generally and subject to the qualification that equitable remedies may only be granted in the discretion of a court of competent jurisdiction.

Appears in 2 contracts

Samples: Shareholder Support Agreement (Genzyme Corp), Shareholder Support Agreement (Genzyme Corp)

Incorporation and Authorization. Such Shareholder has all necessary power, authority, capacity and right to enter into this Agreement and to carry out each of its obligations under this Agreement. This Agreement has been duly executed and delivered by such Shareholder and constitutes a legal, valid and binding obligation of such Shareholder enforceable against it in accordance with its terms, subject to bankruptcy and insolvency and other laws affecting the enforcement of creditors' rights generally and subject to the qualification that equitable remedies may only be granted in the discretion of a court of competent jurisdiction.

Appears in 2 contracts

Samples: Shareholder Support Agreement (Genzyme Corp), Shareholder Support Agreement (Genzyme Corp)

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Incorporation and Authorization. Such The Shareholder has all necessary power, authority, capacity and right to enter into this Agreement and to carry out each of its obligations under this Agreement. This Agreement has been duly executed and delivered by such the Shareholder and constitutes a legal, valid and binding obligation of such the Shareholder enforceable against it in accordance with its terms, subject to bankruptcy and insolvency and other laws affecting the enforcement of creditors’ rights generally and subject to the qualification that equitable remedies may only be granted in the discretion of a court of competent jurisdiction.

Appears in 2 contracts

Samples: Shareholder Support Agreement (AnorMED Inc.), Shareholder Support Agreement (AnorMED Inc.)

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