Common use of Legal Authority Clause in Contracts

Legal Authority. Each party represents and warrants that the execution and delivery of this Agreement and the consummation of the transactions contemplated herein have been duly authorized by all necessary corporate, partnership or trust action, as applicable, by such party, and, when so executed and delivered, this Agreement will be the valid and binding obligation of such party enforceable in accordance with its terms.

Appears in 93 contracts

Samples: Participation Agreement (Horace Mann Life Insurance Co Separate Account), Participation Agreement (SBL Variable Annuity Account Xiv), Participation Agreement (Massachusetts Mutual Variable Life Separate Account I)

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Legal Authority. Each party represents and to this Agreement warrants that it possesses the execution and delivery of legal authority to enter into this Agreement and the consummation of the transactions contemplated herein have been duly authorized that it has taken all actions required by all necessary corporateits regulations, partnership or trust actionprocedures, as applicablebylaws, by such partyand/or applicable law to exercise that authority, and, when so executed and delivered, to lawfully authorize its undersigned signatory to execute this Agreement will be the valid and binding obligation of such party enforceable in accordance with to bind it to its terms. The person(s) executing this Agreement on behalf of a party warrant(s) that such person(s) have full authorization to execute this Agreement.

Appears in 20 contracts

Samples: Printing and Publishing Services Agreement, Printing and Publishing Services Agreement, Catering Services Agreement

Legal Authority. Each party represents and warrants that the execution and delivery of this Agreement and the consummation of the transactions contemplated herein have been duly authorized by all necessary corporate, partnership or trust action, as applicable, by such party, and, when so executed and delivered, this Agreement will be the valid and binding obligation of such party enforceable in accordance with its terms.

Appears in 15 contracts

Samples: Participation Agreement (Horace Mann Life Insurance Co Separate Account), Fund Participation and Service Agreement (Horace Mann Life Insurance Co Separate Account), Participation Agreement (Principal Life Insurance Co Variable Life Sep Account)

Legal Authority. Each party represents and warrants that the execution and delivery of this Agreement and the consummation of the transactions contemplated herein have been duly authorized by all necessary corporate, partnership or trust action, as applicable, by such party, and, when so executed and delivered, this Agreement will be the valid and binding obligation of such party enforceable in accordance with its termsterms and will not violate its charter documents or by-laws, rules or regulations, or any agreement to which it is a party.

Appears in 3 contracts

Samples: Participation Agreement (Ids Life Variable Account 10), Participation Agreement (Ids Life Variable Account 10), Participation Agreement (American Express Platinum Variable Annuity Sm)

Legal Authority. Each party represents and warrants that the execution and delivery of this Agreement and the consummation of the transactions contemplated herein have been duly authorized by all necessary corporate, partnership or trust action, as applicable, by such party, and, . when so executed and delivered, this Agreement will be the valid and binding obligation of such party enforceable in accordance with its terms.

Appears in 3 contracts

Samples: Participation Agreement (Variable Annuity-2 Series Account), Participation Agreement (Variable Annuity-2 Series Account), Participation Agreement (Variable Annuity-2 Series Account)

Legal Authority. Each party represents and warrants that the execution and delivery of this Agreement and the consummation of the transactions contemplated herein have been duly authorized by all necessary corporate, partnership or trust action, as applicable, by 10 such party, and, when so executed and delivered, this Agreement will be the valid and binding obligation of such party enforceable in accordance with its terms.

Appears in 3 contracts

Samples: Participation Agreement (Lincoln Life Flexible Premium Variable Life Account M), Participation Agreement (Lincoln Life & Annuity Flexible Premium Variable Life Account M), Participation Agreement (Lincoln Life Variable Annuity Account N)

Legal Authority. Each party represents and warrants that the execution and delivery of this Agreement and the consummation of the transactions contemplated herein have been duly authorized by all necessary corporate, partnership or trust action, as applicable, by such party, and, when so executed and delivered, this Agreement will be the valid and binding obligation of such party enforceable in accordance with its termsterms subject to equitable principles available under applicable law.

Appears in 2 contracts

Samples: Participation Agreement (Variable Account D of Union Security Insurance Co), Participation Agreement (Hartford Life Insurance Co Separate Account Seven)

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Legal Authority. Each party represents and warrants that the execution and delivery of this Agreement and the consummation of the transactions contemplated herein have been duly authorized by all necessary corporate, partnership or trust action, as applicable, by such party, and, party and when so executed and delivered, this Agreement will be the valid and binding obligation of such party enforceable in accordance with its terms.

Appears in 2 contracts

Samples: Participation Agreement (Nationwide Vli Separate Account 4), Participation Agreement (Nationwide Vli Separate Account 4)

Legal Authority. Each party represents and warrants that the execution and delivery of this Agreement and the consummation of the transactions contemplated herein have been duly authorized by all necessary corporate, partnership or trust action, as applicable, applicable by such party, and, when so executed and delivered, this Agreement will be the valid and binding obligation of such party enforceable in accordance with its terms.

Appears in 1 contract

Samples: Participation Agreement (Goldman Sachs Variable Insurance Trust)

Legal Authority. Each party Party represents and warrants that the execution and delivery performance of this Agreement and the consummation of the transactions contemplated herein by this Agreement have been duly authorized by all necessary corporate, partnership or trust action, as applicable, by such party, and, when so executed and delivered, this Agreement will be the valid and binding obligation requisite corporate action of such Party and do not conflict with any other agreement or obligation to which such Party is a party enforceable in accordance with its termsor by which it is bound.

Appears in 1 contract

Samples: Terms and Conditions

Legal Authority. Each party represents represent s and warrants that the execution and delivery of this Agreement and the consummation of the transactions contemplated herein have been duly authorized by all necessary corporate, partnership or trust action, as applicable, by such party, and, when so executed and delivered, this Agreement will be the valid and binding obligation of such party enforceable in accordance with its terms.

Appears in 1 contract

Samples: Retail Fund Participation Agreement (Talcott Resolution Life Insurance Co- Separate Account Twelve)

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