Common use of Legal Capacity and Power Clause in Contracts

Legal Capacity and Power. The Seller has the requisite legal capacity, power and authority to enter into and perform under, this Agreement and each of the Seller Transaction Documents. This Agreement and each of the Seller Transaction Documents is a valid and binding obligation of the Seller, enforceable against the Seller in accordance with the terms thereof except as may be limited by applicable federal or state bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Janus Resources, Inc.), Asset Purchase Agreement (Janus Resources, Inc.), Asset Purchase Agreement (Janus Resources, Inc.)

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Legal Capacity and Power. The Seller has the requisite legal capacity, power and authority to enter into and perform under, this Agreement and each of the Seller Transaction DocumentsAncillary Agreement. This Agreement and each of the Seller Transaction Documents Ancillary Agreement is a valid and binding obligation of the Seller, enforceable against the Seller in accordance with the terms thereof except as may be limited by applicable federal or state bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally.

Appears in 1 contract

Samples: Stock and Membership Interest Purchase Agreement (American Rebel Holdings Inc)

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