Common use of Organization and Authority of Seller; Enforceability Clause in Contracts

Organization and Authority of Seller; Enforceability. Seller is a corporation duly organized, validly existing and in good standing under the laws of The Commonwealth of Massachusetts. Seller has full corporate power and authority to enter into this Agreement and the documents required hereunder to be executed and delivered by Seller (this Agreement collectively with such other documents, the “Seller Documents”), to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance by Seller of the Seller Documents and the consummation of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action on the part of Seller. The Seller Documents have been duly executed and delivered by Seller, and (assuming due authorization, execution and delivery by Buyer) the Seller Documents constitute legal, valid and binding obligations of Seller, enforceable against Seller in accordance with their respective terms.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Trulieve Cannabis Corp.), Asset Purchase Agreement (Trulieve Cannabis Corp.)

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Organization and Authority of Seller; Enforceability. Seller is a corporation duly organized, validly existing and in good standing under the laws of The Commonwealth the state of MassachusettsCalifornia. Seller has full corporate power and authority to enter into this Agreement and the documents required hereunder to be executed and delivered by Seller hereunder (this Agreement collectively with such other documents, the “Seller Transaction Documents”), to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and therebyby the Transaction Documents. The execution, delivery and performance by Seller of this Agreement and the Seller Transaction Documents and the consummation of the transactions contemplated hereby and thereby by the Transaction Documents have been duly authorized by all requisite corporate action on the part of Seller. The Seller This Agreement and the Transaction Documents have been duly executed and delivered by Seller, and (assuming due authorization, execution and delivery by Buyer) this Agreement and the Seller Transaction Documents constitute legal, valid and binding agreements and obligations of Seller, enforceable against Seller in accordance with their respective terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (AgeX Therapeutics, Inc.)

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Organization and Authority of Seller; Enforceability. Seller is a corporation duly organized, validly existing and in good standing under the laws of The Commonwealth the State of MassachusettsOhio. Seller has and Stockholder have full corporate or individual, as the case may be, power and authority to enter into this Agreement and the documents required hereunder to be executed and delivered by Seller (this Agreement collectively with such other documents, the “Seller Documents”)hereunder, to carry out its or his, as the case may be, obligations hereunder and thereunder and to consummate the transactions contemplated hereby and therebyhereby. The execution, delivery and performance by Seller of this Agreement and the Seller Documents documents to be delivered hereunder and the consummation of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action on the part of Seller. The Seller Documents This Agreement and the documents to be delivered hereunder have been duly executed and delivered by SellerSeller and Stockholder, and (assuming due authorization, execution and delivery by Buyer) this Agreement and the Seller Documents documents to be delivered hereunder constitute legal, valid and binding obligations of SellerSeller and Stockholder, enforceable against Seller and Stockholder in accordance with their respective terms.

Appears in 1 contract

Samples: Asset Purchase Agreement (Unique Fabricating, Inc.)

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