Common use of Power and Authority; Binding Nature of Agreement Clause in Contracts

Power and Authority; Binding Nature of Agreement. Buyer has full power and authority to enter into this Agreement and to perform its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer have been duly authorized by all necessary action on its part. Assuming that this Agreement is a valid and binding obligation of the other party hereto, this Agreement is a valid and binding obligation of Buyer.

Appears in 23 contracts

Samples: Merger Agreement (Transnational Group, Inc.), Stock Purchase Agreement (Global Tech Industries Group, Inc.), Asset Purchase Agreement (Digital Locations, Inc.)

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Power and Authority; Binding Nature of Agreement. Buyer has full power and authority to enter into this Agreement and to perform its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer have been duly authorized by all necessary action on its part. Assuming that this Agreement is a valid and binding obligation of the other party heretoSeller, this Agreement is a valid and binding obligation of Buyer.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Streamtrack, Inc.), Asset Purchase Agreement (Streamtrack, Inc.), Asset Purchase Agreement (Bonanza Goldfield Corp.)

Power and Authority; Binding Nature of Agreement. Buyer has Sellers have full power and authority to enter into this Agreement and to perform its their obligations hereunder. The execution, delivery and performance of this Agreement by Buyer them have been duly authorized by all necessary action on its their part. Assuming that this This Agreement is a valid and binding obligation of the other party hereto, this Agreement is a valid and binding obligation of BuyerSellers.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Ante5, Inc.), Asset Purchase Agreement (Ante5, Inc.), Asset Purchase Agreement (Ante5, Inc.)

Power and Authority; Binding Nature of Agreement. Buyer has full power and authority to enter into this Agreement and to perform its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer have been duly authorized by all necessary action on its part. Assuming that this Agreement is a valid and binding obligation of the other party hereto, this This Agreement is a valid and binding obligation of Buyer.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Ante5, Inc.), Asset Purchase Agreement (Ante5, Inc.), Asset Purchase Agreement (Ante5, Inc.)

Power and Authority; Binding Nature of Agreement. Buyer Seller has full power and authority to enter into this Agreement and to perform its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer it have been duly authorized by all necessary action on its part. Assuming that this Agreement is a valid and binding obligation of each of the other party parties hereto, this Agreement is a valid and binding obligation of BuyerSeller.

Appears in 3 contracts

Samples: Plan of Reorganization and Asset Purchase Agreement (Xsunx Inc), Asset Purchase Agreement (Sun River Mining Inc), Asset Purchase Agreement (Djokovich Thomas)

Power and Authority; Binding Nature of Agreement. Buyer has full power and authority to enter into this Agreement and to perform its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer have been duly authorized by all necessary action on its part. Assuming that this Agreement is a valid and binding obligation of each of the other party parties hereto, this Agreement is a valid and binding obligation of Buyer.

Appears in 3 contracts

Samples: Plan of Reorganization and Asset Purchase Agreement (Xsunx Inc), Asset Purchase Agreement (Djokovich Thomas), Asset Purchase Agreement (Sun River Mining Inc)

Power and Authority; Binding Nature of Agreement. Buyer has full power and authority to enter into this Agreement and to perform its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer have been duly authorized by all necessary action on its part. Assuming that this Agreement is a valid and binding obligation of the other party hereto, this Agreement is a valid and binding obligation of Buyer.obligations

Appears in 2 contracts

Samples: Plan of Reorganization and Stock Purchase Agreement (Environmental Service Professionals, Inc.), Plan of Reorganization and Stock Purchase Agreement (Glas-Aire Industries Group LTD)

Power and Authority; Binding Nature of Agreement. Buyer has full power and authority to enter into this Agreement and to perform its obligations hereunder. The execution, delivery and performance of this Agreement by the Buyer have been duly authorized by all necessary action on its part. Assuming that this Agreement is a valid and binding obligation of the other party hereto, this Agreement is a valid and binding obligation of the Buyer.

Appears in 1 contract

Samples: Purchase Agreement (Quest Solution, Inc.)

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Power and Authority; Binding Nature of Agreement. Buyer has full power and authority to enter into this Agreement and to perform its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer have been duly authorized by all necessary action on its part. Assuming that this Agreement is a valid and binding obligation of the other party hereto, this Agreement is a valid and binding obligation of Buyer.

Appears in 1 contract

Samples: Stock Purchase Agreement (Environmental Service Professionals, Inc.)

Power and Authority; Binding Nature of Agreement. Buyer has full power and authority to enter into this Agreement and to perform its his obligations hereunder. The execution, delivery and performance of this Agreement by Buyer have been duly authorized by all necessary action on its part. In particular, Buyer has full power and authority to cause full compliance by Buyer with the Buyer’s Covenants in this Agreement. Assuming that this Agreement is a valid and binding obligation of each of the other party parties hereto, this Agreement is a valid and binding obligation of Buyer.

Appears in 1 contract

Samples: Stock Purchase Agreement (Competitive Companies Inc)

Power and Authority; Binding Nature of Agreement. Buyer and Parent each has full power and authority to enter into this Agreement and to perform its obligations hereunder. The execution, delivery and performance of this Agreement by Buyer and Parent have been duly authorized by all necessary action on its part. Assuming that this Agreement is a valid and binding obligation of the other party hereto, this Agreement is a valid and binding obligation of BuyerBuyer and Parent.

Appears in 1 contract

Samples: Asset Purchase Agreement (Solar3d, Inc.)

Power and Authority; Binding Nature of Agreement. Buyer has full power and authority to enter into this Agreement and to perform its his obligations hereunder. The execution, delivery and performance of this Agreement by Buyer have been duly authorized by all necessary action on its part. In particular, Buyer has full power and authority to cause full compliance by Buyer with the Buyer’s covenants in this Agreement. Assuming that this Agreement is a valid and binding obligation of each of the other party parties hereto, this Agreement is a valid and binding obligation of Buyer.

Appears in 1 contract

Samples: Stock Purchase Agreement (Lux Digital Pictures, Inc.)

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