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

Power and Authority; Binding Nature of Agreement. CLMI 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 CLMI has 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 parties hereto, this Agreement is a valid and binding obligation of CLMI.

Appears in 12 contracts

Samples: Plan of Reorganization and Exchange Agreement (Zeros & Ones Inc), Reorganization and Exchange Agreement (Zeros & Ones Inc), Reorganization and Exchange Agreement (Commercial Labor Management Inc)

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Power and Authority; Binding Nature of Agreement. CLMI 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 CLMI has 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 parties hereto, this Agreement is a valid and binding obligation of CLMI.its

Appears in 1 contract

Samples: Reorganization and Exchange Agreement (Zeros & Ones Inc)

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