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

Power and Authority; Binding Nature of Agreement. (a) The Seller represents and warrants that he has full power and authority to enter into this Agreement and to perform its obligations hereunder, and that the execution, delivery and performance of this Agreement by him has been duly authorized by all necessary action on its part. (b) The Seller represents and warrants that, 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 the Seller.

Appears in 7 contracts

Samples: Stock Purchase Agreement (Incomnet Inc), Stock Purchase Agreement (Incomnet Inc), Stock Purchase Agreement (Incomnet Inc)

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Power and Authority; Binding Nature of Agreement. (a) The Seller represents and warrants that he has full power and authority to enter into this Agreement and to perform its obligations hereunder, and that the . The execution, delivery delivery, and performance of this Agreement by him has it have been duly authorized by all necessary action on its part. (b) The Seller represents and warrants that, assuming . 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 the Seller.

Appears in 4 contracts

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

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