Common use of Power and Authority; Execution and Delivery; Due Authorization Clause in Contracts

Power and Authority; Execution and Delivery; Due Authorization. The Buyer has full corporate power and authority to execute and deliver this Agreement and each Ancillary Agreement to which it is or is proposed to be a party and to perform its obligations hereunder and thereunder. This Agreement has been and each Ancillary Agreement to which the Buyer is or is proposed to be a party has been (or, when executed and delivered, will have been) duly executed and delivered by the Buyer and, assuming the due and valid authorization, execution, and delivery by each other party hereto or thereto, this Agreement constitutes and each Ancillary Agreement to which the Buyer is or is proposed to be a party constitutes (or, when executed and delivered, will constitute) a legal, valid, and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms and conditions, except in each case as may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally or by general principles of equity. The execution, delivery, and performance of this Agreement and each Ancillary Agreement to which the Buyer is or is proposed to be a party have been (or, when executed and delivered, will have been) duly authorized by all requisite corporate action on the part of the Buyer.

Appears in 2 contracts

Samples: Credit and Security Agreement (STRATA Skin Sciences, Inc.), Asset Purchase Agreement (STRATA Skin Sciences, Inc.)

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Power and Authority; Execution and Delivery; Due Authorization. The Buyer Seller has full corporate power and authority (including full corporate or limited liability company power and authority) to execute and deliver this Agreement and each Ancillary Agreement to which it the Seller is or is proposed to be a party and to perform its obligations hereunder and thereunder. This Agreement has been and each Ancillary Agreement to which the Buyer Seller is or is proposed to be a party has been (or, when executed and delivered, will have been) duly executed and delivered by the Buyer Seller and, assuming the due and valid authorization, execution, and delivery by each other party hereto or thereto, this Agreement constitutes and each Ancillary Agreement to which the Buyer Seller is or is proposed to be a party constitutes (or, when executed and delivered, will constitute) a legal, valid, and binding obligation of the BuyerSeller, enforceable against the Buyer Seller in accordance with its terms and conditions, except in each case as may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally or by general principles of equity. The execution, delivery, and performance of this Agreement and each Ancillary Agreement to which the Buyer Seller is or is proposed to be a party have been (or, when executed and delivered, will have been) duly authorized by all requisite corporate or limited liability company action on the part of the BuyerSeller.

Appears in 2 contracts

Samples: Credit and Security Agreement (STRATA Skin Sciences, Inc.), Asset Purchase Agreement (STRATA Skin Sciences, Inc.)

Power and Authority; Execution and Delivery; Due Authorization. The Each of the Buyer and the Parent has full corporate power and authority (including full corporate or other entity power and authority) to execute and deliver this Agreement and each Ancillary Agreement to which it is or is proposed to be a party and to perform its obligations hereunder and thereunder. This Agreement has been and each Ancillary Agreement to which the Buyer and/or the Parent is or is proposed to be a party has been (or, when executed and delivered, will have been) duly executed and delivered by the Buyer and/or the Parent (as applicable) and, assuming the due and valid authorization, execution, execution and delivery by each other party hereto or thereto, this Agreement constitutes and each Ancillary Agreement to which the Buyer and/or the Parent is or is proposed to be a party constitutes (or, when executed and delivered, will constitute) a legal, valid, and binding obligation of the BuyerBuyer and/or the Parent (as applicable), enforceable against the Buyer and/or the Parent (as applicable) in accordance with its terms and conditions, except in each case as such enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally or by general principles of equitythe Enforceability Exceptions. The execution, delivery, and performance of this Agreement and each Ancillary Agreement to which the Buyer and/or the Parent is or is proposed to be a party have been (or, when executed and delivered, will have been) duly authorized by all requisite corporate action on the part of the BuyerBuyer and the Parent.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (XL Fleet Corp.)

Power and Authority; Execution and Delivery; Due Authorization. The Buyer Such Seller, if an entity, has full corporate power and authority (including full corporate or other entity power and authority), and if an individual, has full legal capacity, in either case to execute and deliver this Agreement and each Ancillary Agreement to which it such Seller is or is proposed to be a party and to perform its obligations hereunder and thereunder. This Agreement has been and each Ancillary Agreement to which the Buyer such Seller is or is proposed to be a party has been (or, when executed and delivered, will have been) duly executed and delivered by the Buyer such Seller and, assuming the due and valid authorization, execution, execution and delivery by each other party hereto or thereto, this Agreement constitutes and each Ancillary Agreement to which the Buyer such Seller is or is proposed to be a party constitutes (or, when executed and delivered, will constitute) a legal, valid, and binding obligation of the Buyersuch Seller, enforceable against the Buyer such Seller in accordance with its terms and conditions, except in each case as such enforceability may be limited by applicable bankruptcy, insolvency insolvency, reorganization, moratorium or similar laws Laws affecting creditors’ rights generally or and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity) (the foregoing, the “Enforceability Exceptions”). The If such Seller is an entity, the execution, delivery, and performance of this Agreement and each Ancillary Agreement to which the Buyer such Seller is or is proposed to be a party have been (or, when executed and delivered, will have been) duly authorized by all requisite corporate or other entity action on the part of the Buyersuch Seller.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (XL Fleet Corp.)

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Power and Authority; Execution and Delivery; Due Authorization. The Buyer has full power and authority (including full corporate power and authority authority) to execute and deliver this Agreement and each Ancillary Agreement to which it is or is proposed to be a party and to perform its obligations hereunder and thereunder. This Agreement has been and each Ancillary Agreement to which the Buyer is or is proposed to be a party has been (or, when executed and delivered, will have been) duly executed and delivered by the Buyer and, assuming the due and valid authorization, execution, and delivery by each other party hereto or thereto, this Agreement constitutes and each Ancillary Agreement to which the Buyer is or is proposed to be a party constitutes (or, when executed and delivered, will constitute) a legal, valid, and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms and conditions, except in each case as may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally or by general principles of equity. The execution, delivery, and performance of this Agreement and each Ancillary Agreement to which the Buyer is or is proposed to be a party have been (or, when executed and delivered, will have been) duly authorized by all requisite corporate action on the part of the Buyer.

Appears in 1 contract

Samples: Stock Purchase Agreement (Travelzoo)

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