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

Power and Authority; Execution and Delivery. Such Stockholder has all requisite power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. In the case of each Stockholder that is not a natural person, the execution and delivery of this Agreement by such Stockholder and the consummation by such Stockholder of the transactions contemplated hereby have been duly authorized by all necessary action, if any, on the part of such Stockholder. This Agreement has been duly executed and delivered by such Stockholder and, assuming that this Agreement constitutes the valid and binding obligation of the other parties hereto, constitutes a valid and binding obligation of such Stockholder, enforceable against such Stockholder in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally and to general principles of equity.

Appears in 3 contracts

Samples: Stockholder Agreement (Louisiana Pacific Corp), Stockholders Agreement (Premisys Communications Inc), Stockholder Agreement (Abt Building Products Corp)

AutoNDA by SimpleDocs

Power and Authority; Execution and Delivery. Such ------------------------------------------- Stockholder has all requisite power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. In the case of each Stockholder that is not a natural person, the execution and delivery of this Agreement by such Stockholder and the consummation by such Stockholder of the transactions contemplated hereby have been duly authorized by all necessary action, if any, on the part of such Stockholder. This Agreement has been duly executed and delivered by such Stockholder and, assuming that this Agreement constitutes the valid and binding obligation of the other parties hereto, constitutes a valid and binding obligation of such Stockholder, enforceable against such Stockholder in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally and to general principles of equity.

Appears in 3 contracts

Samples: Stockholder Agreement (Cayenne Software Inc), Stockholder Agreement (Sterling Software Inc), Stockholder Agreement (Cayenne Software Inc)

AutoNDA by SimpleDocs

Power and Authority; Execution and Delivery. Such Stockholder Shareholder has all requisite power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. In the case of each Stockholder Shareholder that is not a natural person, the execution and delivery of this Agreement by such Stockholder Shareholder and the consummation by such Stockholder Shareholder of the transactions contemplated hereby have been duly authorized by all necessary action, if any, on the part of such StockholderShareholder. This Agreement has been duly executed and delivered by such Stockholder Shareholder and, assuming that this Agreement constitutes the valid and binding obligation of the other parties hereto, constitutes a valid and binding obligation of such StockholderShareholder, enforceable against such Stockholder Shareholder in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally and to general principles of equity.

Appears in 1 contract

Samples: Shareholder Agreement (Technisource Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!