Power and Authority to Act Sample Clauses
The "Power and Authority to Act" clause establishes that each party entering into the agreement has the legal capacity and authorization to do so. In practice, this means that individuals signing on behalf of a company or organization confirm they have the necessary approvals and are not acting beyond their legal powers. This clause helps prevent disputes by ensuring that all parties are properly empowered to bind their respective entities, thereby reducing the risk of unenforceable agreements due to lack of authority.
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Power and Authority to Act as the General Partner. The General Partner has the requisite limited liability company power and authority to act as the general partner of the Partnership in all material respects as described in the Registration Statement, the Time of Sale Information and the Prospectus.
Power and Authority to Act. OMP represents and warrants that OMP is legal and beneficial owner of all right and interest in and to (or has sufficient licenses to) Know-How and OMP Trademarks and Joint Trademarks and has full power and authority to grant licenses and perform its obligations under this Agreement.
Power and Authority to Act. Oxford GP has full power and authority to act as the general partner of the Partnership.
Power and Authority to Act as Sole Member of the General Partner. Holdings has all requisite power and authority to act as the sole member of the General Partner in all material respects as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus.
Power and Authority to Act. Company has full power and authority to act as the general partner of ATAX and has the requisite power and has taken all limited partnership actions necessary to enter into and to carry out its obligations pursuant to each of the Transaction Documents to which it is a party, and no other proceedings on the part of Company are necessary to authorize the foregoing. The Transaction Documents to which Company is a party have been duly executed and delivered by Company and constitute Company’s valid and binding obligation, enforceable against Company in accordance with their terms (except as its enforceability may be limited by the Remedies Exception).
Power and Authority to Act. Intermediary has the requisite power and authority pursuant to its organizational documents to execute, deliver and perform this Agreement, to acquire rights under the assignment(s) herein, and to otherwise perform its obligations under this Agreement including to effect the Exchanges on behalf of Exchanger. The execution, delivery, and performance of this Agreement and the consummation of the Exchanges have been duly authorized by all necessary action on the part of Intermediary. This Agreement is a valid and binding obligation of Intermediary, enforceable in accordance with its terms.
Power and Authority to Act