Common use of Power and Authorization; Enforceability Clause in Contracts

Power and Authorization; Enforceability. (a) Buyer has all requisite right, power and authority to execute and deliver this Agreement and the other Buyer Transaction Documents, to perform its obligations under this Agreement and under the other Buyer Transaction Documents and to carry out the Transaction. All necessary corporate action has been taken by Buyer to authorize the execution, delivery and performance by Buyer of this Agreement and each other Buyer Transaction Document. Buyer has duly executed and delivered this Agreement and, at or prior to the Closing, will have duly executed and delivered each other Buyer Transaction Document.

Appears in 3 contracts

Samples: Asset Purchase Agreement (William Lyon Homes), Asset Purchase Agreement (William Lyon Homes), Asset Purchase Agreement (William Lyon Homes)

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Power and Authorization; Enforceability. (a) 4.2.1 Buyer has all requisite right, power and authority to execute and deliver this Agreement and the other Buyer Transaction Documents, to perform its obligations under this Agreement and under the other Buyer Transaction Documents and to carry out the Transaction. All necessary corporate action has been taken by Buyer to authorize the execution, delivery and performance by Buyer of this Agreement and each other Buyer Transaction Document. Buyer has duly executed and delivered this Agreement and, at or prior to the Closing, will have duly executed and delivered each other Buyer Transaction Document.

Appears in 1 contract

Samples: Purchase and Sale Agreement (William Lyon Homes)

Power and Authorization; Enforceability. (a) Buyer has all requisite right, power and authority to execute and deliver this Agreement and the other Transaction Documents to which it is, or is specified to be, a party (collectively, the β€œBuyer Transaction Documents”), to perform its obligations under this Agreement hereunder and under the other Buyer Transaction Documents thereunder and to carry out the Transactiontransactions contemplated hereby and thereby. All necessary corporate and shareholder or stockholder action has been taken by Buyer to authorize the execution, delivery and performance by Buyer it of this Agreement and each other Buyer Transaction Document. Buyer has duly executed and delivered this Agreement and, at or prior to the Closing, will have duly executed and delivered each other Buyer Transaction Document.Transaction

Appears in 1 contract

Samples: Interest Purchase Agreement (NewStar Financial, Inc.)

Power and Authorization; Enforceability. (a) 4.2.1 Buyer has all requisite right, power power, authority and authority capacity to execute and deliver this Agreement and the other Buyer Transaction Documents, to perform its obligations under this Agreement hereunder and under the other Buyer Transaction Documents thereunder and to carry out consummate the TransactionTransactions. All necessary corporate action has been taken by Buyer to authorize the execution, delivery and performance by Buyer of this Agreement and each other Buyer Transaction Document. Buyer has duly executed and delivered this Agreement and, at or prior to the Closing, will have duly executed and delivered each other Buyer Transaction Document.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Clarus Corp)

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Power and Authorization; Enforceability. (a) Buyer has all requisite right, power power, authority and authority capacity to execute and deliver this Agreement and the other Buyer Transaction Documents, to perform its obligations under this Agreement hereunder and under the other Buyer Transaction Documents thereunder and to carry out consummate the Transaction. All necessary corporate limited liability company action has been taken by Buyer Bxxxx to authorize the execution, delivery and performance by Buyer Bxxxx of this Agreement and each other Buyer Transaction Document. Buyer Bxxxx has duly executed and delivered this Agreement and, at or prior to the Closing, will have duly executed and delivered each other Buyer Transaction Document.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Clarus Corp)

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