Common use of Power, Authorization and Validity Clause in Contracts

Power, Authorization and Validity. 2.2.1 Target has the right, power, legal capacity and authority to enter into and perform its obligations under this Agreement, and all agreements to which Target is or will be a party that are required to be executed pursuant to this Agreement (the "Target Ancillary Agreements"). The execution, delivery and performance of this Agreement and the Target Ancillary Agreements have been duly and validly approved and authorized by Target's Board of Directors.

Appears in 2 contracts

Samples: 01 Agreement and Plan of Reorganization (Oni Systems Corp), Agreement and Plan of Reorganization (Integrated Device Technology Inc)

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Power, Authorization and Validity. 2.2.1 Target has the right, power, legal capacity and authority to enter into and perform its obligations under this Agreement, and all agreements to which Target is or will be a party that are required to be executed pursuant to this Agreement and attached as exhibits to this Agreement (the "Target Ancillary AgreementsTARGET ANCILLARY AGREEMENTS"). The execution, delivery and performance of this Agreement and the Target Ancillary Agreements have been duly and validly approved and authorized by Target's Board of Directors.

Appears in 1 contract

Samples: Escrow Agreement (Silicon Image Inc)

Power, Authorization and Validity. 2.2.1 Target has the right, power, legal capacity and authority to enter into and perform its obligations under this Agreement, and all agreements to which Target is or will be a party that are required to be executed pursuant to this Agreement (the "Target Ancillary AgreementsTARGET ANCILLARY AGREEMENTS"). The execution, delivery and performance of this Agreement and the Target Ancillary Agreements have been duly and validly approved and authorized by Target's Board of Directors.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Adforce Inc)

Power, Authorization and Validity. 2.2.1 Target has the right, power, legal capacity and authority to enter into and and, subject to Target Shareholder approval, perform its obligations under this Agreement, Agreement and all agreements to which Target is or will be a party that are required to be executed pursuant to this Agreement (the "Target Ancillary AgreementsTARGET ANCILLARY AGREEMENTS"). The execution, delivery and performance of this Agreement and the Target Ancillary Agreements have been duly and validly approved and authorized by Target's Board of Directors.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Integrated Systems Inc)

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Power, Authorization and Validity. 2.2.1 (a) Target has the requisite corporate right, power, legal capacity and authority to enter into and perform its obligations under this Agreement, Agreement and all agreements to which Target is or will be a party that are required to be executed pursuant to as contemplated by this Agreement (the "Target Ancillary Agreements"). The execution, delivery and performance of this Agreement and the Target Ancillary Agreements by Target have been duly and validly approved and authorized by Target's Board board of Directorsdirectors and the Target Shareholders, as required by applicable Law.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Axtive Corp)

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