Common use of Power; Authorization; Enforceability Clause in Contracts

Power; Authorization; Enforceability. (a) The Buyer is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized (in the case of good standing, to the extent the concept is recognized by such jurisdiction). (b) The Buyer has all requisite corporate power and authority to execute and deliver this Agreement and to consummate the Share Purchase. The execution and delivery by the Buyer of this Agreement and the consummation by it of the Share Purchase have been duly authorized by all necessary corporate action on the part of the Buyer. Neither the approval of this Agreement nor the consummation of the Share Purchase requires any approval of the shareholders of the Buyer that has not been previously obtained. The Buyer has duly executed and delivered this Agreement and, assuming due authorization, execution and delivery by the other parties, this Agreement constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms (except insofar as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other Laws of general applicability relating to or affecting creditors’ rights, or by principles governing the availability of equitable remedies, whether considered in a proceeding at law or in equity).

Power; Authorization; Enforceability. (a) The Buyer is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized (in the case of good standing, to the extent the concept is recognized by such jurisdiction)organized. (b) The Buyer has all requisite corporate (or similar) power and authority to execute and deliver this Agreement and to consummate the Share Stock Purchase. The execution and delivery by the Buyer of this Agreement and the consummation by it of the Share Stock Purchase have been duly authorized by all necessary corporate action on the part of the Buyer. Neither the approval of this Agreement nor the consummation of the Share Stock Purchase requires any approval of the shareholders equity holders of the Buyer that has not been previously obtained. The Buyer has duly executed and delivered this Agreement and, assuming due authorization, execution and delivery by the other partiesparties hereto, this Agreement constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms (except insofar as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other Laws of general applicability relating to or affecting creditors’ rights, or by principles governing the availability of equitable remedies, whether considered in a proceeding at law or in equity).

Power; Authorization; Enforceability. (a) The Buyer Each Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized (in the case of good standing, to the extent the concept is recognized by such jurisdiction)organized. (b) The Buyer Each Seller has all requisite corporate (or similar) power and authority to execute and deliver this Agreement and to consummate the Share Stock Purchase. The execution and delivery by the Buyer each Seller of this Agreement and the consummation by it of the Share Stock Purchase have been duly authorized by all necessary corporate (or similar) action on the part of the Buyersuch Seller. Neither the approval of this Agreement nor the consummation of the Share Stock Purchase requires any approval of the shareholders equity holders of the Buyer a Seller that has not been previously obtained. The Buyer Each Seller has duly executed and delivered this Agreement and, assuming due authorization, execution and delivery by the other partiesparties hereto, this Agreement constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms (except insofar as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other Laws of general applicability relating to or affecting creditors’ rights, or by principles governing the availability of equitable remedies, whether considered in a proceeding at law or in equity).

Power; Authorization; Enforceability. (a) The Buyer Each Seller is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized (in the case of good standing, to the extent the concept is recognized by such jurisdiction). (b) The Buyer Each Seller has all requisite corporate (or similar) power and authority to execute and deliver this Agreement and to consummate the Share Purchase. The execution and delivery by the Buyer each Seller of this Agreement and the consummation by it of the Share Purchase have been duly authorized by all necessary corporate (or similar) action on the part of the Buyersuch Seller. Neither the approval of this Agreement nor the consummation of the Share Purchase requires any approval of the shareholders of the Buyer such Seller that has not been previously obtained. The Buyer Each Seller has duly executed and delivered this Agreement and, assuming due authorization, execution and delivery by the other parties, this Agreement constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms (except insofar as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other Laws of general applicability relating to or affecting creditors’ rights, or by principles governing the availability of equitable remedies, whether considered in a proceeding at law or in equity).