Power; Authorization; Execution Clause Samples
Power; Authorization; Execution. Buyer has all requisite corporate power and authority to execute, deliver, and perform this Agreement and the Transaction Documents to which it is a party and to consummate the transactions contemplated hereunder and thereunder. The execution, delivery, and performance of this Agreement and the Transaction Documents to which Buyer is a party have been duly authorized by all requisite corporate action, and this Agreement and the Transaction Documents to which it is a party has been duly executed and delivered by Buyer.
Power; Authorization; Execution. The Guarantor has the power and authority, and the legal right, to make, deliver and perform this Guaranty. The Guarantor has taken all necessary action to authorize the execution, delivery and performance of this Guaranty. This Guaranty has been duly executed and delivered on behalf of the Issuer.
Power; Authorization; Execution. (a) Each of the Selling Shareholders has full power and capacity to execute and deliver each Transaction Document to which it is a party and to perform its obligations hereunder and thereunder.
(b) The execution, delivery and performance by each of the Selling Shareholders of each Transaction Document to which it is a party have been duly authorized by all necessary corporate action on the part of such Entity, except for the approval of its board of directors, which shall be obtained on or before the First Closing Date.
(c) Subject to the approval of its board of directors, each Transaction Document to which each of the Selling Shareholders is a party, assuming due authorization, execution and delivery of such Transaction Document by the other parties thereto, will constitute the valid and legally binding obligation of such Selling Shareholder, enforceable against such Selling Shareholder in accordance with its terms, subject to applicable bankruptcy, insolvency and similar Laws affecting creditor rights generally and to general principles of equity.