Power; Binding Agreements Clause Samples

Power; Binding Agreements. Each Loan Party has full power, authority and legal right to enter into this Agreement and to perform its obligations under this Agreement. This Agreement constitutes the legal, valid and binding obligation of each Loan Party, enforceable against each Loan Party in accordance with its terms (except for limitations on enforceability under bankruptcy, reorganization, insolvency and other similar laws affecting creditors’ rights generally and limitations on the availability of the remedy of specific performance imposed by the application of general equitable principles).

Power; Binding Agreements. Each Loan Party has full power, authority and legal right to enter into this Amendment and to perform its obligations under this Amendment. This Amendment constitutes the legal, valid and binding obligation of the Company and the Restricted Subsidiaries, enforceable against the Company and the Restricted Subsidiaries in accordance with its terms (except for limitations on enforceability under bankruptcy, reorganization, insolvency and other similar laws affecting creditors’ rights generally and limitations on the availability of the remedy of specific performance imposed by the application of general equitable principles).

Power; Binding Agreements. ▇▇▇▇ has the ------------------------- legal capacity, power and authority to enter into and perform all of his obligations under this Agreement. Each of the Trust and the Foundation has the requisite power and authority (in accordance with the terms of its organizational documents) to enter into and perform all of its obligations under this Agreement. Upon delivery of the Shares to Purchaser hereunder, Purchaser will acquire good title thereto free and clear of all Liens and claims of others of every kind and description, subject to applicable federal and state securities laws. The execution, delivery and performance of this Agreement by each Seller will not violate any agreement to which such Seller is a party or by which such Seller is bound, including, without limitation, any trust agreement, voting agreement, stockholders agreement, voting trust, partnership or other agreement. This Agreement has been duly and validly executed and delivered by each Seller and constitutes the legal, valid and binding agreement of such Seller, enforceable against such Seller in accordance with its terms.

Power; Binding Agreements. Each ▇▇▇▇ ------------------------- Family Member has the legal capacity, power and authority to enter into and perform all of his or her obligations under this Agreement. Upon delivery of the ▇▇▇▇ Family Member Shares to Purchaser hereunder, Purchaser will acquire good title thereto free and clear of all Liens and claims of others of every kind and description, subject to applicable federal and state securities laws. The execution, delivery and performance of this Agreement by such ▇▇▇▇ Family Member will not violate any agreement to which such ▇▇▇▇ Family Member is a party or by which such ▇▇▇▇ Family Member is bound, including, without limitation, any trust agreement, voting agreement, stockholders agreement, voting trust, partnership or other agreement. This Agreement has been duly and validly executed and delivered by such ▇▇▇▇ Family Member and constitutes the legal, valid and binding agreement of such ▇▇▇▇ Family Member, enforceable against such ▇▇▇▇ Family Member in accordance with its terms.

Power; Binding Agreements. Seller has the legal capacity, power and authority to enter into and perform all of his obligations under this Agreement. Upon delivery of the Shares to Purchaser hereunder, Purchaser will acquire good title thereto free and clear of all Liens and claims of others of every kind and description, subject to applicable federal and state securities laws. The execution, delivery and performance of this Agreement by Seller will not violate any agreement to which Seller is a party or by which Seller is bound, including, without limitation, any trust agreement, voting agreement, stockholders agreement, voting trust, partnership or other agreement. This Agreement has been duly and validly executed and delivered by Seller and constitutes the legal, valid and binding agreement of Seller, enforceable against Seller in accordance with its terms.

Power; Binding Agreements. Each of the Company and the Restricted Subsidiaries has full power, authority and legal right to make and perform such of this Amendment and Waiver and the Amended Credit Agreement to which it is a party. This Amendment and Waiver and the Amended Credit Agreement constitute the legal, valid and binding obligations of each of the Company and the Restricted Subsidiaries as are parties thereto, enforceable in accordance with their terms (except for limitations on enforceability under bankruptcy, reorganization, insolvency and other similar laws affecting creditors' rights generally and limitations on the availability of the remedy of specific performance imposed by the application of general equitable principles).