Common use of Power of Sellers to Execute Agreement Clause in Contracts

Power of Sellers to Execute Agreement. The Selling Members have the full right, power, and authority to execute, deliver, and perform this Agreement, and this Agreement is the legal binding obligation of the Selling Members and is enforceable against the Selling Members in accordance with its terms, except that (i) such enforcement may be subject to bankruptcy, insolvency, reorganization, moratorium, or other similar laws now or hereafter in effect relating to creditors’ rights, and (ii) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceeding therefore may be brought.

Appears in 3 contracts

Samples: Membership Interests Purchase Agreement (Marine Drive Mobile Corp.), Membership Interests Purchase Agreement (Marine Drive Mobile Corp.), Membership Interests Purchase Agreement (Marine Drive Mobile Corp.)

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Power of Sellers to Execute Agreement. The Selling Members have Member has the full right, power, and authority to execute, deliver, and perform this Agreement, and this Agreement is the legal binding obligation of the Selling Members Member and is enforceable against the Selling Members Member in accordance with its terms, except that (i) such enforcement may be subject to bankruptcy, insolvency, reorganization, moratorium, or other similar laws now or hereafter in effect relating to creditors’ rights, and (ii) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceeding therefore may be brought.

Appears in 2 contracts

Samples: Exchange Agreement (Tiger Oil & Energy, Inc.), Exchange Agreement (Utec, Inc.)

Power of Sellers to Execute Agreement. The Selling Members Sellers have the full right, power, and authority to execute, deliver, and perform this Agreement, and this Agreement is the legal and binding obligation of the Selling Members Sellers and is enforceable against the Selling Members them in accordance with its terms, except that (i) such enforcement may be subject to bankruptcy, insolvency, reorganization, moratorium, or other similar laws now or hereafter in effect relating to creditors' rights, and (ii) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceeding therefore may be brought.

Appears in 1 contract

Samples: Stock Purchase Agreement (Duraswitch Industries Inc)

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Power of Sellers to Execute Agreement. The Such Selling Members have Stockholder has the full right, power, and authority to execute, deliver, and perform this Agreement, and this Agreement is the legal binding obligation of the such Selling Members Stockholder and is enforceable against the such Selling Members Stockholder in accordance with its terms, except that (i) such enforcement may be subject to bankruptcy, insolvency, reorganization, moratorium, or other similar laws now or hereafter in effect relating to creditors' rights, and (ii) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceeding therefore may be brought.

Appears in 1 contract

Samples: Share Exchange Agreement (SeaOspa Inc)

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