Common use of Power to Sell Clause in Contracts

Power to Sell. (i) The Vendor has full legal right and power and authority to enter into, execute, deliver and perform this Agreement and the other agreements contemplated herein to which it is a party; the entering into, execution, delivery and performance by the Vendor of this Agreement and the other agreements contemplated herein to which it is a party have been duly authorised on the part of the Vendor; and this Agreement and the other agreements contemplated herein to which it is a party will, when executed, constitute legal, valid and binding obligations of the Vendor, enforceable against it in accordance with their respective terms. (ii) The entering into, execution, delivery and performance by the Vendor of this Agreement and the other agreements contemplated herein to which it is a party and the consummation of the transactions contemplated hereby or thereby do not and will not, directly or indirectly: (a) contravene any provisions of the memorandum and articles of association or other constitutional documents of the Vendor; and (b) violate or conflict with any law or order applicable to the Vendor or any of its businesses or properties. (iii) The Vendor shall be entitled to sell and transfer the full legal and beneficial ownership of the Sale Share beneficially owned by it to the Purchaser or its nominee free from Encumbrance at Completion.

Power to Sell. (i) The Vendor has full legal right and power and authority to enter into, execute, deliver and perform this Agreement and the other agreements contemplated herein to which it is a party; the entering into, execution, delivery and performance by the Vendor of this Agreement and the other agreements contemplated herein to which it is a party have been duly authorised authorized on the part of the Vendor; and this Agreement and the other agreements contemplated herein to which it is a party will, when executed, constitute legal, valid and binding obligations of the Vendor, enforceable against it in accordance with their respective terms. (ii) The entering into, execution, delivery and performance by the Vendor of this Agreement and the other agreements contemplated herein to which it is a party and the consummation of the transactions contemplated hereby or thereby do not and will not, directly or indirectly: (a) contravene any provisions of the memorandum and articles of association or other constitutional documents of the Vendor; and (b) violate or conflict with any law or order applicable to the Vendor or any of its businesses or propertiesproperties or any contract, agreement or understanding to which any of them is a party. (iii) The Vendor shall be entitled to sell and transfer the full legal and beneficial ownership of the Sale Share beneficially owned by it to the Purchaser or its nominee free from Encumbrance at Completion.

Power to Sell. (i) The Vendor has full legal right and power and authority to enter into, execute, deliver and perform this Agreement and the other agreements contemplated herein to which it is a party; the entering into, execution, delivery and performance by the Vendor of this Agreement and the other agreements contemplated herein to which it is a party have been duly authorised on the part of the Vendor; and this Agreement and the other agreements contemplated herein to which it is a party will, when executed, constitute legal, valid and binding obligations of the Vendor, enforceable against it in accordance with their respective terms. (ii) The entering into, execution, delivery and performance by the Vendor of this Agreement and the other agreements contemplated herein to which it is a party and the consummation of the transactions contemplated hereby or thereby do not and will not, directly or indirectly: (a) contravene any provisions of the memorandum and articles of association or other constitutional documents of the Vendor; and (b) violate or conflict with any law or order applicable to the Vendor or any of its businesses or properties. (iii) The Vendor shall be entitled to sell and transfer the full legal and beneficial ownership of the Sale Share Shares beneficially owned by it to the Purchaser or its nominee free from Encumbrance at Completion.