REPRESENTATIONS AND WARRANTIES OF XXXXXXX. Xxxxxxx represents and warrants to the Company that (a) Xxxxxxx is a corporation duly organized, validly existing and in good standing under the laws of the State of Wisconsin and has the corporate power and authority to enter into this Agreement and to carry out its obligations hereunder, (b) the execution and delivery of this Agreement by Xxxxxxx and the consummation by Xxxxxxx of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of Xxxxxxx and no other corporate proceedings on the part of Xxxxxxx are necessary to authorize this Agreement or any of the transactions contemplated hereby, (c) this Agreement has been duly executed and delivered by Xxxxxxx and constitutes a valid and binding obligation of Xxxxxxx, and, assuming this Agreement constitutes a valid and binding obligation of Company, is enforceable against Xxxxxxx in accordance with its terms.
Appears in 2 contracts
Samples: Stock Option Agreement (PMC International Inc), Stock Option Agreement (Ziegler Companies Inc)
REPRESENTATIONS AND WARRANTIES OF XXXXXXX. Xxxxxxx represents and warrants to the Company that (a) Xxxxxxx is a corporation duly organized, validly existing and in good standing under the laws of the State of Wisconsin and has the corporate power and authority to enter into this Agreement and to carry out its obligations hereunder, (b) the execution and delivery of this Agreement by Xxxxxxx and the consummation by Xxxxxxx of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of Xxxxxxx and no other corporate proceedings on the part of Xxxxxxx are necessary to authorize this Agreement or any of the transactions contemplated hereby, (c) this Agreement has been duly executed and delivered by Xxxxxxx and constitutes a valid and binding obligation of Xxxxxxx, and, assuming this Agreement constitutes a valid and binding obligation of Company, is enforceable against Xxxxxxx in accordance with its terms.
Appears in 2 contracts
Samples: Stock Option Agreement (Ziegler Companies Inc), Stock Option Agreement (PMC International Inc)