Common use of Residence and Competency; Power; Enforceability; Noncontravention Clause in Contracts

Residence and Competency; Power; Enforceability; Noncontravention. The Stockholder is competent to and has sufficient capacity to execute and deliver this Agreement and the Stockholders Agreement and to perform his obligations hereunder and thereunder. This Agreement and the Stockholders Agreement have been duly executed and delivered by the Stockholder. Assuming the due execution and delivery of this Agreement and the Stockholders Agreement by the Company, this Agreement and the Stockholders Agreement constitute valid and binding obligations of the Stockholder, enforceable against the Stockholder in accordance with their terms. The execution, delivery and performance of this Agreement and the Stockholders Agreement by the Stockholder will not (i) conflict with or violate any law, rule, regulation, ordinance, writ, injunction, judgment or decree applicable to the Stockholder or by which any of his assets may be bound or affected or (ii) result in any breach of any terms or conditions of, or constitute a default under, any contract, agreement or instrument to which the Stockholder is a party or by which the Stockholder is bound.

Residence and Competency; Power; Enforceability; Noncontravention. The Stockholder is competent to and has sufficient capacity to execute and deliver this Agreement and the Stockholders Stockholders’ Agreement and to perform his obligations hereunder and thereunder. This Agreement and the Stockholders Stockholders’ Agreement have been duly executed and delivered by the Stockholder. Assuming the due execution and delivery of this Agreement and the Stockholders Stockholders’ Agreement by the CompanyParent, this Agreement and the Stockholders Stockholders’ Agreement constitute valid and binding obligations of the Stockholder, enforceable against the Stockholder in accordance with their terms. The execution, delivery and performance of this Agreement and the Stockholders Stockholders’ Agreement by the Stockholder will not (i) conflict with or violate any law, rule, regulation, ordinance, writ, injunction, judgment or decree applicable to the Stockholder or by which any of his assets may be bound or affected or (ii) result in any breach of any terms or conditions of, or constitute a default under, any contract, agreement or instrument to which the Stockholder is a party or by which the Stockholder is bound.