Common use of Validity and Effect of Agreement Clause in Contracts

Validity and Effect of Agreement. This Agreement has been duly and validly executed and delivered by Buyer and, assuming that it has been duly authorized, executed and delivered by the other parties hereto, constitutes a legal, valid and binding obligation of Buyer, in accordance with its terms except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors' rights generally.

Appears in 3 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Lenco Mobile Inc.), Stock Purchase Agreement (Telanetix,Inc)

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Validity and Effect of Agreement. This Agreement has been duly and validly executed and delivered by Buyer Seller and Shareholder and, assuming that it has been duly authorized, executed and delivered by the other parties hereto, constitutes a legal, valid and binding obligation of BuyerSeller and Shareholder, in accordance with its terms except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors' rights generally.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Lenco Mobile Inc.)

Validity and Effect of Agreement. This Agreement has been duly and validly authorized, executed and delivered by Purchaser and, assuming it has been duly and validly executed and delivered by Buyer and, assuming that it has been duly authorized, executed and delivered by the other parties heretoSeller, constitutes a legal, valid and binding obligation of Buyer, Purchaser in accordance with its terms except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors' rights generallyterms.

Appears in 1 contract

Samples: Securities Purchase Agreement (American Restaurant Concepts Inc)

Validity and Effect of Agreement. This Agreement has been duly and validly authorized, executed and delivered by Seller and, assuming it has been duly and validly executed and delivered by Buyer and, assuming that it has been duly authorized, executed and delivered by the other parties heretoPurchaser, constitutes a legal, valid and binding obligation of BuyerSeller, in accordance with its terms except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors' rights generallyterms.

Appears in 1 contract

Samples: Securities Purchase Agreement (American Restaurant Concepts Inc)

Validity and Effect of Agreement. This Agreement has been duly and validly executed and delivered by Buyer Seller and, assuming that it has been duly authorized, executed and delivered by the other parties hereto, constitutes a legal, valid and binding obligation of BuyerSeller, in accordance with its terms except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors' ’ rights generally.

Appears in 1 contract

Samples: Asset Purchase Agreement (Global Tech Industries Group, Inc.)

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Validity and Effect of Agreement. This Agreement has been duly and validly executed and delivered by Buyer each Seller and, assuming that it has been duly authorized, executed and delivered by the other parties hereto, constitutes a legal, valid and binding obligation obligations of Buyereach Seller, in accordance with its terms except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors' rights generally.

Appears in 1 contract

Samples: Stock Purchase Agreement (Telanetix,Inc)

Validity and Effect of Agreement. This Agreement has been duly and validly executed and delivered by Buyer and, assuming that it has been duly authorized, executed and delivered by the other parties hereto, constitutes a legal, valid and binding obligation of Buyer, in accordance with its terms except as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors' ’ rights generally.

Appears in 1 contract

Samples: Asset Purchase Agreement (Global Tech Industries Group, Inc.)

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