Common use of Validity of Agreement and Conflict with Other Instruments Clause in Contracts

Validity of Agreement and Conflict with Other Instruments. (a) This Agreement, and all transactions contemplated hereby, have been duly authorized and approved by the board of directors and the Shareholder. No further corporate action is necessary on the part of the Seller to execute and deliver this Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by each of the Seller and the Shareholder and is a legal, valid and binding obligation of the Seller and the Shareholder enforceable against them in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws from time to time in effect that affect creditors' rights generally and by legal and equitable limitations on the availability of specific remedies.

Appears in 1 contract

Samples: Asset Purchase Agreement (Weatherford International Inc /New/)

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Validity of Agreement and Conflict with Other Instruments. (a) This Agreement, and all transactions contemplated hereby, have been duly authorized and approved by the board boards of directors and the Shareholdershareholders of each of the Seller and CHI. No further corporate action is necessary on the part of either the Seller or CHI to execute and deliver this Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by the Seller and each of the Seller and the Shareholder Shareholders and is a legal, valid and binding obligation of the Seller and each of the Shareholder Shareholders enforceable against them in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws from time to time in effect that affect creditors' rights generally and by legal and equitable limitations on the availability of specific remedies.

Appears in 1 contract

Samples: Asset Purchase Agreement (Weatherford International Inc /New/)

Validity of Agreement and Conflict with Other Instruments. (a) This Agreement, and all transactions contemplated hereby, have Agreement has been duly authorized and approved by the board Shareholders of directors and the ShareholderSeller. No further corporate action is necessary on the part of the Seller to execute and deliver this Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by each of the Seller and the Shareholder Shareholders and is a legal, valid and binding obligation of the Seller and the Shareholder Shareholders enforceable against them the Seller and the Shareholders in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws from time to time in effect that affect creditors' rights generally and by legal and equitable limitations on the availability of specific remedies.

Appears in 1 contract

Samples: Asset Purchase Agreement (DXP Enterprises Inc)

Validity of Agreement and Conflict with Other Instruments. (a) This Agreement, and all transactions contemplated hereby, have Agreement has been duly authorized and approved by the board Shareholders and directors of directors and the ShareholderSeller. No further corporate action is necessary on the part of the Seller to execute and deliver this Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by each of the Seller and the Shareholder Shareholders and is a legal, valid and binding obligation of the Seller and the Shareholder Shareholders enforceable against them the Seller and the Shareholders in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws from time to time in effect that affect creditors' rights generally and by legal and equitable limitations on the availability of specific remedies.

Appears in 1 contract

Samples: Asset Purchase Agreement (DXP Enterprises Inc)

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Validity of Agreement and Conflict with Other Instruments. (a) This Each of the Sellers has the requisite legal capacity, power and authority to enter into this Agreement, and all transactions contemplated hereby, have been duly authorized and approved by the board of directors and the Shareholder. No further corporate action is necessary on the part each of the Seller to execute Sellers has the requisite legal capacity, power and deliver this Agreement or authority to consummate the transactions contemplated herebyTransactions and to perform its obligations under this Agreement. This Agreement has been duly authorized, executed and delivered by each of the Seller and the Shareholder Sellers and is a legal, valid and binding obligation of each of the Seller and the Shareholder Sellers, enforceable against them each of the Sellers in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws from time to time in effect that affect creditors' rights generally and by legal and equitable limitations on the availability of specific remedies.

Appears in 1 contract

Samples: Purchase Agreement (NACG Holdings Inc.)

Validity of Agreement and Conflict with Other Instruments. (a) This Agreement, and all transactions contemplated hereby, have been duly authorized and approved by the board boards of directors and the Shareholdershareholders of the Seller. No further corporate action is necessary on the part of the Seller to execute and deliver this Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by the Seller and each of the Seller and the Shareholder Shareholders and is a legal, valid and binding obligation of the Seller and each of the Shareholder Shareholders enforceable against them in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws from time to time in effect that affect creditors' rights generally and by legal and equitable limitations on the availability of specific remedies.

Appears in 1 contract

Samples: Asset Purchase Agreement (Weatherford International Inc /New/)

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