Common use of Authority and Due Authorization Clause in Contracts

Authority and Due Authorization. The Purchaser has the requisite corporate power and authority to enter into, deliver and perform this Agreement and to perform all of its obligations hereunder. All necessary corporate action to authorize the execution, delivery and performance of this Agreement by Purchaser has been duly taken by Purchaser.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Metris Companies Inc)

Authority and Due Authorization. The Purchaser has the requisite corporate power and --------------------------------- authority to enter into, deliver and perform this Agreement and to perform all of its obligations hereundereffect the transactions contemplated hereby. All action necessary corporate action to authorize the execution, execution and delivery and performance of this Agreement by Purchaser has been duly taken contemporaneously with the transactions contemplated by Purchaserthis Agreement.

Appears in 1 contract

Sources: Receivable Purchase Facility Agreement (Charter Communications International Inc /Tx/)