Authority; No Other Action. (a) The execution, delivery and performance of this Agreement is within the Purchaser's powers and have been duly authorized on the Purchaser's part by all requisite corporate action. (b) No action by or in respect of, or filing with, any Governmental Authority is required for the execution, delivery and performance by the Purchaser of this Agreement.
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Authority; No Other Action. (a) The executionPurchaser is validly existing and in good standing under the laws of its jurisdiction of organization and has the full right, delivery power and performance of authority to enter into and perform this Agreement and this Agreement has been duly authorized, executed and delivered by the Purchaser and is within a valid and binding agreement of the Purchaser's powers and have been duly authorized on , enforceable against the Purchaser's part by all requisite corporate actionPurchaser in accordance with its terms.
(b) No action by or in respect of, or filing with, with any Governmental Authority Entity is required for the execution, delivery and performance of this Agreement by the Purchaser of this AgreementPurchaser.
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Sources: Stock Purchase Agreement (Accor)