Common use of Authorization and Approval Clause in Contracts

Authorization and Approval. The Transferor has the full power and authority to execute and deliver this Agreement and all other documents related to the transaction contemplated herein which are to be executed by it and has the full power and authority to complete the transaction set forth herein. This Agreement has been duly and lawfully executed and delivered by the Transferor. This Agreement and all other documents related to the transaction contemplated herein which are to be executed by the Transferor are legally binding upon the Transferor and enforceable against it in accordance with the terms hereof and thereof.

Authorization and Approval. The Transferor Transferee has the full power and authority to execute and deliver this Agreement and all other documents related to the transaction contemplated herein which are to be executed by it and has the full power and authority to complete the transaction set forth herein. This Agreement has been duly and lawfully executed and delivered by the TransferorTransferee. This Agreement and all other documents related to the transaction contemplated herein which are to be executed by the Transferor Transferee are legally binding upon the Transferor Transferee and enforceable against it in accordance with the terms hereof and thereof.