Common use of Authorization and Effect of Agreement Clause in Contracts

Authorization and Effect of Agreement. Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and to perform the transactions contemplated hereby to be performed by it. The execution and delivery by Purchaser of this Agreement and the performance by it of the transactions contemplated hereby to be performed by it have been duly authorized by all necessary corporate action on the part of Purchaser. This Agreement and each of the other documents and instruments contemplated hereby have been duly executed and delivered by Purchaser and, assuming the due execution and delivery of this Agreement by Seller, constitutes a valid and binding obligation of Purchaser, enforceable in accordance with its terms.

Authorization and Effect of Agreement. Purchaser Buyer has the requisite corporate power and authority to execute and deliver this Agreement and to perform the transactions contemplated hereby to be performed by it. The execution and delivery by Purchaser Buyer of this Agreement and the performance by it of the transactions contemplated hereby to be performed by it have been 3 duly authorized by all necessary corporate action on the part of PurchaserBuyer. This Agreement and each of the other documents and instruments contemplated hereby have has been duly executed and delivered by Purchaser Buyer and, assuming the due execution and delivery of this Agreement by Seller, constitutes a valid and binding obligation of PurchaserBuyer, enforceable in accordance with its terms.

Authorization and Effect of Agreement. Purchaser Seller has the requisite corporate power and authority to execute and deliver this Agreement and to perform the transactions contemplated hereby to be performed by itSeller. The execution and delivery by Purchaser Seller of this Agreement and the performance by it Seller of the transactions contemplated hereby to be performed by it have Seller has been duly authorized by all necessary corporate action on the part of PurchaserSeller's board of directors and, if applicable, holders of the Seller's indebtedness. This Agreement and each of the other documents and instruments contemplated hereby have has been duly executed and delivered by Purchaser Seller and, assuming the due execution and delivery of this Agreement by SellerPurchaser, constitutes a valid and binding obligation of Purchaser, Seller enforceable in accordance with its terms.

Authorization and Effect of Agreement. Purchaser Buyer has _____________________________________ the requisite corporate power and authority to execute and deliver this Agreement Agreement, to carry on the Business as presently conducted and to perform the transactions contemplated hereby to be performed by itfulfill all other obligations of Buyer under this Agreement. The execution and delivery by Purchaser Buyer of this Agreement and the performance fulfillment by it of the transactions contemplated hereby to be performed by it its obligations under this Agreement have been duly authorized by all necessary corporate action on the part of PurchaserBuyer. Buyer has the requisite legal capacity to purchase, own and hold the Purchased Property upon the consummation of the Sale. This Agreement and each of the other documents and instruments contemplated hereby have has been duly executed and delivered by Purchaser Buyer and, assuming the due execution and delivery of this Agreement by Seller, constitutes a valid and binding obligation of Purchaser, enforceable in accordance with its termsBuyer.

Authorization and Effect of Agreement. Purchaser Buyer has the requisite corporate power and authority to execute and deliver this Agreement and to perform the transactions contemplated hereby to be performed by it. The execution and delivery by Purchaser Buyer of this Agreement and the performance by it of the transactions contemplated hereby to be performed by it have been duly authorized by all necessary corporate action on the part of PurchaserBuyer. This Agreement and each of the other documents and instruments contemplated hereby have has been duly executed and delivered by Purchaser Buyer and, assuming the due execution and delivery of this Agreement by Seller, constitutes a valid and binding obligation of PurchaserBuyer, enforceable in accordance with its terms.

Authorization and Effect of Agreement. Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and to perform the transactions contemplated hereby by this Agreement to be performed by itPurchaser. The execution and delivery by Purchaser of this Agreement and the performance by it Purchaser of the transactions contemplated hereby by this Agreement to be performed by it Purchaser have been duly authorized by all necessary corporate action on the part of Purchaser, Purchaser's board of directors and, if applicable, Purchaser's stockholders and holders of Purchaser's indebtedness. This Agreement and each of the other documents and instruments contemplated hereby have has been duly executed and delivered by Purchaser and, assuming the due execution and delivery of this Agreement by Seller, constitutes a valid and binding obligation of Purchaser, Purchaser enforceable in accordance with its terms.

Authorization and Effect of Agreement. Purchaser has the requisite corporate power and authority to execute and deliver this Agreement and to perform the transactions contemplated hereby to be performed by it. The All necessary corporate action required to be taken for the due authorization of the execution and delivery by Purchaser of this Agreement and the performance by it Purchaser of the transactions contemplated hereby to be performed by it have Purchaser has been duly authorized taken by all necessary corporate action on the part of Purchaser. This Agreement and each of the other documents and instruments contemplated hereby have has been duly executed and delivered by Purchaser and, assuming the due execution and delivery of this Agreement by Seller, constitutes a valid and binding obligation of Purchaser, enforceable in accordance with its terms.

Authorization and Effect of Agreement. Purchaser Buyer has the requisite corporate power and authority to execute and deliver this Agreement and to perform the transactions contemplated hereby by this Agreement to be performed by itBuyer. The execution and delivery by Purchaser Buyer of this Agreement and the performance by it Buyer of the transactions contemplated hereby by this Agreement to be performed by it Buyer have been duly authorized by all necessary corporate action on the part of PurchaserBuyer. This Agreement and each of the other documents and instruments contemplated hereby have has been duly executed and delivered by Purchaser Buyer and, assuming the due execution and delivery of this Agreement by Seller, constitutes a valid and binding obligation of Purchaser, Buyer enforceable in accordance with its terms.

Authorization and Effect of Agreement. Purchaser has the requisite corporate power and authority to execute execute, deliver and deliver this Agreement and to perform its obligations under each of the transactions contemplated hereby Transaction Documents executed or to be performed executed by itPurchaser. The execution execution, delivery and delivery performance by Purchaser of this Agreement and the performance by it each of the transactions contemplated hereby Transaction Documents executed or to be performed executed by it Purchaser have been duly authorized by all necessary corporate action on the part board of directors of Purchaser. This Agreement and each of the other documents and instruments contemplated hereby have has been duly executed and delivered by Purchaser. This Agreement constitutes, and each of the other Transaction Documents to be executed by Purchaser andwill constitute, assuming the due execution and delivery of this Agreement by Seller, constitutes a valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms.