Common use of Authorization and Enforceability Clause in Contracts

Authorization and Enforceability. This Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 16 contracts

Sources: Purchase and Sale Agreement, Lease Acquisition Agreement, Purchase and Sale Agreement (Carbon Natural Gas Co)

Authorization and Enforceability. The execution, delivery and performance of this Agreement and the Transaction have been duly and validly authorized by all requisite company action on behalf of Buyer. This Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other similar laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 7 contracts

Sources: Purchase and Sale Agreement (Ultra Petroleum Corp), Restructuring Support Agreement (Ultra Petroleum Corp), Purchase and Sale Agreement (Energy XXI LTD)

Authorization and Enforceability. This Agreement constitutes Buyer’s 's legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 6 contracts

Sources: Purchase and Sale Agreement, Lease Acquisition Agreement, Purchase and Sale Agreement (Empire Petroleum Corp)

Authorization and Enforceability. This Agreement constitutes Buyersuch Seller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 5 contracts

Sources: Purchase and Sale Agreement (AMERICAN EAGLE ENERGY Corp), Purchase and Sale Agreement (Eternal Energy Corp.), Purchase and Sale Agreement (American Eagle Energy Inc.)

Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and conveyance and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at lawequity.

Appears in 5 contracts

Sources: Business Purchase Agreement (Carsmartt, Inc.), Business Purchase Agreement (LiveWire Ergogenics, Inc.), Business Purchase Agreement (LiveWire Ergogenics, Inc.)

Authorization and Enforceability. This The execution, delivery and performance of this Agreement has been duly authorized by all necessary corporate action on the part of Buyer, and constitutes Buyer’s the legal, valid and binding obligation, obligation of Buyer enforceable against Buyer in accordance with its terms, subject, however, to the effects of except as such enforceability may be limited by: (i) applicable bankruptcy, insolvency, reorganization, moratorium and or other similar laws for affecting the protection enforcement of creditors, as well as to ' rights generally; and (ii) general principles of equity, equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 4 contracts

Sources: Stock Purchase Agreement (Ultrapetrol Bahamas LTD), Stock Purchase Agreement (Ultrapetrol Bahamas LTD), Stock Purchase Agreement (Ultrapetrol Bahamas LTD)

Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 3 contracts

Sources: Purchase and Sale Agreement (Samson Oil & Gas LTD), Purchase and Sale Agreement (New Frontier Energy Inc), Lease Acquisition Agreement (American Eagle Energy Inc.)

Authorization and Enforceability. This Agreement constitutes Buyer’s Seller's legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and conveyance and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at lawequity.

Appears in 3 contracts

Sources: Business Purchase Agreement (E Med Future, Inc.), Business Purchase Agreement (E Med Future, Inc.), Business Purchase Agreement

Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 3 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Legacy Reserves Lp), Lease Acquisition and Participation Agreement (Samson Oil & Gas LTD)

Authorization and Enforceability. This Assuming the due authorization, execution and delivery by Seller, this Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Kodiak Oil & Gas Corp)

Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Delta Petroleum Corp/Co), Purchase and Sale Agreement (Delta Petroleum Corp/Co)

Authorization and Enforceability. This Agreement and each of the documents, instruments and agreements contemplated hereby to which it is a party, when duly executed and delivered by Buyer, constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (LSB Industries Inc)

Authorization and Enforceability. This Agreement constitutes Buyer’s Seller's legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Empire Petroleum Corp), Purchase and Sale Agreement (Sterling Oil & Gas CO)

Authorization and Enforceability. This Agreement has been duly authorized, executed, and delivered by Purchaser, and, to the best of Purchaser's knowledge, constitutes Buyer’s the legal, valid valid, and binding obligationobligation of Purchaser, and is enforceable against Purchaser in accordance with its terms, subject, however, except to the effects of extent such enforceability may be limited by bankruptcy, reorganization, insolvency, reorganization, moratorium and other or similar laws for of general applicability governing the protection enforcement of creditors, as well as to the rights of creditors or by the general principles of equity, equity (regardless of whether such enforceability is considered in a proceeding at law or in equity or at lawequity).

Appears in 2 contracts

Sources: Asset Purchase Agreement (NHP Retirement Housing Partners I LTD Partnership), Asset Purchase Agreement (Capital Senior Living Corp)

Authorization and Enforceability. This The execution, delivery and performance of this Agreement by Buyer has been duly authorized by all necessary corporate action on the part of Buyer, and constitutes Buyer’s a legal, valid and binding obligation, obligation of Buyer enforceable against Buyer in accordance with its terms, subject, however, to the effects of except as such enforceability may be limited by: (i) applicable bankruptcy, insolvency, reorganization, moratorium and or other similar laws for affecting the protection enforcement of creditors, as well as to ' rights generally; and (ii) general principles of equity, equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

Appears in 1 contract

Sources: Stock Purchase Agreement (Ultrapetrol Bahamas LTD)

Authorization and Enforceability. This Agreement constitutes Buyereach Seller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Carbon Natural Gas Co)

Authorization and Enforceability. This Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, subject however to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Samson Oil & Gas LTD)

Authorization and Enforceability. This Agreement constitutes constitutes, and each other document executed and delivered by Buyer in connection with the Transaction will constitute, Buyer’s legal, valid and binding obligation, enforceable in accordance with its their respective terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other similar laws for the protection of creditors, creditors and equitable principles which may limit the availability of certain equitable remedies (such as well as to general principles of equity, regardless whether such enforceability is considered specific performance) in a proceeding in equity or at lawcertain instances.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Teton Energy Corp)

Authorization and Enforceability. This Assuming the due authorization, execution and delivery by Sellers, this Agreement constitutes Buyer’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Sources: Membership Interest Purchase Agreement (Endeavour International Corp)

Authorization and Enforceability. This Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its termsiterms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and conveyance and other laws for the protection of creditors, as well as to the general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at lawequity.

Appears in 1 contract

Sources: Business Purchase Agreement

Authorization and Enforceability. This Agreement constitutes Buyer’s its legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium and other laws for the protection of creditors, as well as to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Sources: Farmout Agreement (Samson Oil & Gas LTD)

Authorization and Enforceability. This Assuming the due authorization, execution and delivery by Purchaser, this Agreement constitutes BuyerSeller’s legal, valid and binding obligation, enforceable in accordance with its terms, subject, however, to the effects of bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent transfer and other laws Laws for the protection of creditors, as well as to general principles of equity, regardless whether such enforceability is considered in a proceeding in equity or at law.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Emerald Oil, Inc.)