Common use of Authorization and Enforceability Clause in Contracts

Authorization and Enforceability. The execution, delivery and performance of this Agreement by the Company have been duly authorized by all necessary corporate action on the part of the Company, and this Agreement constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms.

Appears in 9 contracts

Sources: Standby Stock Purchase Agreement (Opus360 Corp), Standby Stock Purchase Agreement (Zengine Inc), Standby Stock Purchase Agreement (Emerge Interactive Inc)

Authorization and Enforceability. The execution, delivery This Agreement and performance each of this Agreement by the Company Transaction Documents (i) have been duly authorized by all necessary corporate action executed and delivered on the part behalf of the Company, Company and this Agreement constitutes the (ii) constitute a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its their terms.

Appears in 6 contracts

Sources: Restructuring Support Agreement (Crossroads Systems Inc), Securities Purchase Agreement (210/P10 Acquisition Partners, LLC), Securities Purchase Agreement (210 Capital, LLC)

Authorization and Enforceability. The executionCompany has full legal power, delivery right and performance of authority to enter into this Agreement by and to issue the Shares. This Agreement has been duly authorized, executed and delivered on behalf of the Company have been duly authorized by all necessary corporate action on and is the part of the Company, and this Agreement constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms. The Shares when delivered pursuant to the terms of this Agreement will be validly issued, fully paid and nonassessable.

Appears in 3 contracts

Sources: Stock Purchase Agreement (Lone Moose Adventures Inc), Stock Purchase Agreement (Lone Moose Adventures Inc), Stock Purchase Agreement (Lone Moose Adventures Inc)

Authorization and Enforceability. The execution, delivery and -------------------------------- performance of this Agreement by the Company have been duly authorized by all necessary corporate action on the part of the Company, and this Agreement constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Internet Capital Group Inc), Stock Purchase Agreement (Internet Capital Group Inc)

Authorization and Enforceability. The execution, delivery and performance of this Agreement by the Company have been duly authorized by all necessary corporate action on the part of the Company, Operator. This Agreement has been duly executed and this Agreement delivered by Operator and constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its termsOperator.

Appears in 2 contracts

Sources: Facility Operating Agreement, Facility Operating Agreement (Environmental Power Corp)

Authorization and Enforceability. The execution, execution and delivery and performance of this Agreement by the Company and all agreements and instruments to be executed and delivered hereunder have been duly authorized by all necessary corporate action on the part of the Company, Vendor and its shareholders and this Agreement constitutes the legal, valid and binding obligation of the Company, Vendor enforceable against the Company Vendor in accordance with its terms.

Appears in 2 contracts

Sources: Asset Purchase Agreement (BBX Capital, Inc.), Asset Purchase Agreement

Authorization and Enforceability. The execution, execution and delivery and performance of this Agreement by Agreement, and the Company completion of the transactions contemplated hereby, have been duly and validly authorized by all necessary action, corporate action or otherwise, on the part of the Company, Company Shareholders and this Agreement constitutes the a legal, valid and binding obligation of the Company, Company Shareholders and is enforceable against the Company Shareholders in accordance with its terms.;

Appears in 1 contract

Sources: Merger Agreement (Cirus Telecom Inc)

Authorization and Enforceability. The execution, execution and delivery and performance of this Agreement by Agreement, and the Company completion of the transactions contemplated hereby, have been duly and validly authorized by all necessary action, corporate action or otherwise, on the part of the Company, Company Shareholders and this Agreement constitutes the a legal, valid and binding obligation of the Company, Company ___ Shareholders and is enforceable against the Company Shareholders in accordance with its terms.;

Appears in 1 contract

Sources: Merger Agreement (Bahadoorsingh Mahase)

Authorization and Enforceability. The execution, delivery and performance of this Agreement by the Company have been duly authorized by has taken all necessary corporate action on the part of the Companyrequired to execute, deliver and perform this Agreement. This Agreement constitutes the legal, valid valid, and binding obligation of the Company, enforceable against the Company in accordance with its terms.

Appears in 1 contract

Sources: Subordination Agreement (Nextera Enterprises Inc)

Authorization and Enforceability. The execution, delivery and performance of this Agreement by the Company have has been duly authorized by all necessary corporate action on the part of the CompanyBorrower, and this Agreement constitutes the legal, a valid and binding obligation of the CompanyBorrower, enforceable against the Company Borrower in accordance with its terms.

Appears in 1 contract

Sources: Intercreditor Agreement (Monitronics International Inc)

Authorization and Enforceability. The execution, delivery and performance of this Agreement by the Company have has been duly authorized by all necessary corporate action on the part of the Company, and this Agreement constitutes the legal, a valid and binding obligation of the Company, enforceable against the Company in accordance with its terms.

Appears in 1 contract

Sources: Intercreditor and Subordination Agreement (Monitronics International Inc)

Authorization and Enforceability. The execution, delivery and performance by the Company of this Agreement by and the Company consummation of the transactions contemplated hereby (including, but not limited to, the sale and delivery of the Convertible Notes) have been duly authorized by all necessary corporate action on of the part Company, including all required approvals of the shareholders of the Company, and no additional such corporate action is required for the approval of this Agreement constitutes and the legal, valid and binding obligation completion of the Company, enforceable against the Company in accordance with its termstransactions contemplated herein.

Appears in 1 contract

Sources: Investment Agreement (Kopernik Global Investors, LLC)