Common use of Authorization; Enforceability Clause in Contracts

Authorization; Enforceability. Each of the parties hereto represents and warrants that it has taken all action necessary to authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby; and upon execution and delivery, this Agreement shall constitute a valid and binding obligation of the respective party, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights or by the principles governing the availability of equitable remedies.

Appears in 262 contracts

Sources: Security Agreement (Galaxy Next Generation, Inc.), Security Agreement (Hyperdynamics Corp), Security Agreement (Egpi Firecreek, Inc.)

Authorization; Enforceability. Each of the parties hereto represents and warrants that it has taken all action necessary to authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby; and upon execution and delivery, this Agreement shall constitute a valid and binding obligation of the respective party, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights or by the principles governing the availability of equitable remedies.

Appears in 188 contracts

Sources: Security Agreement (Vsee Health, Inc.), Security Agreement (Kona Gold Beverage, Inc.), Security Agreement (Kraig Biocraft Laboratories, Inc)

Authorization; Enforceability. Each of the parties hereto represents and warrants that it has taken all action necessary to authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby; and upon execution and delivery, this Agreement shall constitute a valid and binding obligation obligations of the respective party, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights or by the principles governing the availability of equitable remedies.

Appears in 2 contracts

Sources: Loan Agreement (World Wireless Communications Inc), Loan Agreement (World Wireless Communications Inc)

Authorization; Enforceability. Each of the parties hereto represents and warrants that it has taken all action necessary to authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby; and upon execution and delivery, this Agreement shall constitute a valid and binding obligation of the respective party, subject to applicable bankruptcy, insolvency, reorganization, moratorium moratorium, fraudulent conveyance and similar laws affecting creditors' rights or and by the principles governing the availability of equitable remedies.

Appears in 1 contract

Sources: Security Agreement (Pacific Gold Corp)

Authorization; Enforceability. Each of the parties hereto represents and warrants that he or it has taken all action necessary to authorize the execution, delivery and performance of this Agreement and the transactions contemplated hereby; and upon execution and delivery, this Agreement shall constitute a valid and binding obligation of the respective party, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights or by the principles governing the availability of equitable remedies.

Appears in 1 contract

Sources: Security Agreement (Open Energy Corp)