Common use of Authorization; Enforceable Agreement Clause in Contracts

Authorization; Enforceable Agreement. Purchaser has full right, power, authority and capacity to enter into this Agreement, to perform its obligations hereunder, and to consummate the transactions contemplated hereunder. The execution, delivery and performance of this Agreement have been duly authorized by all necessary action on the part of Purchaser, and this Agreement has been duly executed and delivered by Purchaser and, assuming due authorization, execution and delivery of this Agreement by the Company, will constitute valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms.