Common use of Authorization of the Transaction Clause in Contracts

Authorization of the Transaction. The Buyer has all requisite power and authority to execute and deliver this Agreement and the Ancillary Agreements and to perform its obligations hereunder and thereunder. The execution and delivery by the Buyer of this Agreement and the performance by the Buyer of this Agreement and the Ancillary Agreements and the consummation by the Buyer of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action on the part of the Buyer. This Agreement has been duly and validly executed and delivered by the Buyer and constitutes, and each of the Ancillary Agreements, upon its execution and delivery by the Buyer, will constitute, a valid and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms.

Authorization of the Transaction. The Each Buyer has all requisite power and authority to execute and deliver this Agreement and the Ancillary Agreements and to perform its obligations hereunder and thereunder. The execution and delivery by the Buyer of this Agreement and the performance by the each Buyer of this Agreement and the Ancillary Agreements Agreements, the performance by the Buyers of this Agreement and the Ancillary Agreements, and the consummation by the each Buyer of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action on the part of the such Buyer. This Agreement has been duly and validly executed and delivered by the each Buyer and constitutes, and each of the Ancillary Agreements, upon its execution and delivery by the such Buyer, will constitute, a valid and binding obligation of the such Buyer, enforceable against the Buyer it in accordance with its respective terms.

Authorization of the Transaction. The Buyer has all requisite power and authority to execute and deliver this Agreement and the Ancillary Agreements and to perform its obligations hereunder and thereunder. The execution and delivery by the Buyer of this Agreement and the Ancillary Agreements, the performance by the Buyer of this Agreement and the Ancillary Agreements Agreements, and the consummation by the Buyer of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action on the part of the Buyer. This Agreement has been duly and validly executed and delivered by the Buyer and constitutes, and each of the Ancillary Agreements, upon its execution and delivery by the Buyer, will constitute, a valid and binding obligation of the Buyer, enforceable against the Buyer it in accordance with its terms.