Common use of Due Authorization and Execution Clause in Contracts

Due Authorization and Execution. This Agreement has been duly authorized, executed and delivered by Seller and is a legal, valid and binding obligation of Seller, enforceable in accordance with its terms, except as enforcement may be limited by (i) bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or limiting creditors' rights generally or (ii) general principles of equity (regardless of whether such principles are considered in a proceeding in equity or at law).

Appears in 4 contracts

Sources: Asset Purchase Agreement (Vertical Computer Systems Inc), Asset Purchase Agreement (Aptimus Inc), Asset Purchase Agreement (Ride Inc)

Due Authorization and Execution. This Agreement has been duly authorized, executed and delivered by Seller Purchaser and is a legal, valid and binding obligation of SellerPurchaser, enforceable in accordance with its terms, except as enforcement may be limited by (i) bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating to or limiting creditors' rights generally or (ii) general principles of equity (regardless of whether such principles are considered in a proceeding in equity or at law).

Appears in 2 contracts

Sources: Asset Purchase Agreement (Vertical Computer Systems Inc), Asset Purchase Agreement (Aptimus Inc)

Due Authorization and Execution. This Agreement has been duly authorized, executed and delivered by Seller and is a legal, valid and binding obligation of Seller, enforceable in accordance with its terms, except as enforcement may be limited by (i) bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles relating relation to or limiting creditors' rights generally or (ii) general principles of equity (regardless of whether such principles are considered in a proceeding in equity or at law).

Appears in 1 contract

Sources: Stock Purchase Agreement (Ride Inc)