Entity Power and Capacity Sample Clauses

The Entity Power and Capacity clause establishes that each party entering into the agreement has the legal authority and ability to do so. It typically requires each entity to confirm that it is duly organized, validly existing, and has obtained all necessary approvals to execute and perform its obligations under the contract. This clause ensures that all parties are legally capable of being bound by the agreement, thereby reducing the risk of future disputes over a party’s authority or legal standing.
POPULAR SAMPLE Copied 1 times
Entity Power and Capacity. The Seller has the entity power, authority and capacity to own or lease its assets, including the Purchased Assets, and to carry on the Business as now being conducted by it.
View SourceView Similar (3)
Entity Power and Capacity. The Seller and Shareholders have the entity power, authority and capacity to own or lease its assets, including the Purchased Assets, and to carry on the Business as now being conducted by it. Asset Purchase Agreement, MTBC & WFS 3
View Source

Related to Entity Power and Capacity

  • Power and Capacity Each Shareholder has the power, authority and capacity to enter into this Agreement and to consummate the transactions contemplated hereby. This Agreement constitutes each Shareholder’s valid, legal and binding obligation and is enforceable against such Shareholder in accordance with its terms, subject, however, as to enforcement, to bankruptcy, insolvency, fraudulent transfer, moratorium and similar laws of general applicability relating to or affecting creditors’ rights;

  • Authority and Capacity Contractor and Contractor’s signatory each warrant and represent that each has full authority and capacity to enter into this Contract.

  • Corporate Capacity The Acquirer has the corporate power, capacity and authority to enter into and complete this Agreement;

  • Contract Capacity The electric power producing capability of the Generating Facility which is committed to Edison.

  • Shareholder Capacity By executing and delivering this -------------------- Agreement, Shareholder makes no agreement or understanding herein in his capacity as a director or officer of the Company or any subsidiary of the Company. Shareholder signs solely in his capacity as the beneficial owner of Shareholder's Shares and nothing herein shall limit or affect any actions taken by Shareholder in his capacity as an officer or director of the Company or any subsidiary of the Company.