Power and Authority to Transfer Clause Samples

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Power and Authority to Transfer. The Seller (i) is the sole record and beneficial owner of the Shares, (ii) has the full right, power and authority to enter into this Agreement and (iii) will have, on the Closing Date (assuming the satisfaction of the conditions set forth in Section 5(d) and Section 6(e) hereto), full right, power and authority to sell, assign, transfer and deliver all right, title and interest to the Shares free and clear of all liens or encumbrances to the Buyer (other than any liens or encumbrances that may arise under federal securities laws as a result of the Buyer’s ownership of Common Stock other than the Shares). All action on the part of the Seller necessary for the authorization, execution, delivery and performance of this Agreement, the sale of the Shares and the performance of all of the Seller’s obligations hereunder has been taken. This Agreement, when executed and delivered by the Seller, shall constitute a valid and binding obligation of the Seller.
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Power and Authority to Transfer. The Seller (i) is the sole record and beneficial owner of the Shares, and (ii) has the full right, power and authority to enter into this Agreement and to sell, assign, transfer and deliver all right, title and interest to the Shares free and clear of all liens or encumbrances to the Buyer. All action on the part of the Seller necessary for the authorization, execution, delivery and performance of this Agreement, the sale of the Shares and the performance of all of the Seller’s obligations hereunder has been taken. This Agreement, when executed and delivered by the Seller, shall constitute a valid and binding obligation of the Seller.
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Power and Authority to Transfer. This Agreement, when executed and delivered by Founder, shall constitute a valid and binding obligation of the Founder, enforceable in accordance with its terms, subject to laws of general application relating to bankruptcy, insolvency and the relief of debtors and rules of law governing specific performance, injunctive relief or other equitable remedies.
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Power and Authority to Transfer. ▇▇. ▇▇▇▇▇▇▇ is the sole record and beneficial owner of the Settlement Shares. Each of the ▇▇▇▇▇▇▇ Parties has the full right, power, and authority to enter into this Settlement. ▇▇. ▇▇▇▇▇▇▇ has the full right, power, and authority to assign, transfer, and deliver all right, title, and interest to the Settlement Shares free and clear of all liens or encumbrances to BRPI. All action on the part of the ▇▇▇▇▇▇▇ Parties necessary for the authorization, execution, delivery, and performance of this Settlement, the transfer of the Settlement Shares, and the performance of all of the ▇▇▇▇▇▇▇ Parties’ obligations hereunder has been taken. This Settlement, when executed and delivered by the ▇▇▇▇▇▇▇ Parties, shall constitute a valid and binding obligation of each of the ▇▇▇▇▇▇▇ Parties.
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Related to Power and Authority to Transfer

  • Power and Authority The Servicer has the corporate power and authority to execute and deliver this Agreement and to carry out its terms; and the execution, delivery and performance of this Agreement have been duly authorized by the Servicer by all necessary corporate action.

  • Full Power and Authority Buyer represents that it has full power and authority to enter into this Agreement.

  • Power and Authorization The Company is duly incorporated, validly existing and in good standing under the laws of its state of incorporation, and has the power, authority and capacity to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the Exchange contemplated hereby.

  • Legal Power and Authority It has all necessary power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. It is an entity duly organized, validly existing and in good standing under the laws its jurisdiction of organization.

  • Existence, Power and Authority If not a natural person, the Borrower is duly organized, validly existing and in good standing under the laws of the State of its incorporation or organization and has the power and authority to own and operate its assets and to conduct its business as now or proposed to be carried on, and is duly qualified, licensed and in good standing to do business in all jurisdictions where its ownership of property or the nature of its business requires such qualification or licensing. The Borrower is duly authorized to execute and deliver the Loan Documents, all necessary action to authorize the execution and delivery of the Loan Documents has been properly taken, and the Borrower is and will continue to be duly authorized to borrow under this Agreement and to perform all of the other terms and provisions of the Loan Documents.