Common use of Power, Authorization and Enforceability Clause in Contracts

Power, Authorization and Enforceability. (a) The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has the power, authority and capacity to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the transactions contemplated hereby. All consents, orders, approvals and other authorizations, whether governmental, corporate or otherwise, necessary for such execution, delivery and performance by the Company of this Agreement and the transactions contemplated hereby have been obtained and are in full force and effect. (b) This Agreement has been duly executed and delivered by the Company and constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.

Appears in 4 contracts

Sources: Share Repurchase Agreement (SeaWorld Entertainment, Inc.), Share Repurchase Agreement (SeaWorld Entertainment, Inc.), Share Repurchase Agreement (SeaWorld Entertainment, Inc.)

Power, Authorization and Enforceability. (a) The Company It is a corporation limited partnership duly organizedformed, validly existing and in good standing under the laws of the State of Delaware and has the power, authority and capacity to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the transactions contemplated hereby. All consents, orders, approvals and other authorizations, whether governmental, corporate or otherwise, necessary for such execution, delivery and performance by the Company it of this Agreement and the transactions contemplated hereby have been obtained and are in full force and effect. (b) This Agreement has been duly executed and delivered by the Company it and constitutes a its legal, valid and binding obligation of the Companyobligation, enforceable against the Company it in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.

Appears in 4 contracts

Sources: Share Repurchase Agreement (SeaWorld Entertainment, Inc.), Share Repurchase Agreement (SeaWorld Entertainment, Inc.), Share Repurchase Agreement (SeaWorld Entertainment, Inc.)

Power, Authorization and Enforceability. (a) The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has the power, authority and capacity to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the transactions contemplated hereby. All consents, orders, approvals and other authorizations, whether governmental, corporate or otherwise, necessary for such execution, delivery and performance by the Company of this Agreement and the transactions contemplated hereby have been obtained and are in full force and effect. (b) This Agreement has been duly executed and delivered by the Company and constitutes a its legal, valid and binding obligation of the Companyobligation, enforceable against the Company it in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.

Appears in 1 contract

Sources: Share Repurchase Agreement (Alamo Group Inc)

Power, Authorization and Enforceability. (a) The Company is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the State Republic of Delaware The ▇▇▇▇▇▇▇▇ Islands and has the power, authority and capacity to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the transactions contemplated hereby. All consents, orders, approvals and other authorizations, whether governmental, corporate or otherwise, necessary for such execution, delivery and performance by the Company of this Agreement and the transactions contemplated hereby have been obtained and are in full force and effect. (b) This Agreement has been duly executed and delivered by the Company and constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization and other similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.

Appears in 1 contract

Sources: Note Repurchase Agreement (International Seaways, Inc.)