Power to Contract. Each Vendor and Covenantor (as defined in the Tax Deed) has full power to enter into and perform this Agreement and the Tax Deed respectively and this Agreement constitutes, and the Tax Deed when executed will constitute, binding obligations on each Vendor or Covenantor (as the case may be) in accordance with their terms.
Appears in 2 contracts
Sources: Share Purchase Agreement (Seacor Smit Inc), Share Purchase Agreement (Phone Com Inc)
Power to Contract. Each Vendor and Covenantor (as defined in the Tax Deed) has full power to enter into and perform this Agreement and the Tax Deed respectively and this Agreement constitutes, and the Tax Deed when executed will constitute, constitute a binding obligations obligation on each Vendor or Covenantor (as the case may be) in accordance with their its terms.
Appears in 1 contract