Power to Execute Clause Samples
The "Power to Execute" clause establishes that a party has the legal authority and capacity to enter into and perform the obligations set out in the agreement. This typically means that the individual signing on behalf of a company or organization is duly authorized, and that the entity itself is validly existing and empowered to undertake the contract. For example, it ensures that a company officer or director is not acting outside their scope of authority when binding the company. The core function of this clause is to prevent disputes over whether a party was properly authorized to execute the agreement, thereby ensuring the contract is valid and enforceable.
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Power to Execute. The Guarantor hereby warrants, represents and covenants with each Holder that it has all corporate power, and has taken all necessary corporate or other steps, to enable it to execute, deliver and perform this Guarantee, and that this Guarantee constitutes a legal, valid and binding obligation of the Guarantor enforceable in accordance with its terms.
Power to Execute. The individual signing this Agreement on behalf of the Facility certifies that s/he has full authority to execute the same on behalf of the Facility and that this Agreement has been duly authorized, executed and delivered by the Facility and is binding upon the Facility in accordance with its terms.
Power to Execute. The individual signing this Agreement on behalf of the Contractor certifies that s/he has full authority to execute the same on behalf of the Contractor and that this Agreement has been duly authorized, executed and delivered by the Contractor and is binding upon the Contractor in accordance with its terms.
Power to Execute. The Guarantor hereby warrants, represents and covenants with each Holder that it has all corporate power, and has taken all necessary corporate or other steps, to enable it to execute, deliver and perform this Guarantee, and that this Guarantee constitutes a legal, valid and binding obligation of the Guarantor, enforceable in accordance with its terms subject to applicable bankruptcy, reorganisation, insolvency, fraudulent transfer, moratorium and other similar laws affecting creditor's rights generally from time to time in effect, and to general principles of equity, regardless of whether considered in a proceeding in law or at equity.
Power to Execute. Each person executing this Agreement on behalf of a Party, by his or her execution hereof, represents and warrants that they are fully authorized to do so, and that no further action or consent on the part of the party for whom they are acting is required for the effectiveness or enforceability of this Agreement against such party following such execution.
Power to Execute. The board of directors, board of managers, or other appropriate governing body of each Debtor has authorized the transactions contemplated by and referred to in this Security Agreement and the consummation of such transactions. Each Debtor represents and warrants that it has full corporate, partnership or limited liability company power in accordance with applicable law to execute this Security Agreement and perform any obligations described in, contemplated by or referred to in this Security Agreement and such execution and performance by it will not conflict with its charter or bylaws, or any other document or instrument to which it is a party or to which it is subject, bound or affected.
Power to Execute. The individual signing this Agreement on behalf of the Service Provider certifies that s/he has full authority to execute the same on behalf of the Service Provider, and that this Agreement has been duly authorized, executed, and delivered by the Service Provider and is binding upon the Service Provider in accordance with the terms.
Power to Execute. Both parties warrant they have the power and authorization to execute this Agreement and any other documents executed pursuant to this Agreement. This contract will go into effect and shall be fully enforceable when signed by authorized representatives of all parties involved. This contract may be subject to ratification after it becomes effective. If this contract is submitted for ratification at the next scheduled meeting of the North Sound BH-ASO Board of Directors (“the Board”) and is not ratified by the Board, North Sound BH-ASO will terminate the contract either immediately or within a reasonable amount of time at North Sound BH-ASO’s discretion.
Power to Execute. The General Partner may execute on its own behalf and as attorney for each Limited Partner and the Partnership, all documents reasonably necessary to give effect to any resolutions passed by the Partners in accordance with this Article.
Power to Execute. The Shareholder has the requisite power and authority to execute this Agreement and to sell, assign, transfer and deliver the Repurchase Shares to the Company pursuant to this Agreement. This Agreement is a valid and binding obligation of the Shareholder, enforceable against the Shareholder in accordance with its terms.