Authorization And Enforceability definition

Authorization And Enforceability. Each of PCI and PAC has taken all necessary corporate actions to authorize the execution, delivery and performance of this Agreement, and the other agreements and documents required to be delivered by it pursuant hereto, including the sale of the PCI Shares by PCI and the sale of the PAC Shares by PAC in accordance with the provisions of this Agreement. Each Purchased Corporation has taken all necessary corporate action to authorize the execution, delivery and performance of those agreements and documents required to be delivered by it pursuant hereto and to authorize the transfer and assignment of the Purchased Shares to the Purchaser in accordance with the provisions of this Agreement. The PCC Limited Partnership has taken all necessary actions to authorize the execution, delivery and performance of those agreements and documents required to be delivered by it pursuant hereto. This Agreement has been duly executed and delivered by each of PCI and PAC and this Agreement constitutes, and all other documents executed and delivered on behalf of PCI, PAC and a Purchased Entity pursuant hereto shall, when executed and delivered, constitute, valid and binding obligations of PCI, PAC and such Purchased Entity enforceable in accordance with their respective terms and conditions, subject to the qualification that such enforceability may be subject to (i) bankruptcy, insolvency, fraudulent preference, reorganization or other laws affecting creditors' rights generally, and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at equity or law).
View Source

Related to Authorization And Enforceability

  • General Enforceability Exceptions has the meaning set forth in Section 4.1.

  • Federally enforceable means all limitations and conditions which are enforceable by the administrator, including those requirements developed pursuant to 40 CFR Parts 60 and 61, requirements within the Montana state implementation plan, and any permit requirement established pursuant to 40 CFR 52.21 or under regulations approved pursuant to 40 CFR 51, Subpart I, including operating permits issued under an EPA approved program that is incorporated into the Montana state implementation plan and expressly requires adherence to any permit issued under such program.

  • Enforceability Limitations means (i) bankruptcy, insolvency, reorganization, moratorium or similar laws now or hereafter in effect affecting or limiting the enforcement of creditors’ rights generally and (ii) the discretion of the appropriate court with respect to specific performance, injunctive relief or other equitable remedies.

  • Validity means being:

  • law enforcement means the prevention, detection or investigation of terrorist offences or other serious criminal offences;