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Organization and Authority
Organization and Authority contract clause examples

Organization and Authority. Purchaser has been duly organized and is validly existing and in good standing under the laws of the state of its formation. Purchaser has the full right and authority to enter into this Agreement and to consummate or cause to be consummated the transaction contemplated by this Agreement and the execution, delivery and performance of this Agreement has been authorized by all necessary corporate, limited liability company or partnership action and this Agreement is a legal, valid and binding obligation of Purchaser and is enforceable against Purchaser in accordance with its terms. The person signing this Agreement on behalf of Purchaser is authorized to do so. No consent of any partner, shareholder, creditor, investor, judicial or administrative body, governmental or quasi-governmental authority or other third party is required for Purchaser to enter into this Agreement and to consummate the transactions contemplated hereby.

Organization and Authority. Purchaser has been duly 1">organized1">organized, is validly existing, and is3"> validly existing and in good standing 5">under the laws of5">in the state 7">of its formation.7">in which it was formed. Purchaser has the full right and authority9"> and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the 11">transaction11">transactions contemplated 13">by this Agreement and the execution, delivery and performance of this13">hereby. This Agreement has 15">been15">been, and all of the documents to be delivered by Purchaser at the Closing will be, authorized 17">by all necessary corporate, limited liability company17">and properly executed and constitute, or 19">partnership action and this Agreement is a legal,19">will constitute, as appropriate, the valid and binding obligation of 21">Purchaser and is enforceable against Purchaser in accordance with its terms. The person signing this Agreement on behalf of Purchaser is authorized to do so. No consent of any partner, shareholder, creditor, investor, judicial or administrative body, governmental or quasi-governmental authority or other third party is required for Purchaser to enter into this Agreement and to consummate the transactions contemplated hereby.21">Purchaser.

Organization and Authority. Purchaser has been duly organized and is validly 1">existing and in good standing under the laws of the state of its formation.1">existing. Purchaser has the full right and authority3"> and has obtained any and all consents required to enter into this Agreement and to consummate or cause to be consummated the 5">transaction5">transactions contemplated 7">by this Agreement and the execution, delivery and performance of this7">hereby. This Agreement has 9">been9">been, and all of the documents to be delivered by Purchaser at the Closing will be, authorized 11">by all necessary corporate, limited liability company11">and properly executed and constitutes, or 13">partnership action and this Agreement is a legal,13">will constitute, as appropriate, the valid and binding obligation of 15">Purchaser and is15">Purchaser, enforceable17"> against Purchaser in accordance with 19">its19">their terms.21"> The person signing this Agreement on behalf of Purchaser is authorized to do so. No consent of any partner, shareholder, creditor, investor, judicial or administrative body, governmental or quasi-governmental authority or other third party is required for Purchaser to enter into this Agreement and to consummate the transactions contemplated hereby.

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