Common use of Authority and Binding Effect Clause in Contracts

Authority and Binding Effect. Seller has all requisite legal and other power and capacity, and has taken all requisite action, to execute and deliver this Agreement and to carry out and perform all of Seller's obligations under this Agreement and this Agreement constitutes the legal, valid and binding obligation of Seller, enforceable in accordance with its terms except as limited by applicable bankruptcy, insolvency, reorganization or similar laws relating to or affecting the enforcement of creditors rights generally and as limited by equitable principles generally.

Authority and Binding Effect. Seller has all requisite legal and other the full power and capacityauthority to enter into, and has taken all requisite action, to execute and deliver this Agreement and to carry out and perform all of Seller's obligations under this Agreement and this hereunder. This Agreement constitutes the legal, valid and binding obligation of Seller, and is enforceable in accordance with its terms except as limited by terms, subject to applicable bankruptcy, insolvencyreorganization, reorganization moratorium or similar laws relating to or affecting the enforcement of creditors creditors' rights generally and as limited by equitable the application of general principles generallyof equity.