Common use of Authorization and Effect Clause in Contracts

Authorization and Effect. 8.3.3 The execution and delivery by FIS of this Agreement and the fulfillment of its obligations under this Agreement have been duly authorized by all necessary corporate action on the part of FIS. This Agreement has been duly executed and delivered by FIS and, assuming the due execution and delivery of this Agreement by Client, constitutes a valid and binding obligation of FIS, except as the same may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or affecting the enforcement of creditor’s rights generally, and subject to the qualification that general equitable principles may limit the enforcement of certain remedies, including the remedy of specific performance.

Authorization and Effect. 8.3.3 (a) The execution and delivery by FIS of this Agreement and the fulfillment of its obligations under this Agreement have been duly authorized by all necessary corporate action on the part of FIS. This Agreement has been duly executed and delivered by FIS and, assuming the due execution and delivery of this Agreement by Client, constitutes a valid and binding obligation of FIS, except as the same may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or affecting the enforcement of creditor’s rights generally, and subject to the qualification that general equitable principles may limit the enforcement of certain remedies, including the remedy of specific performance.