Common use of Authorization and Enforceability Representations Clause in Contracts

Authorization and Enforceability Representations. The MPF Bank and the MPF Provider each hereby represents to the other party hereto that (i) all necessary corporate and other action has been taken to authorize it to execute, and to perform its obligations under, this Agreement, and (ii) this Agreement is the legal, valid and binding obligation of such party, enforceable against it.

Authorization and Enforceability Representations. The Each of the MPF Bank Banks and the MPF Provider each hereby represents to the other party parties hereto that (i) all necessary corporate and other action has been taken to authorize it to execute, and to perform its obligations under, this Agreement, and (ii) this Agreement is the legal, valid and binding obligation of such party, enforceable against it.