Common use of Binding Agreement; Authority Clause in Contracts

Binding Agreement; Authority. Arbinet hereby represents and warrants that this Agreement has been duly authorized, executed and delivered by Arbinet, and is a valid and binding obligation of Arbinet, enforceable against Arbinet in accordance with its terms. Each of the Stockholders represents and warrants that this Agreement has been duly authorized, executed and delivered by such Stockholder, and is a valid and binding obligation of such Stockholder, enforceable against such Stockholder in accordance with its terms.

Binding Agreement; Authority. Arbinet hereby represents and warrants that this Agreement has been duly authorized, executed and delivered by Arbinet, and is a valid and binding obligation of Arbinet, enforceable against Arbinet in accordance with its terms. Each of the Stockholders The Stockholder represents and warrants that this Agreement has been duly authorized, executed and delivered by such the Stockholder, and is a valid and binding obligation of such the Stockholder, enforceable against such the Stockholder in accordance with its terms.