Common use of Binding Effect and Noncontravention Clause in Contracts

Binding Effect and Noncontravention. (a) The Transaction Documents to which each Company is a party, when executed and delivered by the applicable company, will constitute a valid and binding obligation of such company, enforceable against such company in accordance with its terms except as such enforceability may be limited by (i) applicable insolvency, bankruptcy, reorganization, moratorium or other similar laws affecting creditors’ rights generally, and (ii) applicable equitable principles (whether considered in a proceeding at law or in equity).

Binding Effect and Noncontravention. (a) The Each Transaction Documents Document to which each Company the Buyer or a Designated Affiliate is a partyparty constitutes, or when executed and delivered by the applicable companywill constitute, will constitute a valid and binding obligation of the Buyer or such company, Designated Affiliate enforceable against the Buyer or such company Designated Affiliate in accordance with its terms terms, except as such enforceability may be limited by (i) applicable insolvency, bankruptcy, reorganization, moratorium or other similar laws Laws affecting creditors’ rights generally, and (ii) applicable equitable principles as appropriate (whether considered in a proceeding at law Law or in equity).

Binding Effect and Noncontravention. (a) The Each Transaction Documents Document to which each the Company is a party, when executed and delivered by the applicable company, will constitute party constitutes a valid and binding obligation of such company, the Company enforceable against such company the Company in accordance with its terms terms, except as such enforceability may be limited by (i) applicable insolvency, bankruptcy, reorganization, moratorium or other similar laws affecting creditors’ rights generally, and (ii) applicable equitable principles (whether considered in a proceeding at law or in equity).

Binding Effect and Noncontravention. (a) The Each Transaction Documents Document to which each the Company is a party, when executed and delivered by the applicable companydelivered, will constitute a valid and binding obligation of such companythe Company, enforceable against such company the Company in accordance with its terms except as such enforceability may be limited by (i) applicable insolvency, bankruptcy, reorganization, moratorium or other similar laws affecting creditors’ rights generally, and (ii) applicable equitable principles (whether considered in a proceeding at law or in equity).

Binding Effect and Noncontravention. (a) The Each of the Transaction Documents to which each the Company is a partyparty constitutes, or when executed and delivered by the applicable companywill constitute, will constitute a valid and binding obligation obligations of such companythe Company, enforceable against such company the Company in accordance with its terms terms, except as such enforceability may be limited by (i) applicable bankruptcy, insolvency, bankruptcyfraudulent conveyance, reorganization, moratorium or other similar laws Laws relating to or affecting the enforcement of creditors’ rights generally, and (ii) applicable equitable principles (whether considered in a proceeding at law or in equity).

Binding Effect and Noncontravention. (a) The Assuming due and valid authorization, execution and delivery by the Buyer, each Transaction Documents Document to which each the Company is a party, when executed and delivered by the applicable company, will constitute party constitutes a valid and binding obligation of such company, the Company enforceable against such company the Company in accordance with its terms terms, except as such enforceability may be limited by (i) applicable insolvency, bankruptcy, reorganization, moratorium moratorium, or other similar laws Laws affecting creditors’ rights generally, generally and (ii) applicable equitable principles (whether considered in a proceeding at law Law or in equity).

Binding Effect and Noncontravention. (a) The Each Transaction Documents Document to which each the Buyer Company is a party, when executed and delivered by the applicable company, will constitute party constitutes a legal valid and binding obligation of such company, the Buyer Company and is enforceable against such company the Buyer Company in accordance with its terms terms, except as such enforceability may be limited by (i) applicable insolvency, bankruptcy, reorganization, moratorium or other similar laws affecting creditors’ rights generally, generally and (ii) applicable equitable principles (whether considered in a proceeding at law or in equity).

Binding Effect and Noncontravention. (a) The Transaction Documents to which each Company is a party, when executed and delivered by the applicable company, will constitute This Agreement constitutes a valid and binding obligation of such company, the Company enforceable against such company the Company in accordance with its terms terms, except as such enforceability may be limited by (i) applicable insolvency, bankruptcy, reorganization, moratorium or other similar laws Laws affecting creditors’ rights generally, generally and (ii) applicable equitable principles (whether considered in a proceeding an Action or Proceeding at law Law or in equity).

Binding Effect and Noncontravention. (a) The Each Transaction Documents Document to which each Company is the Buyer Companies are parties constitutes a party, when executed and delivered by the applicable company, will constitute a legal valid and binding obligation of such company, the Buyer Companies and is enforceable against such company the applicable Buyer Companies in accordance with its terms terms, except as such enforceability may be limited by (i) applicable insolvency, bankruptcy, reorganization, moratorium or other similar laws affecting creditors’ rights generally, generally and (ii) applicable equitable principles (whether considered in a proceeding at law or in equity).