Capacity, Execution of Agreements. Unistar has full right, power and authority to enter into this Agreement and to consummate the transactions contemplated hereby, including the Rights Offering, and has taken all necessary action to authorize the execution, delivery and performance of this Agreement. Upon execution and delivery of this Agreement, this Agreement will constitute a valid and binding obligation of Unistar, enforceable in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors' and contracting parties' rights generally, and except as enforceability may be subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).
Capacity, Execution of Agreements. Executone has full right, power and authority to enter into this Agreement and to consummate the transactions contemplated hereby, including the Rights Offering, and has taken all necessary action to authorize the execution, delivery and performance of this Agreement. Upon execution and delivery of this Agreement, this Agreement will constitute a valid and binding obligation of Executone, enforceable in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors' and contracting parties' rights generally, and except as enforceability may be subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).
Capacity, Execution of Agreements. Each Purchaser has all requisite power, authority and capacity to enter into this Agreement and to perform the transactions and obligations to be performed by such Purchaser hereunder. This Agreement constitutes a valid and legally binding agreement of each Purchaser, enforceable in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws of the United States (both state and federal), affecting the enforcement of creditors’ rights or remedies in general from time to time in effect and the exercise by courts of equity powers or their application of principles of public policy.
