Common use of Corporate Authorization; Binding Effect Clause in Contracts

Corporate Authorization; Binding Effect. The execution, delivery and performance by Assignee of this Agreement, and all of the other documents and instruments required hereby from Assignee, and the consummation of the transactions contemplated hereby by Assignee, have been duly and validly authorized by all necessary action on the part of Assignee. This Agreement has been duly executed and delivered by Assignee. This Agreement is, and the other documents and instruments required hereby to which Assignee is a party will be, when executed and delivered by the parties thereto, the legal, valid and binding obligations of Assignee, enforceable against Assignee in accordance with their respective terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.

Corporate Authorization; Binding Effect. The execution, delivery and performance by Assignee Assignor of this Agreement, and all of the other documents and instruments required hereby from AssigneeAssignor, and the consummation of the transactions contemplated hereby by AssigneeAssignor, have been duly and validly authorized by all necessary corporate action on the part of AssigneeAssignor. This Agreement has been duly executed and delivered by AssigneeAssignor. This Agreement is, and the other documents and instruments required hereby to which Assignee Assignor is a party will be, when executed and delivered by the parties thereto, the legal, valid and binding obligations of AssigneeAssignor, enforceable against Assignee Assignor in accordance with their respective terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.