Common use of Due Authorization and Binding Obligation Clause in Contracts

Due Authorization and Binding Obligation. This Agreement has been duly authorized, executed and delivered by the Beneficial Owner, and is the valid, binding and enforceable obligation of the Beneficial Owner except as the same may be limited by insolvency, bankruptcy, reorganization or other laws relating to or affecting the enforcement of creditors' rights or by general equity principles;

Due Authorization and Binding Obligation. The Owner has duly authorized the execution and delivery of this Agreement. This Agreement has been duly authorized, executed and delivered by the Beneficial OwnerOwner and constitutes a legal, valid and is the valid, binding and enforceable obligation of the Beneficial Owner, enforceable against the Owner in accordance with its terms except insofar as the same such enforcement may be limited affected by bankruptcy, insolvency, bankruptcy, reorganization or moratorium and other laws relating to or affecting the enforcement of creditors' ’ rights or by general equity principles;generally.