Common use of Due Authorization; Approvals Clause in Contracts

Due Authorization; Approvals. The execution and delivery of this Agreement and the Transaction Documents to which the Contributor is a party, and the performance by the Contributor of the Transactions contemplated to be performed by it, have been approved by all necessary partnership action or other proceedings on the part of the Contributor. This Agreement has been duly executed and delivered by an authorized person on behalf of the Contributor and constitutes the legal, valid and binding agreement of the Contributor enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency or other similar Laws affecting enforcement of creditors’ rights and to general principles of equity (the “Enforceability Exceptions”).

Due Authorization; Approvals. The execution and delivery of this Agreement and the Transaction Documents to which the such Contributor is a party, and the performance by the such Contributor of the Transactions contemplated to be performed by it, it have been approved by all necessary partnership action or other proceedings properly entered into on the part of the such Contributor. This Agreement has been duly executed and delivered by an authorized person on behalf of the Contributor and constitutes the legal, valid and binding agreement of the such Contributor enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency or other similar Laws affecting enforcement of creditors’ ' rights and to general principles of equity (the “"Enforceability Exceptions”").