Common use of Due Authorization; Binding Agreement Clause in Contracts

Due Authorization; Binding Agreement. The execution, delivery and performance of this Agreement and the Related Documents by such Party have been duly authorized by all necessary corporate or organizational action. This Agreement and the Related Documents are legal and valid obligations binding on such Party and enforceable in accordance with their respective terms subject to the effects of bankruptcy, insolvency or other laws of general application affecting the enforcement of creditor rights and judicial principles affecting the availability of specific performance and general principles of equity, whether enforceability is considered in the proceeding at law or equity.

Due Authorization; Binding Agreement. The execution, delivery and performance of this This Agreement and the Related Documents by such Party have has been duly authorized by all necessary corporate or organizational action. This Agreement executed and the Related Documents are legal and valid obligations binding delivered on behalf of such Party and constitutes a legal, valid and binding obligation of such Party and is enforceable against it in accordance with their respective the terms hereof subject to the effects of bankruptcy, insolvency or other laws of general application affecting the enforcement of creditor rights and judicial principles affecting the availability of specific performance and general principles of equity, whether enforceability is considered in the a proceeding at law or equity.

Due Authorization; Binding Agreement. The execution, delivery and performance Each of the parties to this Agreement represents that this Agreement has been duly authorized, executed and the Related Documents delivered by such Party have been duly authorized by all necessary corporate or organizational actionparty and constitutes the legal, valid and binding obligation of such party enforceable against it in accordance with its terms. This Agreement shall be binding upon and inure to the Related Documents are legal benefit of the parties hereto and valid obligations binding on such Party and enforceable in accordance with their respective terms subject to the effects of bankruptcyEstates, insolvency or other laws of general application affecting the enforcement of creditor rights heirs, executors, legal representatives, successors and judicial principles affecting the availability of specific performance and general principles of equity, whether enforceability is considered in the proceeding at law or equitypermitted assigns.