Common use of Due Authorization; Binding Obligation Clause in Contracts

Due Authorization; Binding Obligation. The execution and delivery of the Indenture Trustee Documents, the consummation of the transactions provided for therein and the authentication of the Notes have been duly authorized by all necessary corporate action on its part, either in its individual capacity or as Indenture Trustee, as the case may be. The Indenture Trustee Documents constitute the legal, valid and binding obligation of the Indenture Trustee enforceable in accordance with their terms, except as enforcement may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditor's rights generally and by the availability of equitable remedies.

Due Authorization; Binding Obligation. The execution and delivery of the Indenture Trustee Documents, the consummation of the transactions provided for therein and the authentication of the Notes have been duly authorized by all necessary corporate action on its part, either in its individual capacity or as Indenture Trustee, as the case may be. The Indenture Trustee Documents constitute the legal, valid and binding obligation of the Indenture Trustee enforceable against the Indenture Trustee in accordance with their terms, except as enforcement may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditor's rights generally and by the availability of equitable remedies.

Due Authorization; Binding Obligation. The execution and delivery of the Indenture Trustee Documents, the consummation of the transactions provided for therein and the authentication of the Notes have been duly authorized by all necessary corporate action on its part, either in its individual capacity or as Indenture Trustee, as the case may be. The Indenture Trustee Documents constitute the legal, valid and binding obligation of the Indenture Trustee enforceable in accordance with their terms, except as enforcement may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditor's ’s rights generally and by the availability of equitable remedies.