Common use of Due Authorization of Owner; Binding Obligation Clause in Contracts

Due Authorization of Owner; Binding Obligation. Its execution, delivery and performance of this Agreement has been duly and effectively authorized by the requisite action on the part of its governing board. This Agreement constitutes its legal, valid and binding obligations, enforceable against it in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other Laws affecting the rights of creditors generally and by general principles of equity.

Due Authorization of Owner; Binding Obligation. Its The execution, delivery and performance of this Agreement by Owner has been duly and effectively authorized by the requisite action on the part of its such Owner’s governing board. This Agreement constitutes its the legal, valid and binding obligationsobligations of such Owner, enforceable against it such Owner in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other Laws laws affecting the rights of creditors generally and by general principles of equity.

Due Authorization of Owner; Binding Obligation. Its The execution, delivery and performance of this Agreement has by Owner have been duly and effectively authorized by the requisite action on the part of its such Owner’s governing board. This Agreement constitutes its the legal, valid and binding obligationsobligations of such Owner, enforceable against it such Owner in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other Laws affecting the rights of creditors generally and by general principles of equity.