Common use of Due Execution and Enforceability Clause in Contracts

Due Execution and Enforceability. This Agreement and each other Ancillary Agreement to which each of CAC and Growth Partners is or will be a party has been duly and validly executed and delivered by such Party and, assuming the due authorization, execution and delivery of this Agreement and each respective Ancillary Agreement by the Caesars Parties, respectively, constitutes the legal, valid and binding obligation of each of CAC and Growth Partners, enforceable against each of them in accordance with its terms, subject to the effect of any applicable Laws relating to bankruptcy, reorganization, insolvency, moratorium, fraudulent conveyance or preferential transfers, or similar Laws relating to or affecting creditors’ rights generally and subject, as to enforceability, to the effect of general principles of equity (regardless of whether such enforceability is considered in a proceeding at equity or at Law).

Due Execution and Enforceability. This Agreement and each other Ancillary Agreement to which each of CAC and Growth Partners Caesars Party is or will be a party has been duly and validly executed and delivered by such Caesars Party and, assuming the due authorization, execution and delivery of this Agreement and each respective Ancillary Agreement by the Caesars PartiesCAC and Growth Partners, respectively, constitutes the legal, valid and binding obligation of each of CAC and Growth Partnerssuch Caesars Party, enforceable against each of them in accordance with its terms, subject to the effect of any applicable Laws relating to bankruptcy, reorganization, insolvency, moratorium, fraudulent conveyance or preferential transfers, or similar Laws relating to or affecting creditors’ rights generally and subject, as to enforceability, to the effect of general principles of equity (regardless of whether such enforceability is considered in a proceeding at equity or at Law).