Common use of Due Execution and Enforceability Clause in Contracts

Due Execution and Enforceability. The execution, delivery and performance by and on behalf of each of the Purchasing Entities of this Agreement and the Related Agreements to which it is a party have been duly authorized by all necessary corporate action, and no other action on the part of each of the Purchasing Entities is required in connection therewith. This Agreement constitutes a valid and binding obligation of each of the Purchasing Entities, enforceable against each of them in accordance with its terms, except to the extent the same may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally or by general equitable principles. The Related Agreements to which each of the Purchasing Entities is a party, when executed and delivered by the applicable Purchasing Entity, will constitute valid and binding obligations of the respective Purchasing Entity, enforceable against each of them in accordance with their respective terms, except to the extent the same may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally or by general equitable principles.

Due Execution and Enforceability. The execution, delivery and performance by and on behalf of each of the Purchasing Selling Entities of this Agreement and the Related Agreements to which it is a party have been duly authorized by all necessary corporate action, and no other action corporate authorization on the part of each of the Purchasing Selling Entities is required in connection therewith. This Agreement constitutes a valid and binding obligation of each of the Purchasing Selling Entities, enforceable against each of them in accordance with its terms, except to the extent the same may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally or by general equitable principles. The Related Agreements to which each of the Purchasing Selling Entities is a party, when executed and delivered by the applicable Purchasing Selling Entity, will constitute valid and binding obligations of the respective Purchasing Selling Entity, enforceable against each of them in accordance with their respective terms, except to the extent the same may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally or by general equitable principles.