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 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 corporate authorization on the part of each of the Selling Entities is required in connection therewith. This Agreement constitutes a valid and binding obligation of each of the 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 Selling Entities is a party, when executed and delivered by the applicable Selling Entity, will constitute valid and binding obligations of the respective 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.

Due Execution and Enforceability. The execution, delivery and performance by and on behalf of each of the Selling 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 corporate authorization action on the part of each of the Selling Purchasing Entities is required in connection therewith. This Agreement constitutes a valid and binding obligation of each of the Selling 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 Selling Purchasing Entities is a party, when executed and delivered by the applicable Selling Purchasing Entity, will constitute valid and binding obligations of the respective Selling 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.