Common use of Due Execution and Validity Clause in Contracts

Due Execution and Validity. This Agreement has been duly and validly executed by Seller and delivered to Buyer, and constitutes the legal, valid and binding agreement of Seller, enforceable against Seller in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws affecting creditors’ rights generally. Upon execution and delivery at the Closing by Seller, each other Transaction Document to which it is a party will be duly and validly executed and delivered by Seller, and will constitute (assuming, in each case, the due authorization, execution and delivery by each other party or parties thereto) Seller’s legal, valid and binding obligation, enforceable against Seller in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws affecting creditors’ rights generally.

Appears in 1 contract

Samples: Purchase Agreement (First Reserve Gp X Inc)

AutoNDA by SimpleDocs

Due Execution and Validity. This Agreement has been duly and validly executed by Seller Buyer and delivered to Buyer, Seller and constitutes the legal, valid and binding agreement obligation of SellerBuyer, enforceable against Seller Buyer in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws affecting creditors’ rights generally. Upon execution and delivery at the Closing by SellerBuyer, each other Transaction Document to which it Buyer is, or is specified to be, a party party, will be duly and validly executed and delivered by SellerBuyer, and will constitute (assuming, in each case, the due authorization, execution and delivery by each other party or parties thereto) SellerBuyer’s legal, valid and binding obligation, enforceable against Seller it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws affecting creditors’ rights generally.

Appears in 1 contract

Samples: Purchase Agreement (First Reserve Gp X Inc)

Due Execution and Validity. This Agreement has been duly and validly executed by Seller and delivered to each Buyer, and constitutes the legal, valid and binding agreement of Seller, enforceable against Seller in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws affecting creditors' rights generally. Upon execution and delivery at the Closing by Seller, each other Transaction Document to which it Seller is, or is specified to be, a party party, will be duly and validly executed and delivered by Seller, and will constitute (assuming, in each case, the due authorization, execution and delivery by each other party or parties thereto) Seller’s 's legal, valid and binding obligation, enforceable against Seller in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Purchase Agreement (Pacific Energy Partners Lp)

AutoNDA by SimpleDocs

Due Execution and Validity. This Agreement has been duly and validly executed by Seller such Buyer and delivered to Buyer, Seller and constitutes the legal, valid and binding agreement obligation of Sellersuch Buyer, enforceable against Seller such Buyer in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws affecting creditors' rights generally. Upon execution and delivery at the Closing by Sellersuch Buyer, each other Transaction Document to which it such Buyer is, or is specified to be, a party party, will be duly and validly executed and delivered by Sellersuch Buyer, and will constitute (assuming, in each case, the due authorization, execution and delivery by each other party or parties thereto) Seller’s such Buyer's legal, valid and binding obligation, enforceable against Seller it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws affecting creditors' rights generally.

Appears in 1 contract

Samples: Purchase Agreement (Pacific Energy Partners Lp)

Time is Money Join Law Insider Premium to draft better contracts faster.