Common use of Due Execution; Binding Obligation Clause in Contracts

Due Execution; Binding Obligation. This Agreement has been duly executed and delivered on behalf of the Grantor, and this Agreement constitutes a legal, valid and binding obligation of Grantor, enforceable against Grantor in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and except as enforceability may be subject to general principles of equity, whether such principles are applied in a court of equity or at law.