Common use of Exchange Securities Clause in Contracts

Exchange Securities. On the Closing Date, the Exchange Securities will have been duly authorized by the Company and the Guarantor; and when the Exchange Securities are issued, executed and authenticated in accordance with the terms of the Exchange Offer and the Indenture, the Exchange Securities will be entitled to the benefits of the Indenture and will be the valid and legally binding obligations of the Company and the Guarantor, enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.

Exchange Securities. On the Closing Date, the Exchange Securities will have been duly authorized by the Company and the GuarantorGuarantors; and when the Exchange Securities are issued, executed and authenticated in accordance with the terms of the Exchange Offer and the Indenture, the Exchange Securities will be entitled to the benefits of the Indenture and will be the valid and legally binding obligations of the Company and the GuarantorGuarantors, enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.

Exchange Securities. On the Closing Date, the Exchange Securities will have been duly authorized by the Company and the GuarantorGuarantors; and when the Exchange Securities are issued, executed and authenticated in accordance with the terms of the Exchange Offer and the Indenture, the Exchange Securities will be entitled to the benefits of the Indenture and will be the valid and legally binding obligations of the Company and the Guarantor, Guarantors enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.

Exchange Securities. On the Closing Date, the Exchange Securities will have been duly authorized by the Company and the GuarantorGuarantors; and when the Exchange Securities are issued, executed and authenticated in accordance with the terms of the Exchange Offer and the Indenture, the Exchange Securities will be entitled to the benefits of the Indenture and will be the constitute valid and legally binding obligations of the Company and the GuarantorGuarantors, enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.

Exchange Securities. On the Closing Date, the Exchange Securities will have been duly authorized by the Company and the GuarantorCompany; and when the Exchange Securities are issued, executed and authenticated in accordance with the terms of the Exchange Offer Registration Rights Agreement and the Indenture, the Exchange Securities will be entitled to the benefits of the Indenture and will be the a valid and legally binding obligations obligation of the Company and the GuarantorCompany, enforceable in accordance with their terms, subject to its terms except as the enforceability thereof may be limited by the effects of bankruptcy, insolvency, fraudulent transferconveyance, reorganization, moratorium and other similar laws of general applicability relating to or affecting creditors’ rights and to generally, general equity principlesprinciples (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing.

Exchange Securities. On the Closing Date, the Exchange Securities will have been duly authorized by the Company and the GuarantorCompany; and when the Exchange Securities are issued, issued and executed by the Company and authenticated by the Trustee in accordance with the terms of the Exchange Offer and the IndentureIndenture and delivered by the Company, the Exchange Securities will be entitled to the benefits of the Indenture and will be the valid and legally binding obligations of the Company and the GuarantorCompany, enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles.