Common use of Execution and Effect of Agreement Clause in Contracts

Execution and Effect of Agreement. The Buyer has the power and authority to enter into this Agreement and each of the other Transaction Documents to which it is a party, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by the Buyer of this Agreement and each of the other Transaction Documents to which it is a party and the consummation by the Buyer of the transactions contemplated hereby and the Transaction Documents have been duly authorized by all necessary action on the part of the Buyer, and no other proceeding, approval or authorization on the part of the Buyer is necessary to authorize the execution, delivery and performance of this Agreement or any other Transaction Document and the transactions contemplated hereunder and under the Transaction Documents. This Agreement and each Transaction Document to which the Buyer is a party have been duly executed and delivered by the Buyer and constitute the legal, valid and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms, except as limited by the Bankruptcy and Equity Exceptions.

Execution and Effect of Agreement. The Buyer has the full right, power and authority (corporate or otherwise) to enter into execute and deliver this Agreement and each of the other Transaction Documents Operative Agreements to which it is a party, to perform its obligations hereunder and thereunder thereunder, and to consummate the transactions contemplated hereby and thereby. The execution and delivery by the Buyer of this Agreement and each of the other Transaction Documents Operative Agreements to which it is a party by Buyer and the consummation by the Buyer of the transactions contemplated hereby and the Transaction Documents thereby have been duly authorized by all necessary action (corporate or otherwise) on the part of the Buyer, and no other proceeding, approval or authorization proceeding on the part of the Buyer is necessary to authorize the execution, delivery and performance of this Agreement or any other Transaction Document and the Operative Agreements to which it is a party, and the transactions contemplated hereunder hereby and under the Transaction Documentsthereby. This Agreement and each Transaction Document the Operative Agreements to which the Buyer it is a party have been duly executed and delivered by the Buyer and constitute the legal, valid and binding obligation of the Buyer, enforceable against the Buyer it in accordance with its terms, except as limited by subject to the Bankruptcy and Equity Exceptions.

Execution and Effect of Agreement. The Buyer has the power and authority to enter into this Agreement and each of the other Transaction Documents to which it is a party, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by the Buyer of this Agreement and each of the other Transaction Documents to which it is a party and the consummation by the Buyer of the transactions contemplated hereby and the Transaction Documents thereby have been duly authorized by all necessary action on the part of the Buyer, and no other proceeding, approval or authorization on the part of the Buyer is necessary to authorize the execution, delivery and performance of this Agreement or any other Transaction Document and the transactions contemplated hereunder and under the other Transaction Documents. This Agreement and each other Transaction Document to which the Buyer is a party have has been duly executed and delivered by the Buyer and constitute constitutes the legal, valid and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms, except as limited by the Bankruptcy and Equity Exceptions.