Common use of Existence and Good Standing; Power and Authority Clause in Contracts

Existence and Good Standing; Power and Authority. The Investor has the legal power and authority to enter into, execute and deliver this Agreement and perform his obligations hereunder. This Agreement has been duly authorized and approved by the Investor and is a valid and binding obligation of the Investor enforceable against the Investor in accordance with its terms, except to the extent that its enforceability may be subject to applicable bankruptcy, insolvency, reorganization, moratorium and other similar laws effecting the enforcement of creditors' rights generally and by general equitable principles.

Existence and Good Standing; Power and Authority. The Investor has the legal power and authority to enter into, execute and deliver this Agreement and perform his her obligations hereunder. This Agreement has been duly authorized and approved by the Investor and is a valid and binding obligation of the Investor enforceable against the Investor in accordance with its terms, except to the extent that its enforceability may be subject to applicable bankruptcy, insolvency, reorganization, moratorium and other similar laws effecting the enforcement of creditors' rights generally and by general equitable principles.