Common use of Legal and Binding Obligation Clause in Contracts

Legal and Binding Obligation. The execution, delivery and performance of this Agreement by Purchaser have been duly authorized by all necessary action, and do not require any member approval or approval or consent of, or notice to, any trustee or holders of indebtedness or obligations of Purchaser; upon due execution and delivery by the parties hereto, this Agreement will constitute the legal, valid and binding obligation of Purchaser, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity, regardless of whether enforceability is considered in a proceeding in equity or at law.

Legal and Binding Obligation. The execution, delivery and performance of this Agreement by Purchaser Seller have been duly authorized by all necessary company action, and do not require any member approval or approval or consent of, or notice to, any trustee or holders of indebtedness or obligations of PurchaserSeller; upon due execution and delivery by the parties hereto, this Agreement will constitute the legal, valid and binding obligation of PurchaserSeller, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity, regardless of whether enforceability is considered in a proceeding in equity or at law.

Legal and Binding Obligation. The execution, delivery and performance of this Agreement by Purchaser Seller have been duly authorized by all necessary company action, and do not require any member stockholder approval or approval or consent of, or notice to, any trustee or holders of indebtedness or obligations of PurchaserSeller; upon due execution and delivery by the parties hereto, this Agreement will constitute the legal, valid and binding obligation of PurchaserSeller, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity, regardless of whether enforceability is considered in a proceeding in equity or at law.