Legal, Valid and Binding Obligations. This Agreement constitutes the legal, valid and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, moratorium and other laws affecting the rights of creditors generally and by general principles of equity.
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Samples: Subscription Agreement (Dynegy Inc /Il/), Subscription Agreement (Illinova Corp), Preferred Stock Subscription Agreement (Dynegy Inc /Il/)
Legal, Valid and Binding Obligations. This Agreement constitutes the a legal, valid and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, moratorium and other laws affecting the rights of creditors generally and by general principles of equity.
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