Legal, Valid and Binding Obligations. This Agreement has been duly executed and delivered by it and constitutes its legal, valid and binding obligation enforceable against it in accordance with its terms except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting the rights of creditors generally and by general principles of equity regardless of whether enforcement is pursuant to a proceeding in equity or at law.
Appears in 2 contracts
Samples: Investment Agreement (Old Dominion Electric Cooperative), Payment Undertaking Agreement (Old Dominion Electric Cooperative)
Legal, Valid and Binding Obligations. This Agreement has been duly executed and delivered by it and constitutes its legal, valid and binding obligation enforceable against it in accordance with its terms except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting it or the rights of its creditors generally and by general principles of equity applicable to it or its creditors regardless of whether enforcement is pursuant to a proceeding in equity or at law.
Appears in 1 contract
Legal, Valid and Binding Obligations. This Each of this Agreement and the Acknowledgment has been duly executed and delivered by it and constitutes its legal, valid and binding obligation enforceable against it in accordance with its terms except as such enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium, and other similar laws affecting the rights of creditors generally and by general principles of equity regardless of whether enforcement is pursuant to a proceeding in equity or at law.
Appears in 1 contract
Samples: Payment Undertaking Agreement (Old Dominion Electric Cooperative)
