Common use of Legal validity Clause in Contracts

Legal validity. Each Transaction Document to which it is a party constitutes, or will constitute when executed, its valid, legally binding and enforceable obligations in accordance with its terms (subject to any limitation on enforcement under law or general principles of equity or qualifications which are specifically set out in any legal opinion delivered as a Condition Precedent) and that, so far as it is aware having made all due and careful enquiries, each Transaction Document is in full force and effect.

Legal validity. Each Transaction Document to which it is or will be a party constitutes, constitutes or will constitute when executed, its valid, legally binding and enforceable obligations executed in accordance with its terms (subject to any limitation on enforcement under law or general principles will constitute, a legal, valid and binding obligation of equity or qualifications which are specifically set out in any legal opinion delivered as a Condition Precedent) and that, so far as it is aware having made all due and careful enquiries, each Transaction Document is in full force and effectFunding.

Legal validity. Each Transaction Document to which it is or will be a party constitutes, constitutes or will constitute when executed, its valid, legally binding and enforceable obligations executed in accordance with its terms (subject to any limitation on enforcement under law or general principles of equity or qualifications which are specifically set out in any legal opinion delivered as a Condition Precedent) will constitute its legal, valid and that, so far as it is aware having made all due and careful enquiries, each Transaction Document is in full force and effectbinding obligation.

Legal validity. Each Transaction Document to which it is or will be a party constitutes, or will constitute when executed, its valid, legally binding and enforceable obligations executed in accordance with its terms (will constitute, a legal, valid and binding obligation enforceable in accordance with its terms, subject to any limitation on enforcement under law or general principles of equity or qualifications which are specifically set out in any legal opinion delivered as a Condition Precedent) equitable principles, insolvency, liquidation and that, so far as it is aware having made all due and careful enquiries, each Transaction Document is in full force and effectother laws affecting creditors' rights generally.

Legal validity. Each Transaction Document to which it is a party constitutesconstitutes its legal, or will constitute when executed, its valid, legally valid and binding and obligation enforceable obligations in accordance with its terms (terms, subject to any limitation on enforcement under law limitations resulting from laws of administrations, liquidation, insolvency, reorganization or similar laws of general application affecting creditor’s rights and general principles of equity or qualifications which are specifically set out in any legal opinion delivered as a Condition Precedent) and that, so far as it is aware having made all due and careful enquiries, each Transaction Document is in full force and effectequity.

Legal validity. Each Transaction Document to which it is a party constitutes, or will constitute when executed, its valid, legally binding and enforceable obligations in accordance with its terms (subject to any limitation on enforcement under law or general principles of equity or qualifications which are specifically set out in any legal opinion delivered as a Condition Precedent) and that, so far as it is aware having made all due and careful enquiries, each Transaction Document (other than, prior to the Satisfaction Date, the UUOA and the Deed of Reinsurance Assignment) is in full force and effect.