Common use of Obligations are Enforceable Clause in Contracts

Obligations are Enforceable. Each Obligor has duly authorized each Amendment Document to which it is a party by all necessary corporate or other action on its part. The Amendment Documents have been executed and delivered by one or more duly authorized officers of each Obligor party thereto, and each Financing Document constitutes a legal, valid and binding obligation of each Obligor party thereto, enforceable in accordance with its terms, except that the enforceability thereof may be: (i) limited by applicable bankruptcy, reorganization, arrangement, insolvency, moratorium, or other similar laws affecting the enforceability of creditors' rights generally; and (ii) subject to the availability of equitable remedies.

Obligations are Enforceable. Each Obligor has duly authorized by all necessary action on its part each Amendment Document of the Financing Documents to which it is a party by all necessary corporate or other action on its partparty. The Amendment Documents have Each such Financing Document has been executed and delivered by one or more duly authorized officers of each Obligor which is or purports to be a party thereto, and each Financing Document constitutes a legal, valid and binding obligation of each such Obligor party thereto, enforceable in accordance with its terms, except that the enforceability thereof may bethat: (i) the enforceability thereof may be limited by applicable bankruptcy, reorganization, arrangement, insolvency, moratorium, or other similar laws affecting the enforceability of creditors' rights generally; and (ii) generally and subject to the availability of equitable remedies; and (ii) rights to indemnity and contribution contained therein may be limited by applicable law or public policy.

Obligations are Enforceable. Each Obligor has duly authorized by all necessary action on its part each Amendment Document of the Financing Documents to which it is a party by all necessary corporate or other action on its partparty. The Amendment Each of the Financing Documents have has been executed and delivered by one or more duly authorized officers of each Obligor which is a party thereto, and each Financing . Each Transaction Document constitutes a legal, valid and binding obligation of each Obligor party theretosuch Obligor, enforceable in accordance with its terms, except that the enforceability thereof may bethat: (i) the enforceability thereof may be limited by applicable bankruptcy, reorganization, arrangement, insolvency, moratorium, or other similar laws affecting the enforceability of creditors' rights generally; and (ii) generally and subject to the availability of equitable remedies; and (ii) rights to indemnity and contribution contained therein may be limited by applicable law or public policy.