Common use of Power and Authority; Effect of Agreement Clause in Contracts

Power and Authority; Effect of Agreement. Seller has the requisite power and authority to execute and deliver this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance by Seller of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary company action. This Agreement is a valid and binding obligation of Seller, enforceable against Seller in accordance with the terms hereof, except as enforceability may be limited by bankruptcy, insolvency, moratorium, fraudulent conveyance and other similar laws affecting creditors’ rights generally and by general principles of equity (the “Bankruptcy and Equity Exception”).

Power and Authority; Effect of Agreement. Seller has The sale of the requisite power and authority to execute and deliver this AgreementShares, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance by the Seller of this Agreement and the consummation by the Seller of the transactions contemplated hereby herein have been duly authorized by all necessary company actionaction on the part of the Seller. This Agreement is has been duly and validly executed and delivered by the Seller and constitutes a valid and binding obligation of the Seller, enforceable against Seller the Seller, in accordance with the terms hereofits terms, except as to the extent that such enforceability may be limited by bankruptcy, insolvency, moratoriumreorganization, fraudulent conveyance and moratorium or other similar laws affecting relating to creditors’ ' rights generally and by is subject to general principles of equity (the “Bankruptcy and Equity Exception”)equity.

Power and Authority; Effect of Agreement. Seller has The sale of the requisite power and authority to execute and deliver this AgreementEquipment, to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance by the Seller of this Agreement and the consummation by the Seller of the transactions contemplated hereby herein have been duly authorized by all necessary company actionaction on the part of the Seller. This Agreement is has been duly and validly executed and delivered by the Seller and constitutes a valid and binding obligation of the Seller, enforceable against Seller the Seller, in accordance with the terms hereofits terms, except as to the extent that such enforceability may be limited by bankruptcy, insolvency, moratoriumreorganization, fraudulent conveyance and moratorium or other similar laws affecting relating to creditors’ ' rights generally and by is subject to general principles of equity (the “Bankruptcy and Equity Exception”)equity.