Common use of Power; Enforceability Clause in Contracts

Power; Enforceability. The Stockholder has all requisite power and authority to execute and deliver this Agreement and to perform his obligations hereunder and otherwise consummate the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the Stockholder, and constitutes a valid and binding obligation of the Stockholder enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors' rights generally.

Power; Enforceability. The Stockholder has all requisite power and authority to execute and deliver this Agreement and to perform his obligations hereunder and otherwise consummate the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by the Stockholder, and constitutes a valid and binding obligation of the Stockholder enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors' ’ rights generally.