Common use of Statements of the Parties Clause in Contracts

Statements of the Parties. All Parties to this Agreement have all requisite power and authority to execute and perform this Agreement and carry out the transactions contemplated hereunder and this Agreement, when executed, will constitute a valid and binding obligation of the Parties enforceable in accordance with its terms. Neither this Agreement nor any term hereof or, in whole or in part, the transactions contemplated in this Agreement, may be declared null and void or ineffective for a reason attributable to a Party to this Agreement.