Common use of Valid and Binding Obligation Clause in Contracts

Valid and Binding Obligation. This Amendment has been duly and validly executed and delivered by such Sponsor and, assuming this Amendment has been duly and validly authorized, executed and delivered by all other Persons party hereto, constitutes a legal, valid and binding obligation of such Sponsor, enforceable against such Sponsor in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar Laws relating to or affecting the enforcement of creditors’ rights in general and by general principles of equity.

Valid and Binding Obligation. This Amendment has been duly and validly executed and delivered by such Sponsor Person and, assuming this Amendment has been duly and validly authorized, executed and delivered by all other Persons the Sponsors party hereto, constitutes a legal, valid and binding obligation of such SponsorPerson, enforceable against such Sponsor Person in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar Laws relating to or affecting the enforcement of creditors’ rights in general and by general principles of equity.