Common use of Valid, Binding and Enforceable Obligations Clause in Contracts

Valid, Binding and Enforceable Obligations. Each of this Agreement and the other Closing Documents to which Buyer is or will be a party has been, or will be on the Closing Date, as the case may be, duly and validly executed by Buyer and constitutes, or will when executed constitute, a valid, binding, and enforceable obligation, enforceable against Buyer in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors' rights and the enforcement of debtors' obligations generally and by general principles of equity, regardless of whether enforcement is pursuant to a proceeding in equity or at law.

Appears in 2 contracts

Samples: Agreement (Ridgewood Electric Power Trust Iv), Acquisition Agreement (Ridgewood Electric Power Trust Ii)

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Valid, Binding and Enforceable Obligations. Each of this Agreement and the other Closing Documents to which Buyer Seller is or will be a party has been, or will be on the Closing Date, as the case may be, duly and validly executed by Buyer Seller and constitutes, or will constitute when executed constituteexecuted, a valid, binding, and enforceable obligation, enforceable against Buyer Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors' rights and the enforcement of debtors' obligations generally and by general principles of equity, regardless of whether enforcement is pursuant to a proceeding in equity or at law.

Appears in 2 contracts

Samples: Acquisition Agreement (Ridgewood Electric Power Trust Ii), Agreement (Ridgewood Electric Power Trust Iv)

Valid, Binding and Enforceable Obligations. Each of this Agreement and the other Closing Documents to which Buyer the Seller is or will be a party has been, or will be on the Closing Date, as the case may be, duly and validly executed by Buyer the Seller and constitutes, or will constitute when executed constituteexecuted, a valid, binding, and enforceable obligation, enforceable against Buyer the Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors' " rights and the enforcement of debtors' " obligations generally and by general principles of equity, regardless of whether enforcement is pursuant to a proceeding in equity or at law.

Appears in 1 contract

Samples: Acquisition Agreement (Ridgewood Electric Power Trust I)

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Valid, Binding and Enforceable Obligations. Each of this Agreement and the other Closing Documents to which the Buyer is or will be a party has been, or will be on the Closing Date, as the case may be, duly and validly executed by the Buyer and constitutes, or will when executed constitute, a valid, binding, and enforceable obligation, enforceable against the Buyer in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors' rights and the enforcement of debtors' obligations generally and by general principles of equity, regardless of whether enforcement is pursuant to a proceeding in equity or at law.

Appears in 1 contract

Samples: Acquisition Agreement (Ridgewood Electric Power Trust I)

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