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 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 Seller and constitutes, or will constitute when executed, a valid, binding, and enforceable obligation, enforceable against 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), Membership Interest Purchase Agreement (Ridgewood Electric Power Trust Iv)

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Valid, Binding and Enforceable Obligations. Each of this Agreement and the other Closing Documents to which Seller 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 Seller Buyer and constitutes, or will constitute when executedexecuted constitute, a valid, binding, and enforceable obligation, enforceable against Seller 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: Acquisition Agreement (Ridgewood Electric Power Trust Ii), Membership Interest Purchase Agreement (Ridgewood Electric Power Trust Iv)

Valid, Binding and Enforceable Obligations. Each of this Agreement and the other Closing Documents to which Seller 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 Seller the Buyer and constitutes, or will constitute when executedexecuted constitute, a valid, binding, and enforceable obligation, enforceable against Seller 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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Valid, Binding and Enforceable Obligations. Each of this Agreement and the other Closing Documents to which 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 the Seller and constitutes, or will constitute when executed, a valid, binding, and enforceable obligation, enforceable against 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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