Common use of Validity and Conflicts Clause in Contracts

Validity and Conflicts. This Agreement is valid, binding and enforceable against Purchaser in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, or other similar laws relating to the enforcement of creditors' rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). The execution of this Agreement and the consummation of the transactions contemplated herein have been approved by the Board of Directors of Purchaser and do not and will not result in a breach of the terms and conditions of nor constitute a default under or violation of the Articles of Incorporation or Bylaws of Purchaser, or any law, regulation, court order, mortgage, note, bond, indenture, agreement, license or other instrument or obligation to which Purchaser is now a party or by which any of its assets may be bound or affected, subject, however, to Purchaser obtaining those Third Party Consents and Regulatory Approvals for which it is responsible under the terms hereof.

Validity and Conflicts. This Agreement is validand all Purchase Documents executed by Purchaser are the valid and binding obligations of Purchaser, binding and enforceable against Purchaser in accordance with its their respective terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to the enforcement of creditors' rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). The execution of this Agreement and the consummation of the transactions contemplated herein have been approved by the Board of Directors sole member of Purchaser and do not and will not result in a breach of the terms and conditions of of, nor constitute a default under or violation of, the Charter Documents of the Articles of Incorporation or Bylaws of Purchaser, Purchaser or any law, regulation, court order, mortgage, note, bond, indenture, agreement, license or other instrument or obligation to which Purchaser is now a party or by which any of its assets may be bound or affected, subject, however, to Purchaser obtaining those Third Party Consents and Regulatory Approvals for which it is responsible under the terms hereof.