Common use of Assuming due authorization Clause in Contracts

Assuming due authorization. execution and delivery by each of the other parties hereto and theretoto the other Operative Documents and that each of this Agreement and the other Operative Documents is the legal, valid, binding and enforceable obligation of such other parties, this Agreement and each of the other Operative Documents to which the Authority is or will be a party constitutes (or when executed and delivered will constitute) a legal, valid and binding obligation of the Authority enforceable against it in accordance with the terms hereof and thereof.

Appears in 1 contract

Sources: Participation Agreement

Assuming due authorization. execution and delivery by each of the other parties hereto and theretoto the other Operative Documents and that each of this Agreement and the other Operative Documents is the legal, valid, binding and enforceable obligation of such other parties, this Agreement and each of the other Operative Documents to which the Authority State is or will be a party constitutes (or when executed and delivered will constitute) a legal, valid and binding obligation of the Authority State enforceable against it in accordance with the terms hereof and thereof.

Appears in 1 contract

Sources: Participation Agreement

Assuming due authorization. execution and delivery by each of the other parties hereto and theretoto the other Operative Documents and that each of this Agreement and the other Operative Documents is the legal, valid, binding and enforceable obligation of such other parties, this Agreement and each of the other Operative Documents to which the Authority User is or will be a party constitutes (or when executed and delivered will constitute) a legal, valid and binding obligation of the Authority User enforceable against it in accordance with the terms hereof and thereof.

Appears in 1 contract

Sources: Participation Agreement