Common use of Authority, Validity and Effect Clause in Contracts

Authority, Validity and Effect. The Seller has all requisite authority and full legal capacity to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated herein. Such Seller has full power and authority to execute, deliver and perform this Agreement. This Agreement has been duly executed and delivered by the Seller pursuant to all necessary authorization and constitutes a legal, valid and binding obligation of the Seller, enforceable against it in accordance with its terms, subject to (a) laws of general application relating to bankruptcy, insolvency and the relief of debtors and (b) laws of general application relating to bankruptcy, insolvency, the relief of debtors, fraudulent transfer, reorganization, moratorium and other similar laws of general applicability relating to, or principles of equity affecting creditors' rights, the relief of debtors and remedies generally (the "General Enforceability Exceptions"). No further action on the part of the Seller is or will be required in connection with the authorization of the transactions contemplated by this Agreement.

Authority, Validity and Effect. The Seller has all requisite authority and full legal capacity to enter into and perform its obligations under this Agreement and to consummate the transactions Transactions contemplated herein. Such Seller has full power and authority to execute, deliver and perform this Agreement. This Agreement has been duly executed and delivered by the Seller pursuant to all necessary authorization and constitutes a legal, valid and binding obligation of the Seller, enforceable against it in accordance with its terms, subject to (a) laws of general application relating to bankruptcy, insolvency and the relief of debtors and (b) laws of general application relating to bankruptcy, insolvency, the relief of debtors, fraudulent transfer, reorganization, moratorium and other similar laws of general applicability relating to, or principles of equity affecting creditors' ’ rights, the relief of debtors and remedies generally (the "“General Enforceability Exceptions"”). No further action on the part of the Seller is or will be required in connection with the authorization of the transactions Transactions contemplated by this Agreement.

Authority, Validity and Effect. The Each Seller has all requisite authority and full legal capacity to enter into and perform its obligations under this Agreement and to consummate the transactions contemplated herein. Such Each Seller has full power and authority to execute, deliver and perform this Agreement. This Agreement has been duly executed and delivered by the each Seller pursuant to all necessary authorization and constitutes a legal, valid and binding obligation of the each Seller, enforceable against it in accordance with its terms, subject to (a) laws of general application relating to bankruptcy, insolvency and the relief of debtors and (b) laws of general application relating to bankruptcy, insolvency, the relief of debtors, fraudulent transfer, reorganization, moratorium and other similar laws of general applicability relating to, or principles of equity affecting creditors' ’ rights, the relief of debtors and remedies generally (the "“General Enforceability Exceptions"”). No further action on the part of the Seller is or will be required in connection with the authorization of the transactions contemplated by this Agreement.