Common use of Authorization; Valid Obligation Clause in Contracts

Authorization; Valid Obligation. Seller has caused all actions required to be taken by or on behalf of Seller to authorize Seller to make, deliver and carry out the terms of this Agreement. No consent to the execution, delivery and performance of this Agreement by Seller is required from any partner, board of directors, shareholder, creditor, investor, judicial or administrative body, government authority (excluding any governmental authority solely applicable to Purchaser) or other person or entity, other than any such consent which already has been unconditionally given. This Agreement is a valid and binding obligation of Seller, enforceable in accordance with its terms, except as the same may be affected by bankruptcy, insolvency, moratorium or similar laws, or by legal or equitable principles relating to or limiting the rights of contracting parties generally.