BINDING OBLIGATIONS, DUE AUTHORIZATION.Subject Sample Clauses

BINDING OBLIGATIONS, DUE AUTHORIZATION.Subject to the approval of its members, this Agreement constitutes a valid, legal, and binding obligation of PGI, enforceable against it in accordance with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, or similar law, or by general principles of equity. The board of directors of PGI has validly authorized the execution, delivery, and performance of this Agreement and the transactions contemplated by it.
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