Common use of Due Authorization; Enforceability, etc Clause in Contracts

Due Authorization; Enforceability, etc. (i) (A) This Agreement has been duly authorized, executed and delivered by the Pass Through Trustee and the Pass Through Company and (B) assuming the due authorization, execution and delivery of this Agreement by each party hereto other than each Pass Through Trustee and the Pass Through Company, as the case may be, this Agreement constitutes a legal, valid and binding obligation of the Pass Through Company and each Pass Through Trustee, enforceable against the Pass Through Company or each Pass Through Trustee, as the case may be, in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, arrangement, moratorium or other laws relating to or affecting the rights of creditors generally and by general principles of equity.

Appears in 6 contracts

Samples: Participation Agreement (Midwest Generation LLC), Participation Agreement (Midwest Generation LLC), Participation Agreement (Midwest Generation LLC)

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Due Authorization; Enforceability, etc. (i1) (A) This Agreement has been duly authorized, executed and delivered by the Pass Through Trustee and the Pass Through Trust Company and (B) assuming the due authorization, execution and delivery of this Agreement by each party hereto other than each the Pass Through Trustee and the Pass Through Trust Company, as the case may be, this Agreement constitutes a legal, valid and binding obligation of the Pass Through Trust Company and each the Pass Through Trustee, enforceable against the Pass Through Trust Company or each the Pass Through Trustee, as the case may be, in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, arrangement, moratorium or other laws relating to or affecting the rights of creditors generally and by general principles of equity.

Appears in 2 contracts

Samples: Participation Agreement, Participation Agreement (Firstenergy Corp)

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Due Authorization; Enforceability, etc. (i) (A) This Agreement has been duly authorized, executed and delivered by the Pass Through Trustee and the Pass Through Company and (B) assuming the due authorization, execution and delivery of this Agreement by each party hereto other than each Pass Through Trustee and the Pass Through Company, as the case may be, this Agreement constitutes a legal, valid and binding obligation of the Pass Through Company and each Pass Through Trustee, enforceable against the Pass Through Company or each Pass Through Trustee, as the case may be, in accordance with its terms, except as the same may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, arrangement, moratorium or other Conemaugh Participation Agreement 21 27 laws relating to or affecting the rights of creditors generally and by general principles of equity.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Reliant Energy Mid Atlantic Power Services Inc)

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