Common use of Due Execution; Binding Obligation Clause in Contracts

Due Execution; Binding Obligation. This Agreement has been duly executed and delivered on behalf of the Borrower, and this Agreement constitutes a legal, valid and binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and except as enforceability may be subject to general principles of equity, whether such principles are applied in a court of equity or at law.