Common use of Effectiveness and Enforceability Clause in Contracts

Effectiveness and Enforceability. Each of Pangaea Two, LP and Pangaea Two Parallel, LP is validly formed, in existence and duly registered under the laws of its jurisdiction of formation and each has the legal right and full power and authority to enter into and perform this Agreement. This Agreement has been duly entered into by Cartesian and constitutes valid and binding obligation of Cartesian, enforceable against it as set forth herein. This Agreement does not conflict with, or result in any violation or breach of, (i) any provision of the charter, by-laws, or other organisational document of Cartesian or (ii) any contract or agreement to which Cartesian is a party.