Common use of Equity Contribution Agreement Clause in Contracts

Equity Contribution Agreement. A true and correct copy of the ----------------------------- Equity Contribution Agreement has been provided to Sellers. The execution and delivery of the Equity Contribution Agreement by WPSR Capital and PDI and the consummation of the transactions contemplated thereby has been duly and validly authorized by all necessary corporate or other action required on the part of each of WPSR Capital and PDI. The Equity Contribution Agreement has been duly and validly executed and delivered by each of WPSR Capital and PDI and constitutes the legal, valid and binding obligations of each of WPSR Capital and PDI enforceable against each of WPSR Capital and PDI in accordance with its terms, except that such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting or relating to enforcement of creditors' rights generally and general principles of equity (regardless of whether enforcement is considered in a proceeding at law or in equity).

Equity Contribution Agreement. A true and correct copy of the ----------------------------- Equity Contribution Agreement has been provided to SellersSeller. The execution and delivery of the Equity Contribution Agreement by WPSR Capital and PDI WPS Power Development, Inc. ("PDI") and the consummation of the transactions contemplated thereby has been duly and validly authorized by all necessary corporate or other action required on the part of each of WPSR Capital and PDI. The Equity Contribution Agreement has been duly and validly executed and delivered by each of WPSR Capital and PDI and constitutes the legal, valid and binding obligations of each of WPSR Capital and PDI enforceable against each of WPSR Capital and PDI in accordance with its terms, except that such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting or relating to enforcement of creditors' rights generally and general principles of equity (regardless of whether enforcement is considered in a proceeding at law or in equity).

Equity Contribution Agreement. A true and correct copy of the ----------------------------- Equity Contribution Agreement has been provided to SellersSeller. The execution and delivery of the Equity Contribution Agreement by WPSR Capital and PDI WPS Power Development, Inc. ("PDI") and the consummation of the transactions contemplated thereby has been duly and validly authorized by all necessary corporate or other action required on the part of each of WPSR Capital and PDI. The Equity Contribution Agreement has been duly and validly executed and delivered by each of WPSR Capital and PDI and constitutes the legal, valid and binding obligations of each of WPSR Capital and PDI enforceable against each of WPSR Capital and PDI in accordance with its terms, except that such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting or relating to enforcement of creditors' rights generally and general principles of equity (regardless of whether enforcement is considered in a proceeding at law or in equity).