Common use of Execution and Delivery; Binding Agreement Clause in Contracts

Execution and Delivery; Binding Agreement. This Agreement has been duly executed and delivered on behalf of the Assignor by the appropriate officer of the Assignor, and constitutes the valid and binding obligation of the Assignor, enforceable against the Assignor in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors generally and subject to general equitable principles (regardless of whether considered in a proceeding in equity or at law); and