Common use of LDSR Clause in Contracts

LDSR. LDSR hereby represents and warrants to Smea2z as follows as of the Effective Date: (a) The execution, delivery, and performance of this Agreement by LDSR is within LDSR’s corporate power and has been duly authorized by all necessary corporate action. (b) This Agreement constitutes a valid and legally binding agreement enforceable against LDSR in accordance with its terms subject to the effects of bankruptcy, insolvency, fraudulent conveyance, and other laws affecting creditors’ rights generally and to general equitable principals. (c) The Note constitutes a valid and legally binding obligation of LDSR, enforceable against LDSR in accordance with the terms thereof subject to the effects of bankruptcy, insolvency, fraudulent conveyance, and other laws affecting creditors’ rights generally and to general equitable principals.

LDSR. LDSR hereby represents and warrants to Smea2z AFT as follows as of the Effective Date: (a) The execution, delivery, and performance of this Agreement by LDSR is within LDSR’s corporate power and has been duly authorized by all necessary corporate action. (b) This Agreement constitutes a valid and legally binding agreement enforceable against LDSR in accordance with its terms subject to the effects of bankruptcy, insolvency, fraudulent conveyance, and other laws affecting creditors’ rights generally and to general equitable principals. (c) The Note constitutes a valid and legally binding obligation of LDSR, enforceable against LDSR in accordance with the terms thereof subject to the effects of bankruptcy, insolvency, fraudulent conveyance, and other laws affecting creditors’ rights generally and to general equitable principals.

LDSR. LDSR hereby represents and warrants to Smea2z Blue Citi as follows as of the Effective Date: (a) The execution, delivery, and performance of this Agreement by LDSR is within LDSR’s corporate power and has been duly authorized by all necessary corporate action. (b) This Agreement constitutes a valid and legally binding agreement enforceable against LDSR in accordance with its terms subject to the effects of bankruptcy, insolvency, fraudulent conveyance, and other laws affecting creditors’ rights generally and to general equitable principals. (c) The Note constitutes a valid and legally binding obligation of LDSR, enforceable against LDSR in accordance with the terms thereof subject to the effects of bankruptcy, insolvency, fraudulent conveyance, and other laws affecting creditors’ rights generally and to general equitable principals.