Common use of Parent Acquisition Clause in Contracts

Parent Acquisition. As of the Restatement Effective Date, the Merger Agreement has been duly authorized, executed and delivered by each of the parties thereto and constitutes a legal, valid and binding obligation of each such party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors' rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. A true, correct and complete copy (including any amendments and waivers) of the Merger Agreement has been furnished to the Administrative Agent.