Common use of Status of Agreements Clause in Contracts

Status of Agreements. (a) All requisite corporate action (including action of its Board of Directors) to approve, execute, deliver and perform this Agreement and each of the other agreements, instruments and other documents to be delivered by and on behalf of Purchaser No. 2 ("Other Purchaser No. 2 Documents") in connection herewith has been taken by Purchaser No. 2. This Agreement has been duly and validly executed and delivered by Purchaser No. 2and constitutes the valid and binding obligation of Purchaser No. 2 enforceable in accordance with its terms. All Other Purchaser No. 2 Documents in connection herewith will, when executed and delivered, constitute the valid and binding obligation of Purchaser No. 2 enforceable in accordance with their respective terms.

Status of Agreements. (a) All requisite corporate action (including action of its Board of Directors) to approve, execute, deliver and perform this Agreement and each of the other agreements, instruments and other documents to be delivered by and on behalf of Purchaser No. 2 1 ("Other Purchaser No. 2 1 Documents") in connection herewith has been taken by Purchaser No. 21. This Agreement has been duly and validly executed and delivered by Purchaser No. 2and 1 and constitutes the valid and binding obligation of Purchaser No. 2 1 enforceable in accordance with its terms. All Other Purchaser No. 2 1 Documents in connection herewith will, when executed and delivered, constitute the valid and binding obligation of Purchaser No. 2 1 enforceable in accordance with their respective terms.