Common use of Valid Agreements Clause in Contracts

Valid Agreements. To the knowledge of the Seller, any and all of the agreements and other documents and instruments pursuant to which the Subsidiaries hold the property and assets thereof (including any interest in, or right to earn an interest in, any property) are valid and subsisting agreements, documents or instruments in full force and effect, enforceable in accordance with terms thereof, subject to applicable bankruptcy and other laws of general application limiting the enforcement of creditors’ rights generally, the Subsidiaries are not in default of any of the material provisions of any such agreements, documents or instruments nor has any such default been alleged and such properties and assets are in good standing under the applicable statutes and regulations of the jurisdictions in which they are situated, and all leases, licences and claims pursuant to which the Subsidiaries derive the interests thereof in such property and assets are in good standing and there has been no material default under any such lease, licence or claim. None of the properties (or any interest in, or right to earn an interest in, any property) of the Subsidiaries is subject to any right of first refusal or purchase or acquisition right.

Valid Agreements. To the knowledge of Except as disclosed to the Seller, any and all of the agreements and other documents and instruments pursuant to which the Buyer and the Buyer Subsidiaries hold the property and assets thereof (including any interest in, or right to earn an interest in, any property) are valid and subsisting agreements, documents or instruments in full force and effect, enforceable in accordance with terms thereof, subject to applicable bankruptcy and other laws of general application limiting the enforcement of creditors’ rights generally, neither the Subsidiaries are not Buyer nor any Buyer Subsidiary is in default of any of the material provisions of any such agreements, documents or instruments nor has any such default been alleged and such properties and assets are in good standing under the applicable statutes and regulations of the jurisdictions in which they are situated, and all leases, licences and claims pursuant to which the Subsidiaries Buyer or any Buyer Subsidiary derive the interests thereof in such property and assets are in good standing and there has been no material default under any such lease, licence or claim. None of the properties (or any interest in, or right to earn an interest in, any property) of the Subsidiaries Buyer or any Buyer Subsidiary is subject to any right of first refusal or purchase or acquisition rightright which is not disclosed in the Buyer Public Documents.

Valid Agreements. To the knowledge of Except as disclosed to the Seller, any and all of the agreements and other documents and instruments pursuant to which the Buyer and the Buyer Subsidiaries hold the property and assets thereof (including any interest in, or right to earn an interest in, any property) are valid and subsisting agreements, documents or instruments in full force and effect, enforceable in accordance with terms thereof, subject to applicable bankruptcy and other laws of general application limiting the enforcement of creditors’ rights generally, neither the Subsidiaries are not Buyer nor any Buyer Subsidiary is in default of any of the material provisions of any such agreements, documents or instruments nor has any such default been alleged and such properties and assets are in good standing under the applicable statutes and regulations of the jurisdictions in which they are situated, and all leases, licences and claims pursuant to which the Subsidiaries Buyer or any Buyer Subsidiary derive the interests thereof in such property and assets are in good standing and there has been no material default under any such lease, licence or claim. None of the properties (or any interest in, or right to earn an interest in, any property) of the Subsidiaries Buyer or any Buyer Subsidiary is subject to any right of first refusal or purchase or acquisition rightright which is not disclosed in the Buyer Public Documents.