Common use of Enforceable Contract Clause in Contracts

Enforceable Contract. OWNER has duly executed and delivered this Agreement, and, assuming the due authorization, execution and delivery hereof by CONTRACTOR, such Agreement constitutes the legal, valid and binding obligation of OWNER enforceable against it in accordance with its terms, except as (i) such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, liquidation, moratorium or similar laws affecting creditors, or lessors, rights generally and (ii) the application of general equitable principles may limit the availability of certain remedies.

Enforceable Contract. OWNER CONTRACTOR has duly executed and delivered this Agreement, and, assuming the due authorization, execution and delivery hereof thereof by CONTRACTORthe other Party thereto, such Agreement constitutes the legal, a valid and binding obligation of OWNER CONTRACTOR enforceable against it in accordance with its terms, except as (i) such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, liquidation, moratorium or similar laws affecting creditors, or lessors, rights generally and (ii) the application of general equitable principles may limit the availability of certain remedies.