Common use of Acts and Proceedings Clause in Contracts

Acts and Proceedings. Each of the Transaction Documents to which such Purchaser is or will be a party has been duly authorized by all necessary action on the part of such Purchaser and has been or at the Closing will be duly executed and delivered by such Purchaser. This Agreement is, and each of the other Transaction Documents to which such Purchaser will be a party when executed and delivered pursuant to the terms of this Agreement will be, a valid and binding agreement of such Purchaser enforceable against such Purchaser in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, moratorium, fraudulent conveyance or transfer, reorganization or similar laws affecting the enforcement of creditors' rights generally and by general principles of equity.