Common use of Authority Relative to this Agreement and Binding Effect Clause in Contracts

Authority Relative to this Agreement and Binding Effect. The execution, delivery and performance of this Agreement and the Related Documents by Buyer have been duly authorized by all necessary corporate action. The execution, delivery and performance of this Agreement and the Related Documents by Buyer will not result in (a) any conflict with or breach or violation of or default under the Organizational Documents of Buyer, (b) a violation or breach of any term or provision of, or constitute a default or accelerate the performance required under, any indenture, mortgage, deed of trust, security agreement, loan agreement, or material Contract to which Buyer is a party or by which its assets are bound, whether with or without notice or the passage of time or both, or (c) a violation of any Order of any Governmental Body. This Agreement constitutes, and the Related Documents to be executed by Buyer when executed and delivered will constitute, valid and binding obligations of Buyer, enforceable against Buyer in accordance with their respective terms, except as such enforceability may be limited by (i) bankruptcy or similar laws from time to time in effect affecting the enforcement of creditors’ rights generally or (ii) the availability of equitable remedies generally.

Authority Relative to this Agreement and Binding Effect. The execution, delivery and performance of this Agreement and the Related Documents by Buyer Seller have been duly authorized by all necessary requisite corporate action. The execution, delivery and performance of this Agreement and the Related Documents by Buyer Seller will not result in (ai) any conflict with or breach or violation of or default under the Organizational Documents of BuyerSeller, (bii) to Seller's Knowledge, a violation or breach of any term or provision of, or constitute a default or accelerate the performance required under, any indenture, mortgage, deed of trust, security agreement, loan agreement, or material Contract to which Buyer Seller is a party or by which its assets any of the Assets are bound, whether with or without notice or the passage of time or both, or (ciii) a violation of any Order of any Governmental Body. This Agreement constitutes, and the Related Documents to be executed by Buyer Seller when executed and delivered will constitute, valid and binding obligations of BuyerSeller, enforceable against Buyer Seller in accordance with their respective terms, except as such enforceability may be limited by (i) bankruptcy or similar laws from time to time in effect affecting the enforcement of creditors’ ' rights generally or (ii) the availability of equitable remedies generally.