Common use of Authority to Execute and Perform Clause in Contracts

Authority to Execute and Perform. As of the Effective Date, each Party represents, warrants and covenants to the other that it: (a) has the power and authority and the legal right to enter into this Agreement and to perform its obligations hereunder; (b) has taken all necessary company action on its part required to authorize the execution and delivery of this Agreement; *** Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. (c) has duly executed and delivered this Agreement, which constitutes a legal, valid and binding obligation of it and which is enforceable against it in accordance with this Agreement’s terms; and (d) shall perform its obligations hereunder in compliance with applicable Laws.