Common use of Authorization and Enforceability of Agreement Clause in Contracts

Authorization and Enforceability of Agreement. This Agreement and the Fiscal Agency Agreement (together, the “Agreements”) have been duly authorized, executed and delivered by the Issuer, and constitute legal, valid, binding and enforceable obligations of the Issuer, subject, as to enforcement, to bankruptcy, liquidation, insolvency, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights generally and to general equity principles.