Common use of Authorization and Enforcement of Obligations Clause in Contracts

Authorization and Enforcement of Obligations. It (a) has the requisite power and authority and the legal right to enter into the Agreement and to perform its obligations hereunder; and (b) has taken all necessary action on its part to authorize the execution and delivery of the Agreement and the performance of its obligations hereunder. The Agreement has been duly executed and delivered on its behalf, and constitutes a legal, valid, binding obligation, enforceable against it in accordance with its terms.

Authorization and Enforcement of Obligations. It (ai) has the requisite power and authority and the legal right to enter into the Agreement and to perform its obligations hereunder; and (bii) has taken all necessary action on its part to authorize the execution and delivery of the this Agreement and the performance of its obligations hereunder. The This Agreement has been duly executed and delivered on its behalf, and constitutes a legal, valid, binding obligation, enforceable against it in accordance with its terms.

Authorization and Enforcement of Obligations. It It (ai) has the requisite -------------------------------------------- corporate power and authority and the legal right to enter into the this Agreement and to perform its obligations hereunder; hereunder and (bii) has taken all necessary corporate action on its part to authorize the execution and delivery of the this Agreement and the performance of its obligations hereunder. The This Agreement has been duly executed and delivered on its behalf, behalf and constitutes a legal, valid, valid and binding obligation, enforceable against it in accordance with its terms.