Common use of Authorization; Valid Obligation Clause in Contracts

Authorization; Valid Obligation. All actions required to be taken by or on behalf of Purchaser to authorize Purchaser to execute and deliver this Agreement have been duly taken and all actions required to be taken by or on behalf of Purchaser to authorize Purchaser to carry out the terms of this Agreement will be taken prior to the time such obligation herein must be performed. No consent to the execution, delivery and performance of this Agreement by Purchaser is required from any partner, board of directors, shareholder, creditor, investor, judicial or administrative body, Governmental Authority or other Person, other than any such consents which already have been unconditionally given. This Agreement is a valid and binding obligation of Purchaser, enforceable in accordance with its terms, except as the same may be affected by bankruptcy, insolvency, moratorium or similar laws, or by legal or equitable principles relating to or limiting the rights of contracting parties generally.