Common use of Binding Obligation and Enforcement Clause in Contracts

Binding Obligation and Enforcement. Assuming execution of this Agreement by the Authority, this Agreement constitutes legal, valid, and binding obligations of StadCo, enforceable against it in accordance with its terms.

Binding Obligation and Enforcement. Assuming execution of this Agreement by the AuthorityStadCo, this Agreement constitutes legal, valid, and binding obligations of StadCothe Authority, enforceable against it the Authority in accordance with its terms.