Common use of Due Authorization; Binding Effect Clause in Contracts

Due Authorization; Binding Effect. This Agreement has been duly authorized, executed and delivered on behalf of Issuer and, assuming the due authorization, execution and delivery by Purchaser, this Agreement constitutes the valid, legal and binding obligation of Issuer, enforceable in accordance with its terms, except to the extent that enforceability may be limited by bankruptcy, insolvency, moratorium or similar laws affecting the enforcement of creditors' rights generally;

Due Authorization; Binding Effect. This Agreement has been duly duty authorized, executed and delivered on behalf of Issuer Purchaser and, assuming the due authorization, execution and delivery by PurchaserIssuer, this Agreement constitutes the valid, legal and binding obligation of IssuerPurchaser, enforceable in accordance with its terms, except to the extent that enforceability may be limited by bankruptcy, insolvency, moratorium or similar laws affecting the enforcement of creditors' rights generally;