Enforceable Contract. The Project Company has duly executed and delivered this Servicing Agreement, and, assuming the due authorization, execution and delivery hereof by the Servicer, such Servicing Agreement constitutes the legal, valid and binding obligation of the Project Company enforceable against it in accordance with its terms, except as (i) such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, liquidation, moratorium or similar laws affecting creditors, or lessors, rights generally and (ii) the application of general equitable principles may limit the availability of certain remedies.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Virginia Electric & Power Co), Servicing Agreement
Enforceable Contract. The Project Company has duly executed and delivered this Servicing Agreement, and, assuming the due authorization, execution and delivery hereof by the ServicerProject Manager, such Servicing Agreement constitutes the legal, valid and binding obligation of the Project Company enforceable against it in accordance with its terms, except as (i) such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, liquidation, moratorium or similar laws affecting creditors, or lessors, rights generally and (ii) the application of general equitable principles may limit the availability of certain remedies.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Virginia Electric & Power Co)
Enforceable Contract. The Project Company Manager has duly executed and delivered this Servicing AgreementAgreement and the Project Contracts, and, assuming the due authorization, execution and delivery hereof thereof by the Servicerother Party thereto, such Servicing Agreement constitutes the legal, valid and binding obligation obligations of the Project Company Manager enforceable against it in accordance with its terms, except as (i) such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, liquidation, moratorium or similar laws affecting creditors, or lessors, rights generally and (ii) the application of general equitable principles may limit the availability of certain remedies.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Virginia Electric & Power Co)