Common use of Validity of the Agreements Clause in Contracts

Validity of the Agreements. This Agreement is in proper form to be enforceable against the Company in the British Virgin Islands in accordance with its terms (except as rights to indemnification hereunder or thereunder may be limited by applicable law and except as the enforcement hereof or thereof may be limited by bankruptcy, insolvency, reorganization, moratorium, or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles); to ensure the legality, validity, enforceability or admissibility into evidence in the British Virgin Islands of this Agreement, it is not necessary that this Agreement be filed or recorded with any court or other authority in the British Virgin Islands (other than court filings in the ordinary course of proceedings) or that any stamp duty or similar tax in the British Virgin Islands be paid on or in respect of this Agreement or any other documents to be furnished hereunder (other than nominal stamp duty payable on the enforcement of any documents) save and except that British Virgin Islands stamp duty may be payable if the original of any such document is executed in, or brought into, the British Virgin Islands.

Validity of the Agreements. This Agreement is in proper form to be enforceable against the Company in the British Virgin Islands in accordance with its terms (except as rights to indemnification hereunder or thereunder may be limited by applicable law and except as the enforcement hereof or thereof may be limited by bankruptcy, insolvency, reorganization, moratorium, or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles); to ensure the legality, validity, enforceability or admissibility into evidence in the British Virgin Islands of this Agreement, it is not necessary that this Agreement be filed or recorded with any court or other authority in the British Virgin Islands (other than court filings in the ordinary course of proceedings) or that any stamp duty or similar tax in the British Virgin Islands be paid on or in respect of this Agreement Agreement, or any other documents to be furnished hereunder (other than nominal stamp duty payable on the enforcement of any documents) save and except that British Virgin Islands stamp duty may be payable if the original of any such document is executed in, or brought into, the British Virgin Islands.