Common use of Authority and Compliance Clause in Contracts

Authority and Compliance. Borrower and Guarantor have full organizational power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of such party. No consent or approval of any public authority or other governmental third party is required as a condition to the validity of any Loan Document (other than filing of any UCC Financing Statements), and Borrower is in compliance in all material respects with all laws and regulatory requirements to which it is subject.

Authority and Compliance. Borrower and the Guarantor have has full organizational power and authority to execute and deliver the their respective Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of such partythe appropriate governing body of Borrower. No consent or approval of any public governmental authority or other governmental third party is required as a condition to the validity of any Loan Document (other than filing of any UCC Financing Statements)Document, and Borrower is in compliance in all material respects with all laws and regulatory requirements to which it is subjectsubject in all material respects.

Authority and Compliance. Each Borrower and each Guarantor have has full organizational power and authority to execute and deliver the its respective Loan Documents and to incur and perform the obligations Obligations provided for thereinin its respective Loan Documents, all of which have been duly authorized by all proper and necessary action of such partyits appropriate governing body. No consent or approval of any public authority or other governmental third party is required as a condition to the validity of any of the Loan Document (other than filing of any UCC Financing Statements)Documents, and each Borrower and each Guarantor is in compliance in all material respects with all laws and regulatory requirements to which it is subject.

Authority and Compliance. Borrower and each Entity Guarantor have has full organizational power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of such partythe appropriate governing body. No consent or approval of any public authority Governmental Authority or other governmental third party Person is required as a condition to the validity of any Loan Document (other than filing of any UCC Financing Statements)Document, and Borrower and each Entity Guarantor is in compliance in all material respects with all laws laws, regulations and regulatory governmental requirements to which it is subjectsubject except any noncompliance which in the aggregate would not have a Material Adverse Effect.

Authority and Compliance. Borrower and Guarantor have full organizational power and authority to execute and deliver the Loan Documents and to incur and perform the obligations provided for therein, all of which have been duly authorized by all proper and necessary action of such party. No consent or approval of any public authority or other governmental third party is required as a condition to the validity of any Loan Document (other than filing of any UCC Financing Statements)Document, and Borrower is in compliance in all material respects with all laws and regulatory requirements to which it is subject.