Common use of Authority; Enforceability Clause in Contracts

Authority; Enforceability. The Transactions are within each Group Member’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner action. Each Loan Document to which a Loan Party is a party has been duly executed and delivered by it and constitutes its legal, valid and binding obligation, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner member action. Each Loan Document to which a Loan Party is a party has been duly executed and delivered by it and constitutes its a legal, valid and binding obligationobligation of such Loan Party, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent other organizational powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner other organizational action. Each Loan Document to which a Loan Party is a party has been duly executed and delivered by it and constitutes its legal, valid and binding obligation, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions to which it is a party are within each Group MemberLoan Party’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner member action. Each Loan Document and each Acquisition Document to which a an Loan Party is a party has been duly executed and delivered by it and constitutes its a legal, valid and binding obligationobligation of such Loan Party, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner action. Each Loan Document to which a Loan Party is a party has been duly executed and delivered by it and constitutes its legal, valid and binding obligation, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner action. Each Loan Document to which a Loan Party is a party has been duly executed and delivered by it and constitutes its legal, valid and binding obligation, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent partnership, as the case may be, and, if required, owner member or partner action. Each Loan Document to which a Loan Party is a party has been duly executed and delivered by it and constitutes its a legal, valid and binding obligationobligation of such Loan Party, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent organizational powers and have been duly authorized by all necessary corporate or equivalent organizational action and, if required, owner actionaction by equity holders. Each Loan Document to which a each Loan Party is a party has been duly executed and delivered by it such Loan Party and constitutes its a legal, valid and binding obligation, as applicableobligation of such Loan Party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent entity powers and have been duly authorized by all necessary corporate or equivalent entity and, if required, owner equity holder action. Each Loan Document to which a Loan Party is a party has been duly executed and delivered by it and constitutes its legal, valid and binding obligation, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally Debtor Relief Laws and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner stockholder action. Each Loan Document and Acquisition Document to which a Loan Party is a party has been duly executed and delivered by it and constitutes its legal, valid and binding obligation, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner member action. Each Loan Document to which a Loan Party is a party has been duly executed and delivered by it and constitutes its a legal, valid and binding obligationobligation of such Loan Party, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within the each Group MemberLoan Party’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner stockholder action. Each Loan Document to which a each Loan Party is a party has been duly executed and delivered by it such Loan Party and constitutes its a legal, valid and binding obligation, as applicable, obligation of such Loan Party enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner member action. Each Loan Document to which a Loan Party is a party has been duly executed and delivered by it and constitutes its a legal, valid and binding obligation, as applicableobligation of each Loan Party thereto, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner stockholder action. Each Loan Document to which a each Loan Party is a party has been duly executed and delivered by it such Loan Party and constitutes its a legal, valid and binding obligation, as applicable, obligation of such Loan Party enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner member action. Each Loan Document to which a Loan Party is a party has been duly executed and delivered by it and constitutes its a legal, valid and binding obligation, as applicableobligation of each Loan Party party thereto, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group Memberthe Borrower’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner limited liability company action. Each Loan Transaction Document to which a Loan Party the Borrower is a party has been duly executed and delivered by it the Borrower and constitutes its a legal, valid and binding obligation, as applicableobligation of the Borrower, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws Laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at lawLaw.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent other organizational powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner other organizational action. Each Loan Document to which a Loan Party is a party has been duly executed and delivered by it and constitutes its legal, valid and binding obligation, as applicable, enforceable in ​ [Credit Agreement] ​ ​ accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner stockholder action. Each Loan Document to which a Loan Party is a party has been duly executed and delivered by it and constitutes its legal, valid and binding obligation, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group MemberLoan Party’s corporate or equivalent entity powers and have been duly authorized by all necessary corporate or equivalent entity and, if required, owner equity holder action. Each Loan Document to which a Loan Party is a party has been duly executed and delivered by it and constitutes its legal, valid and binding obligation, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

Authority; Enforceability. The Transactions are within each Group Member’s corporate or equivalent powers and have been duly authorized by all necessary corporate or equivalent and, if required, owner action. Each Loan Note Document to which a Loan Note Party is a party has been duly executed and delivered by it and constitutes its legal, valid and binding obligation, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.