Common use of Authority; Validity Clause in Contracts

Authority; Validity. The Company has all requisite capacity, power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement by the Company and the consummation by the Company of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of the Company. This Agreement has been duly executed and delivered by the Company. If this Agreement is being executed in a representative or fiduciary capacity with respect to the Company, the person signing this Agreement has full power and authority to enter into and perform this Agreement.

Authority; Validity. The Company has all requisite capacity, the corporate power and authority to enter into make and carry out this Agreement and to consummate the transactions contemplated hereby. The execution herein, to make the borrowings provided for herein and delivery of this Agreement by the Company to perform its obligations hereunder; and the consummation by the Company of the transactions contemplated hereby have all such action has been duly and validly authorized by all necessary action corporate proceedings on the part of the Companyits part. This Agreement has been duly and validly executed and delivered by the Company. If this Agreement is being executed in Company and constitutes a representative or fiduciary capacity with respect to valid and legally binding agreement of the Company, the person signing this Agreement has full power and authority to enter into and perform this Agreement.enforceable in accordance with its terms, except as enforcement may be limited by

Authority; Validity. The Company has all requisite capacityfull right, power power, and authority to enter into execute and deliver this Agreement Agreement, and to consummate and perform the transactions contemplated hereby. The execution and delivery of this Agreement by the Company and the consummation and performance by the Company it of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of the Companycorporate and other proceedings. This Agreement has been duly executed and delivered by the Company. If this Agreement is being executed Company and the Shareholders and constitutes the legal, valid, and binding obligation of each, enforceable against each in a representative or fiduciary capacity accordance with respect to the Company, the person signing this Agreement has full power and authority to enter into and perform this Agreementits terms.