Authorization and Enforceability of Obligations. The Borrower, each of the Guarantors and each of their respective Subsidiaries (a) have the power, authority and legal right to enter into this Agreement and such of the Loan Documents to which each is a party and to enter into and perform their respective obligations hereunder and thereunder, and (b) have taken all necessary action on the part of each to authorize the execution and delivery of such documents, instruments and agreements and the performance of their respective obligations hereunder and thereunder. This Agreement, the Notes and the other Loan Documents have been duly executed and delivered on behalf of the Borrower, each of the Guarantors and such of their respective Subsidiaries as are parties to such Loan Documents, and constitute legal, valid and binding obligations, enforceable against the Borrower, the Guarantors and their respective Subsidiaries as are parties hereto or thereto in accordance with their respective terms.
Authorization and Enforceability of Obligations. The Borrower and each of the Guarantors (a) have the power, authority and legal right to enter into this Agreement and such of the Loan Documents to which each is a party and to enter into and perform their respective obligations hereunder and thereunder, and (b) have taken all necessary action on the part of each to authorize the execution and delivery of such documents, instruments and agreements and the performance of their respective obligations hereunder and thereunder. This Agreement, the Notes and the other Loan Documents have been duly executed and delivered on behalf of the Borrower and each of the Guarantors, as applicable, and constitute legal, valid and binding obligations, enforceable against the Borrower and the Guarantors, as applicable, in accordance with their respective terms.
Authorization and Enforceability of Obligations. The Borrower and the other Credit Parties (a) have the power, authority and legal right to enter into this Agreement and the other Loan Documents to which each is a party and to enter into and perform their respective obligations hereunder and thereunder, and (b) have taken all necessary action on the part of each to authorize the execution and delivery of such documents, instruments and agreements and the performance of their respective obligations hereunder and thereunder. This Agreement, the Notes and the other Loan Documents have been duly executed and delivered on behalf of the Borrower and such of the other Credit Parties as are parties to such Loan Documents, and constitute legal, valid and binding obligations of and are enforceable against the Borrower and such other Credit Parties in accordance with their respective terms.
Authorization and Enforceability of Obligations. Each of Xxxxxx and the Vendors has the capacity, authority and power to execute, deliver and perform this Agreement and each of the Vendors has the capacity, authority and power to execute, deliver and perform all of the agreements contemplated hereby to which it is a party and to consummate the transactions contemplated hereby and thereby. This Agreement and all of the agreements and transactions contemplated hereby to which each of the Vendors is a party in relation to the sale of the Property have been duly and validly authorized, executed and delivered by such Party, and each such agreement constitutes a legal, valid and binding obligation of such Party, enforceable against it in accordance with its terms, except: (i) as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization and similar Applicable Laws affecting creditors' rights generally; and (ii) as such enforceability may be limited by general principles of equity, regardless of whether asserted in a proceeding in equity or law.
Authorization and Enforceability of Obligations. West Pacific has the capacity, authority and power to execute, deliver and perform this Agreement and all of the agreements contemplated hereby to which it is a party and to consummate the transactions contemplated hereby and thereby. This Agreement and all of the agreements contemplated hereby to which West Pacific is a party in relation to the sale of the Property have been duly and validly authorized, executed and delivered by West Pacific, and each such agreement constitutes a legal, valid and binding obligation of West Pacific, enforceable against it in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization and similar Applicable Laws affecting creditors' rights generally.
