Common use of Authorization and Enforceability Representations Clause in Contracts

Authorization and Enforceability Representations. Each Bank, Agent and the Borrower hereby represents to the other parties hereto that all necessary action has been taken to authorize it to execute and to perform its obligations under the Loan Documents, and that the Loan Documents are binding and enforceable against it.

Authorization and Enforceability Representations. Each Bank, each ------------------------------------------------ Designated Bid Lender, the Agent and the Borrower hereby represents to the other parties hereto that all necessary action has been taken to authorize it to execute and to perform its obligations under the Loan Documents, and that the Loan Documents are binding and enforceable against it.

Authorization and Enforceability Representations. Each Bank, each Designated Bid Lender, the Agent and the Borrower hereby represents to the other parties hereto that all necessary action has been taken to authorize it to execute and to perform its obligations under the Loan Documents, and that the Loan Documents are binding and enforceable against it.

Authorization and Enforceability Representations. Each Bank, Agent and the Borrower hereby represents to the other parties hereto that all necessary action has been taken to authorize it to execute and to perform its obligations under the Loan Documents, and that the Loan Documents are binding and enforceable against it, except as the same may be limited by insolvency, bankruptcy, reorganization, or other laws relating to or affecting the enforcement of creditors' rights or by general equitable principles.