Common use of Authorization, Approval and Enforceability Clause in Contracts

Authorization, Approval and Enforceability. Such Seller is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization. Such Seller has all necessary limited liability company, partnership or corporate power and authority to execute, deliver and perform its respective obligations under this Agreement and to consummate such Seller’s Purchase. The execution and delivery of and performance by such Seller of its obligations under this Agreement and the consummation by such Seller of the transactions contemplated hereby, have been duly authorized and approved by all necessary limited liability company, partnership or corporate action by such Seller and no other limited liability company, partnership or corporate action on the part of such Seller is necessary to authorize the execution and delivery of and performance by such Seller of its obligations under this Agreement or the consummation of the transactions contemplated hereby or thereby. This Agreement has been duly executed and delivered by such Seller, assuming due authorization, execution and delivery of this Agreement by the Purchaser, and constitutes a legal, valid and binding obligation of such Seller, enforceable in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally and (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

Authorization, Approval and Enforceability. Such Seller The Purchaser is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization. Such Seller The Purchaser has all necessary limited liability company, partnership or corporate power and authority to execute, deliver and perform its their respective obligations under this Agreement and to consummate such Seller’s the Purchase. The execution and delivery of and performance by such Seller the Purchaser of its obligations under this Agreement Agreement, and the consummation by such Seller the Purchaser of the transactions contemplated hereby, have been duly authorized and approved by all necessary limited liability company, partnership or corporate action by such Seller the Purchaser and no other limited liability company, partnership or corporate action on the part of such Seller the Purchaser is necessary to authorize the execution and delivery of and performance by such Seller the Purchaser of its obligations under this Agreement or the consummation of the transactions contemplated hereby or thereby. This Agreement has been duly executed and delivered by such Sellerthe Purchaser and, assuming due authorization, execution and delivery of this Agreement by the PurchaserSeller, and constitutes a legal, valid and binding obligation of such Sellerthe Purchaser, enforceable in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally and (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

Authorization, Approval and Enforceability. Such Seller The Purchaser is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization. Such Seller The Purchaser has all necessary limited liability company, partnership or corporate power and authority to execute, deliver and perform its their respective obligations under this Agreement and to consummate such Seller’s each Purchase. The execution and delivery of and performance by such Seller the Purchaser of its obligations under this Agreement Agreement, and the consummation by such Seller the Purchaser of the transactions contemplated hereby, have been duly authorized and approved by all necessary limited liability company, partnership or corporate action by such Seller the Purchaser and no other limited liability company, partnership or corporate action on the part of such Seller the Purchaser is necessary to authorize the execution and delivery of and performance by such Seller the Purchaser of its obligations under this Agreement or the consummation of the transactions contemplated hereby or thereby. This Agreement has been duly executed and delivered by such Sellerthe Purchaser and, assuming due authorization, execution and delivery of this Agreement by the PurchaserSellers, and constitutes a legal, valid and binding obligation of such Sellerthe Purchaser, enforceable in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally and (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

Authorization, Approval and Enforceability. Such The Seller is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization. Such The Seller has all necessary limited liability company, partnership or corporate power and authority to execute, deliver and perform its respective obligations under this Agreement and to consummate such Seller’s the Purchase. The execution and delivery of and performance by such the Seller of its obligations under this Agreement and the consummation by such the Seller of the transactions contemplated hereby, have been duly authorized and approved by all necessary limited liability company, partnership or corporate action by such the Seller and no other limited liability company, partnership or corporate action on the part of such the Seller is necessary to authorize the execution and delivery of and performance by such the Seller of its obligations under this Agreement or the consummation of the transactions contemplated hereby or thereby. This Agreement has been duly executed and delivered by such the Seller, assuming due authorization, execution and delivery of this Agreement by the Purchaser, and constitutes a legal, valid and binding obligation of such the Seller, enforceable in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally and (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.