Common use of Authorization, Binding Effect, Etc Clause in Contracts

Authorization, Binding Effect, Etc. The execution, delivery and performance by the Borrower of each Loan Document have been duly authorized by all necessary corporate action on the part of the Borrower; and each such Loan Document has been duly executed and delivered by the Borrower and is the legal, valid and binding obligation of the Borrower, enforceable against it in accordance with its terms, except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to creditors’ rights generally.

Authorization, Binding Effect, Etc. The execution, delivery and performance by the Borrower of each Loan Document have been duly authorized by all necessary corporate action on the part of the Borrower; and each such Loan Document has been duly executed and delivered by the Borrower and is the legal, valid and binding obligation of the Borrower, enforceable against it in accordance with its terms, except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to creditors’ ' rights generally.

Authorization, Binding Effect, Etc. The execution, delivery and performance by the Borrower of each Loan Document to which it is or will be a party have been duly authorized by all necessary corporate or other action on the part of the Borrower; and each . Each such Loan Document has been duly executed and delivered by the Borrower and is the legal, valid and binding obligation of the Borrower, enforceable against it in accordance with its terms, except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to creditors’ rights generally.

Authorization, Binding Effect, Etc. The execution, delivery and ---------------------------------- performance by each of the Borrower Borrowers of each Loan Document have been duly authorized by all necessary corporate or other action on the part of each of the Borrower; and each Borrowers. Each such Loan Document has been duly executed and delivered by each of the Borrower Borrowers and is the joint and several legal, valid and binding obligation of the each such Borrower, enforceable against it in accordance with its terms, except as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to creditors’ ' rights generally.