Common use of Authorization; Execution; Enforceability Clause in Contracts

Authorization; Execution; Enforceability. (a) This Agreement ---------------------------------------- and each other Operative Document to which State Street Bank and Trust Company, in its individual capacity is a party have been, duly authorized, executed and delivered by State Street Bank and Trust Company, in its individual capacity and, assuming the due authorization, execution and delivery hereof and thereof by the other parties hereto and thereto, are legal, valid and binding obligations of the Indenture Trustee in its individual capacity (to the extent it is a party hereto or thereto in such capacity), enforceable against it in accordance with their respective terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, liquidation, receivership, moratorium or similar laws affecting creditors' rights generally and the application of general equitable principles may limit the availability of certain remedies. Assuming due authorization, execution and delivery thereof by the Owner Trust, the Secured Note issued on the Closing Date pursuant to the terms of this Agreement and the Indenture on the Closing Date will have been duly authenticated.

Authorization; Execution; Enforceability. (a) This Agreement ---------------------------------------- and each other Operative Document to which State Street Bank and Trust Companythe Indenture Trustee, in its individual capacity or trust capacity, is a party have been, been duly authorized, executed and delivered by State Street Bank and Trust Companythe Indenture Trustee, in its individual capacity or trust capacity, as the case may be, and, assuming the due authorization, execution and delivery hereof and thereof by the other parties hereto and thereto, are legal, valid and binding obligations of the Indenture Trustee in its individual capacity (to or trust capacity, as the extent it is a party hereto or thereto in such capacity)case may be, enforceable against it in accordance with their respective terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, liquidation, receivership, moratorium or similar laws affecting creditors' ’ rights generally and by the application of general equitable principles which may limit the availability of certain remedies. Assuming due authorization, execution and delivery thereof by the Owner TrustLessor, the Secured each Note issued on the Closing Date pursuant to the terms of this Agreement and the Indenture on the Closing Date will have been duly authenticatedauthenticated by the Indenture Trustee.