Common use of Authorization; Execution; Enforceability Clause in Contracts

Authorization; Execution; Enforceability. The execution, delivery and performance by the Lessor of this Lease and each other Operative Document to which it is a party and of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action on the part of the Lessor and do not and will not require the consent or approval of any shareholder of the Lessor. This Lease and each other Operative Document to which the Lessor is a party have been duly authorized, executed and delivered by the Lessor 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 Lessor, enforceable against the Lessor in accordance with their respective terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, liquidation, moratorium or similar laws affecting creditors' rights generally and by the application of general equitable principles which may limit the availability of certain remedies.