Common use of Authorization of Borrowing, No Conflict Clause in Contracts

Authorization of Borrowing, No Conflict. Each of --------------------------------------- the Loan Parties has the corporate power and authority to incur the Obligations and to grant security interests in the Collateral. On the Closing Date, the execution, delivery and performance of the Loan Documents by each Loan Party signatory thereto will have been duly authorized by all necessary corporate and shareholder action. The execution, delivery and performance by each Loan Party of each Loan Document to which it is a party and the consummation of the transaction contemplated by this Agreement and the other Loan Documents by each Loan Party do not contravene and will not be in contravention of any law, rule, regulation, order, writ, judgment, injunction, decree determination, award, the corporate charter or by laws of any Loan Party or any agreement by which any Loan Party or any Loan Party's property is bound.

Authorization of Borrowing, No Conflict. Each of --------------------------------------- the Loan Parties Party has the corporate power and authority to incur the Obligations and to grant security interests in the Collateral. On the Closing Date, the execution, delivery and performance of the Loan Documents by each Loan Party signatory thereto will have been duly authorized by all necessary corporate and shareholder action. The execution, delivery and performance by each Loan Party of each Loan Document to which it is a party and the consummation of the transaction transactions contemplated by this Agreement and the other Loan Documents by each Loan Party do not contravene and will not be in contravention of any law, rule, regulation, order, writ, judgment, injunction, decree determination, awardApplicable Law, the corporate charter or by laws bylaws or other organizational documents of any Loan Party or any agreement or order by which any Loan Party or any Loan Party's ’s property is bound. The Loan Documents are the legally valid and binding obligations of the applicable Loan Parties respectively, each enforceable against the Loan Parties, as applicable, in accordance with their respective terms.

Authorization of Borrowing, No Conflict. Each of --------------------------------------- the Loan Parties Obligors has the corporate organizational power and authority to incur the Obligations and to grant security interests in the Collateral. On the Closing Date, the execution, delivery and performance of the Loan Documents by each Loan Party signatory thereto will have been duly authorized by all necessary corporate and shareholder action. The execution, delivery and performance by each Loan Party of each Loan Document to which it is a party and the consummation of the transaction transactions contemplated by this Agreement and the other Loan Documents by each Loan Party do not contravene and will not be in contravention of any applicable law, rule, regulation, order, writ, judgment, injunction, decree determination, award, the corporate charter or by laws bylaws or other organizational documents of any Loan Party or any agreement or order by which any Loan Party or any Loan Party's ’s property is bound. The Loan Documents are the legally valid and binding obligations of the applicable Loan Parties respectively, each enforceable against the Loan Parties, as applicable, in accordance with their respective terms.

Authorization of Borrowing, No Conflict. Each of --------------------------------------- the Loan Parties Borrower has the --------------------------------------- corporate power and authority to incur the Obligations and to grant security interests in the Collateral. On the Closing Date, the execution, delivery and performance of the Loan Documents by each Loan Party signatory thereto will have been duly authorized by all necessary corporate organizational and shareholder owner action. The execution, delivery and performance by each Loan Party of each Loan Document to which it is a party and the consummation of the transaction transactions contemplated by this Agreement and the other Loan Documents by each Loan Party do not contravene and will not be in contravention of any applicable law, rule, regulation, order, writ, judgment, injunction, decree determination, award, the corporate charter organizational or by laws regulatory documentation of any Loan Party or any material agreement or order by which any Loan Party or any Loan Party's property is bound. The Loan Documents are the legally valid and binding obligations of the applicable Loan Parties respectively, each enforceable against the Loan Parties, as applicable, in accordance with their respective terms.

Authorization of Borrowing, No Conflict. Each of --------------------------------------- the Loan Parties Party has the corporate power and authority to incur the Obligations and to grant security interests in the Collateral. On the Closing Date, the execution, delivery and performance of the Loan Documents by each Loan Party signatory thereto will have been duly authorized by all necessary corporate and shareholder action. The execution, delivery and performance by each Loan Party of each Loan Document to which it is a party and the consummation of the transaction transactions contemplated by this Agreement and the other Loan Documents by each Loan Party do not contravene and will not be in contravention of any applicable law, rule, regulation, order, writ, judgment, injunction, decree determination, award, the corporate charter or by laws bylaws of any Loan Party or any agreement or order by which any Loan Party or any Loan Party's property is bound. This Agreement is, and the other Loan Documents, including the Notes when executed and delivered will be, the legally valid and binding obligations of the applicable Loan Parties respectively, each enforceable against the Loan Parties, as applicable, in accordance with their respective terms.

Authorization of Borrowing, No Conflict. Each of --------------------------------------- the Loan Parties has the corporate organizational power and authority to incur the Obligations and to grant security interests (or applicable equivalents) in the CollateralCollateral (in which it has any right, title or interest). On the Closing Date, the execution, delivery and performance of the Loan Documents by each Loan Party signatory thereto will have been duly authorized by all necessary corporate and shareholder action. The execution, delivery and performance by each Loan Party of each Loan Document to which it is a party and the consummation of the transaction transactions contemplated by this Agreement and the other Loan Documents by each Loan Party do not contravene and will not be in contravention of any applicable law, rulethe constating documents, regulation, order, writ, judgment, injunction, decree determination, award, the corporate charter or by laws bylaws or other organizational documents of any Loan Party or any agreement or order by which any Loan Party or any Loan Party's ’s property is bound. The Loan Documents are the legally valid and binding obligations of the applicable Loan Parties respectively, each enforceable against the Loan Parties, as applicable, in accordance with their respective terms.