Common use of Authorization of Loans, etc Clause in Contracts

Authorization of Loans, etc. The execution, delivery and --------------------------- performance of the Loan Documents by the Borrower (a) have been duly authorized by all requisite action and (b) will not (i) violate (A) any provision of law, any governmental rule or regulation, any order of any court or other agency of government or the Articles of Incorporation and Bylaws of the Borrower or (B) any provision of any indenture, agreement or other instrument to which the Borrower is a party or by which the Borrower or any of its properties or assets are bound, (ii) be in conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any such indenture, agreement or other instrument, or (iii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any of the properties or assets of the Borrower other than as permitted by the terms hereof.

Authorization of Loans, etc. The execution, delivery and performance --------------------------- performance of the Loan Documents by the Borrower (a) have been duly authorized by all requisite action and (b) will not (i) violate (A) any provision of law, any governmental rule or regulation, any order of any court or other agency of government or the Articles of Incorporation and Bylaws of the Borrower or (B) any provision of any indenture, agreement or other instrument to which the Borrower is a party or by which the Borrower or any of its properties or assets are bound, (ii) be in conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any such indenture, agreement or other instrument, or (iii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any of the properties or assets of the Borrower other than as permitted by the terms hereof.

Authorization of Loans, etc. The execution, delivery and --------------------------- performance of the Loan Documents by the Borrower (a) have been duly authorized by all requisite corporate action (no shareholder action being required pursuant to applicable law) and (b) will not (i) violate (Ay) any provision of law, any governmental rule rule, regulation or regulation, any order of any court or other agency of government governmental authority or the Articles of Incorporation and or Bylaws of the Borrower or (Bz) any provision of any indenture, agreement or other instrument to which the Borrower is a party or by which the Borrower or any of its properties or assets are bound, bound (ii) be in conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any such indenture, agreement or other instrument, or (iii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever Lien upon any of the properties or assets of the Borrower other than as permitted by the terms hereof.

Authorization of Loans, etc. The execution, delivery and --------------------------- performance of the Loan Documents by the Borrower (a) have been duly authorized by all requisite action and (b) will not (i) violate (A) any provision of law, any governmental rule or regulation, any order of any court order, writ, judgment or other agency of government decree or the Articles of Incorporation and Bylaws or Articles of Organization of any of the Borrower Borrowers or (B) any provision of any indenture, agreement or other instrument to which the Borrower is Borrowers are a party or by which the Borrower it or any of its properties or assets are bound, (ii) be in conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any such indenture, agreement or other instrument, or (iii) result in the creation or imposition of any lien, charge or encumbrance of any nature whatsoever upon any of the properties or assets of the Borrower other than as permitted by the terms hereof. This Loan Agreement is, and the other Loan Documents when delivered hereunder will be, legal, valid and binding obligations of the Borrower, enforceable against the Borrower in accordance with their respective terms.