Authorization of Security Documents. Each of the Security Documents and the Transactions contemplated thereby (including, without limitation, the creation, grant, recording and perfection of the Security Interests, the execution and filing of financing statements and the payment of any fees and taxes in connection therewith) have been duly authorized by each of the Company and the Guarantors party thereto and, on the Closing Date, when executed by the Company and the Guarantors party thereto, each of the Security Documents will have been validly executed and delivered by, and (assuming the due authorization, execution and delivery thereof by the other parties thereto) will be the legal, valid and binding obligation of, the Company and the Guarantors party thereto, enforceable against the Company and the Guarantors party thereto in accordance with its terms, except that (i) such enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditor’s rights generally and (ii) any rights of acceleration and the availability of equitable remedies may be subject to general principles of equity (whether considered in a proceeding in equity or at law).
Authorization of Security Documents. The Company has all requisite corporate power and authorization to execute, deliver and perform its obligations under the Security Documents to which it is a party. The Security Documents to which it is a party have been duly and validly authorized by the Company and, when executed and delivered by the Company in accordance with the terms thereof, will be validly executed and delivered and (assuming the due authorization, execution and delivery hereof by the Investor) will be the legally valid and binding obligations of the Company in accordance with the terms hereof, enforceable against the Company in accordance with their terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditor’s rights generally, by general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law), public policy, applicable law relating to indemnification and contribution and by an implied covenant of good faith and fair dealing.
Authorization of Security Documents. Each of the Security Documents and the Transactions contemplated thereby (including, without limitation, the creation, grant, recording and perfection of the Security Interests, the recording of the Agreement Regarding Ground Leases, the execution and filing of financing statements and the payment of any fees and taxes in connection therewith) have been duly authorized by each of Majestic Entities party thereto and, on the Closing Date, each of the Security Documents will have been validly executed and delivered by, and will be the legal, valid and binding obligation of, each of the Majestic Entities party thereto, enforceable against each of the Majestic Entities party thereto in accordance with its terms, except that (i) such enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors' rights generally and (ii) any rights of acceleration and the availability of equitable remedies may be subject to general principles of equity (whether considered in a proceeding in equity or at law).
Authorization of Security Documents. Each of the Security Documents and the Transactions contemplated thereby (including, without limitation, the creation, grant, recording and perfection of the Security Interests, the execution and filing of financing statements and the payment of any fees and taxes in connection therewith) have been duly authorized by each of the Issuers and Parent, in each case, to the extent party thereto, on the Closing Date, each of the Security Documents will have been validly executed and delivered by, and will be the legal, valid and binding obligation of, each of the Issuers and Parent, in each case, to the extent party thereto, enforceable against each of the Issuers and Parent, in each case, to the extent party thereto in accordance with its terms, except that (i) such enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and (ii) any rights of acceleration and the availability of equitable remedies may be subject to general principles of equity (whether considered in a proceeding in equity or at law).
Authorization of Security Documents. Each of the Security Documents and the transactions contemplated thereby (including, without limitation, the creation, grant, recording and perfection of the Security Interests, the execution and filing of financing statements and the payment of any fees and taxes in connection therewith) have been duly authorized by each Majestic Entity party thereto (other than Trump) and, effective upon the consummation of the Acquisition, will xx xxly authorized by Trump and, on the Closing Date, each of the Security Documents will hxxx xeen validly executed and delivered by, and will be the legal, valid and binding obligation of, each of the Majestic Entities party thereto, enforceable against each of the Majestic Entities party thereto in accordance with its terms, except that (i) such enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors' rights generally and (ii) any rights of acceleration and the availability of equitable remedies may be subject to general principles of equity (whether considered in a proceeding in equity or at law).
Authorization of Security Documents. Each of the Original Security Documents, the New Security Documents and the Transactions contemplated thereby (including, without limitation, the creation, grant, recording and perfection of the Security Interests, the execution and filing of financing statements and the payment of any fees and taxes in connection therewith) have been duly authorized by each of the Issuers and the Subsidiary Guarantors, to the extent party thereto. Each of the Original Security Documents has been, and on the Closing Date, each of the New Security Documents will have been, validly executed and delivered by the Issuers and the Subsidiary Guarantors, to the extent party thereto. Each of the Original Security Documents has been amended in compliance with Article 9 of the Indenture and each of the New Security Documents is authorized under and in compliance with Article 9 of the indenture. On the Closing Date, each of the Security Documents will be, the legal, valid and binding obligation of each of the Issuers and the Subsidiary Guarantors, to the extent party thereto, enforceable against each of the Issuers and the Subsidiary Guarantors, to the extent party thereto, in accordance with its terms, except to the extent that (i) such enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors' rights generally and (ii) any rights of acceleration and the availability of equitable remedies may be subject to general principles of equity (whether considered in a proceeding in equity or at law).
Authorization of Security Documents. Each of the Security Documents entered into on or prior to the date hereof has been duly authorized by the relevant Issuer (or relevant affiliate of such Issuer) party thereto and, when executed and delivered by such Issuer (or relevant affiliate) and, if applicable, the applicable Security Agent and any other party thereto, and assuming the due authorization, execution and delivery by the applicable Security Agent, and, if applicable, such other party, will constitute a valid and legally binding agreement of the relevant Issuer (or relevant affiliate of such Issuer) and any such other party other than the applicable Security Agent, enforceable against them in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or similar laws relating to or affecting enforcement of creditors’ rights or remedies generally and except as enforcement thereof is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).
