Common use of Authorization, Validity and Enforceability Clause in Contracts

Authorization, Validity and Enforceability. The execution and delivery by Company of this Security Agreement has been duly authorized by proper corporate proceedings and this Security Agreement constitutes a legal, valid and binding obligation of Company and creates a security interest which is enforceable against Company in all now owned and hereafter acquired Collateral, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally.

Authorization, Validity and Enforceability. The execution and delivery by Company the Debtor, if a corporation or partnership, of this Security Agreement has been duly authorized by proper corporate proceedings or partnership proceedings, as applicable, and this Security Agreement constitutes a legal, valid and binding obligation of Company the Debtor and creates a security interest which is enforceable against Company the Debtor in all now owned and hereafter acquired Collateral, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally.

Authorization, Validity and Enforceability. The execution and delivery by Company the Debtor of this Security Agreement has been duly authorized by proper corporate proceedings proceedings, and this Security Agreement constitutes a legal, valid and binding obligation of Company the Debtor and creates a security interest which is enforceable against Company the Debtor in all now owned and hereafter acquired Collateral, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally.

Authorization, Validity and Enforceability. The execution and delivery by the Company of this Security Agreement has been duly authorized by proper corporate proceedings proceedings, and this Security Agreement constitutes a legal, valid and binding obligation of the Company and creates a security interest which is enforceable against the Company in accordance with its terms in respect of all now owned and hereafter acquired Collateral, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generallygenerally and by general principles of equity.