Common use of Authorization, Validity, Etc Clause in Contracts

Authorization, Validity, Etc. The Borrower and each Subsidiary thereof has the power and authority to make, execute, deliver and carry out the Loan Documents to which it is a party and the transactions contemplated therein and to perform its obligations thereunder and all such action has been duly authorized by all necessary proceedings on its part. The Loan Documents to which it is a party have been duly and validly executed and delivered by the Borrower and each Subsidiary thereof and constitute valid and legally binding agreements of the Borrower and each Subsidiary thereof enforceable in accordance with their respective terms, except as limited by Debtor Laws.

Authorization, Validity, Etc. The Borrower Parent and each Subsidiary thereof has the power and authority to make, execute, deliver and carry out the Loan Documents and the Acquisition Documents to which it is a party and the transactions contemplated therein and to perform its obligations thereunder and all such action has been duly authorized by all necessary proceedings on its part. The Loan Documents and the Acquisition Documents to which it is a party have been duly and validly executed and delivered by the Borrower Parent and each Subsidiary thereof and constitute valid and legally binding agreements of the Borrower Parent and each Subsidiary thereof enforceable in accordance with their respective terms, except as limited by Debtor Laws.

Authorization, Validity, Etc. The Borrower Parent and each Subsidiary thereof has the power and authority to make, execute, deliver and carry out the Loan Documents to which it is a party and the transactions contemplated therein and to perform its obligations thereunder and all such action has been duly authorized by all necessary proceedings on its part. The Loan Documents to which it is a party have been duly and validly executed and delivered by the Borrower Parent and each Subsidiary thereof and constitute valid and legally binding agreements of the Borrower and each Subsidiary thereof enforceable in accordance with their respective terms, except as limited by Debtor Laws.