Common use of Borrower’s Authority Clause in Contracts

Borrower’s Authority. The execution, delivery and performance of all of the Loan Documents have been duly authorized by all requisite action by each Borrower. All of the Loan Documents have been duly executed and delivered and constitute valid and binding obligations of each Borrower, enforceable against each Borrower in accordance with their respective terms (except as may be limited by applicable Bankruptcy Laws and other Laws affecting the enforceability of creditors’ rights generally and principles of equity), and Bank will be entitled to the benefits of all of the Loan Documents.

Borrower’s Authority. The execution, delivery and performance of all of the Loan Documents have been duly authorized by all requisite action by each Borrower. All of the Loan Documents have been duly executed and delivered and constitute valid and binding obligations of each Borrower, enforceable against each Borrower in accordance with their respective terms (except as may be limited by applicable Bankruptcy Laws and other Laws affecting the enforceability of creditors’ rights generally and principles of equity), and Bank will be entitled to the benefits of all of the Loan Documents.

Borrower’s Authority. The execution, delivery and performance of all of the Loan Documents have been duly authorized by all requisite action by each Borrower. All of the Loan Documents have been duly executed and delivered and constitute valid and binding obligations of each Borrower, enforceable against each such Borrower party thereto in accordance with their respective terms (except as may be limited by applicable Bankruptcy Laws and other Laws affecting the enforceability of creditors’ rights generally and principles of equity), and Bank will be entitled to the benefits of all of the Loan Documents.

Borrower’s Authority. The execution, delivery and performance of -------------------- all of the Loan Documents have been duly authorized by all requisite action by each Borrower. All of the Loan Documents have been duly executed and delivered and constitute valid and binding obligations of each BorrowerBorrower Party a party thereto, enforceable against each Borrower in accordance with their respective terms (except as may be limited by applicable Bankruptcy Laws and other Laws affecting the enforceability of creditors’ rights generally and general principles of equity), and Bank will be entitled to the benefits of all of the Loan Documents.