Common use of Borrowing is Legal and Authorized Clause in Contracts

Borrowing is Legal and Authorized. (a) The Board of Directors of Borrower has duly authorized the execution and delivery of this Agreement and the Note, Loan Documents and documents contemplated herein and executed in connection with this Agreement will constitute legal, valid and binding obligations of Borrower enforceable in accordance with their terms, except as enforcement is subject to equitable and other limitations applied by courts, and debtor’s rights generally.

Borrowing is Legal and Authorized. (a) The Board of Directors of Borrower the Company has duly authorized the execution and delivery of this Agreement and of the Note, Loan Documents notes and documents contemplated herein herein, and the notes executed in connection with this Agreement will constitute legal, valid and binding obligations of Borrower the Company enforceable in accordance with their terms, except as enforcement is subject to equitable and other limitations applied by courts, and debtor’s rights generally.

Borrowing is Legal and Authorized. (a) The Board of Directors of Borrower the Company has duly authorized the execution and delivery of this Agreement and of the Note, Loan Documents notes and documents contemplated herein herein, and the note or notes executed in connection with this Agreement will constitute legal, valid and binding obligations of Borrower the Company enforceable in accordance with their terms, except as enforcement is subject to equitable and other limitations applied by courts, and debtor’s rights generally.

Borrowing is Legal and Authorized. (a) The Board General Partner of Directors of Borrower the Company has duly authorized the execution and delivery of this Agreement and of the Note, Loan Documents notes and documents contemplated herein herein, and this Agreement, the note or notes executed in connection with this Agreement and the other Loan Documents will constitute legal, valid and binding obligations of Borrower the Company enforceable in accordance with their terms, except as enforcement is subject to equitable and applicable bankruptcy, insolvency, reorganization or other limitations applied by courts, and debtor’s similar laws affecting creditors' rights generally, to general equitable principles or to applicable doctrines of commercial reasonableness.

Borrowing is Legal and Authorized. (a) The Board Manager of Directors of the Borrower has duly authorized the execution and delivery of this Agreement and of the Note, Loan Documents and other related documents contemplated herein herein; this Agreement, the Loan Documents and other documents executed in connection with this Agreement will constitute legal, valid and binding obligations of the Borrower enforceable in accordance with their respective terms, except as enforcement is subject to equitable and other limitations applied by courts, and debtor’s rights generally.; (b) the execution of this Agreement

Borrowing is Legal and Authorized. (a) The Board Boards of Directors of Borrower has the Companies have duly authorized the execution and delivery of this Agreement and of each of the Note, Loan Documents notes and documents contemplated herein herein, and the note or notes executed in connection with this Agreement will constitute legal, valid and binding obligations of Borrower the Companies enforceable in accordance with their terms, except as enforcement is subject to equitable and other limitations applied by courts, and debtor’s rights generally.