Common use of Corporate Power and Authority Clause in Contracts

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally and subject to general principles of equity.

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally and subject to general principles of equity. Each Credit Party is in compliance with all laws, orders, writs and injunctions except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ ' rights generally and subject to general principles of equity.

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out perform the terms and provisions of each of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance by it of the each of such Credit Documents to which it is a partyDocuments. Each Credit Party has duly executed and delivered each of the Credit Document Documents to which it is a party party, and each of such Credit Document Documents constitutes the such Credit Party's legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except as to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ ' rights generally and subject to general by equitable principles (regardless of equitywhether enforcement is sought in equity or at law).

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid valid, and binding obligation of such Credit Party enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally and subject to general principles of equity.

Corporate Power and Authority. Each Parent and each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Parent and each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid and binding obligation of Parent or such Credit Party enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally and subject to general principles of equity.

Corporate Power and Authority. Each Credit Loan Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Loan Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Loan Documents to which it is a party. Each Credit Loan Party has duly executed and delivered each Credit Loan Document to which it is a party and each such Credit Loan Document constitutes the legal, valid and binding obligation of such Credit Loan Party enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally and subject to general principles of equity.

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ ' rights generally and subject to general principles of equity.

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document which is currently in effect constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally and subject to general principles of equity.

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out perform the terms and provisions of each of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance by it of the Credit Documents to which it is a partyeach of such Documents. Each Credit Party has duly executed and delivered each Credit Document of the Documents to which it is a party party, and each of such Credit Document Documents constitutes the its legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except as to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency insolvency, reorganization, moratorium or similar laws generally affecting creditors’ ' rights generally and subject to general by equitable principles (regardless of equitywhether enforcement is sought in equity or at law).

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of each of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance by it of the each of such Credit Documents to which it is a partyDocuments. Each Credit Party has duly executed and delivered each of the Credit Document Documents to which it is a party and each of such Credit Document Documents constitutes the its legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except as to the enforceability extent that the enforcement thereof may be limited by applicable bankruptcy, insolvency insolvency, reorganization or other similar laws affecting creditors’ ' rights generally and subject to general by equity principles (regardless of equitywhether enforcement is sought in equity or at law).

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out perform the terms and provisions of each of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance by it of the each of such Credit Documents to which it is a partyDocuments. Each Credit Party has duly executed and delivered each Credit Document to which it is a party party, and each such Credit Document constitutes the its legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except as the such enforceability thereof may be limited by applicable bankruptcy, insolvency insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights creditors’rights generally and subject to general equitable principles (regardless of equitywhether enforcement is sought in equity or at law).

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid valid, and binding obligation of such Credit Party enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally and subject to general principles of equityequity (provided that, with respect to the creation and perfection of security interests with respect to Indebtedness, Capital Stock and Stock Equivalents of Foreign Subsidiaries, only to the extent the creation and perfection of such obligation is governed by the Uniform Commercial Code).

Corporate Power and Authority. Each Credit Party has the corporate or other organizational applicable power and authority to execute, deliver and carry out perform the terms and provisions of each of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational applicable action to authorize the execution, delivery and performance by it of the Credit Documents to which it is a partyeach of such Documents. Each Credit Party has duly executed and delivered each Credit Document of the Documents to which it is a party party, and each of such Credit Document Documents constitutes the legal, valid and binding obligation of such Credit Party enforceable against each such Credit Party in accordance with its terms, except as to the extent that the enforceability thereof may be limited by bankruptcy, insolvency applicable bankruptcy or other similar laws generally affecting creditors’ ' rights generally and subject to general by equitable principles (regardless of equitywhether enforcement is sought in equity or at law).

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of each of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is a partyeach of such Documents. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid and binding obligation of such Credit Party enforceable in accordance with its terms, except as to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency insolvency, reorganization, moratorium or similar laws generally affecting creditors’ ' rights generally and subject to general by equitable principles (regardless of equitywhether enforcement is sought in equity or at law).

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid valid, and binding obligation of such Credit Party enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ ' rights generally and subject to general principles of equity.

Corporate Power and Authority. Each Credit Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Credit Document to which it is a party and each such Credit Document constitutes the legal, valid and binding obligation of such Credit Party Party, enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ ' rights generally and subject to general principles of equity.