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 Loan Documents to which it is party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is party. Each Credit Party has duly executed and delivered each Loan Document to which it is party and each Loan Document to which it is party constitutes the legal, valid and binding agreement and obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

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 Loan Credit Documents to which it is party and has taken all necessary corporate or other organizational applicable action to authorize the execution, delivery and performance by it of the Loan Documents to which it is partyeach of such Credit Documents. Each Credit Party has duly executed and delivered each Loan Document of the Credit Documents to which it is party party, and each Loan Document to which it is party of such Credit Documents constitutes the its legal, valid and binding agreement and obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

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 Loan Documents to which it is party and has taken all necessary corporate or other organizational applicable action to authorize the execution, delivery and performance by it of the Loan Documents to which it is partyeach of such Documents. Each Credit Party has duly executed and delivered each Loan Document of the Documents to which it is party party, and each Loan Document to which it is party of such Documents constitutes the legal, valid and binding agreement and obligation of such Credit Party enforceable against such Credit Party in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether 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 Loan Documents to which it is party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is party. Each Credit Party has duly authorized, executed and delivered each Loan Document to which it is party and each Loan Document to which it is party constitutes the legal, valid and binding agreement and obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

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 Loan Credit Documents to which it is party and has taken all necessary corporate or other organizational applicable action to authorize the execution, delivery and performance by it of the Loan Documents to which it is partyeach of such Credit Documents. Each Credit Party has duly executed and delivered each Loan Document of the Credit Documents to which it is party party, and each Loan Document to which it is party of such Credit Documents constitutes the legal, valid and binding agreement and obligation of such Credit Party enforceable against such Credit Party in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether 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 Loan Documents to which it is party and has taken all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is party. Each Credit Party has duly executed and delivered each Loan Document to which it is party and each Loan Document to which it is party constitutes the legal, valid and binding agreement and obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law)) and subject to necessary stamping and registration.

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

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

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

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 Loan Documents to which it is party and has taken all necessary corporate or other organizational applicable action to authorize the execution, delivery and performance by it of the Loan Documents to which it is partyeach of such Documents. Each Credit Party has duly executed and delivered each Loan Document of the Documents to which it is party party, and each Loan Document to which it is party of such Documents constitutes the legal, valid and binding agreement and obligation of such Credit Party enforceable against such Credit Party in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws generally affecting creditors’ ' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

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

Corporate Power and Authority. Each Credit Party has the requisite corporate or other organizational partnership power and authority authority, as the case may be, to execute, deliver and carry out the terms and provisions of the Loan Credit Documents to which it is a party and has taken all 36 necessary corporate or other organizational action to authorize the execution, delivery and performance of the Loan Credit Documents to which it is a party. Each Credit Party has duly executed and delivered each Loan Credit Document to which it is a party and each Loan such Credit Document to which it is party constitutes the legal, valid and binding agreement and obligation of such Credit Party enforceable in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ ' rights and by equitable principles (regardless of whether 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 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 Loan Documents to which it is a party. Each Credit Party has duly executed and delivered each Loan Document to which it is a party and each Loan such Document to which it is party constitutes the legal, valid and binding agreement and obligation of such Credit Party enforceable against such Credit Party in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable voidable preference, bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ ' rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

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

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