Common use of Corporate Power and Authority Clause in Contracts

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

Corporate Power and Authority. Each Credit Party has the corporate power and authority to execute, deliver and perform carry out the terms and provisions of each of the Transaction Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance by of the Transaction Documents to which it of each of such Documentsis a party. Each Credit Party has duly executed and delivered each of the Documents Transaction Document to which it is party, a party and each of such Documents Transaction Document constitutes the legal, valid and binding 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, reorganization, moratorium or other similar laws generally affecting creditors' rights generally and by equitable general principles (of equity regardless of whether enforcement is sought in a proceeding in equity or at law).

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

Corporate Power and Authority. Each Credit Party has the corporate power and authority to execute, deliver and perform carry out the terms and provisions of each of the Credit Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance by of the Credit Documents to which it of each of such Documentsis a party. Each Credit Party has duly executed and delivered each of the Documents Credit Document to which it is party, a party and each of such Documents Credit Document constitutes the legal, valid and binding 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, reorganization, moratorium or other similar laws generally affecting creditors' ’ rights generally and by equitable general principles (of equity regardless of whether enforcement is sought in a proceeding in equity or at law).

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

Corporate Power and Authority. Each Credit Party has the corporate power and authority to execute, deliver and perform the terms and provisions of each of the Documents to which it is party and has taken all necessary corporate action to authorize the execution, delivery and performance by it of each of such Documents. Each Credit Party has duly executed and delivered each of the Documents to which it is party, and each of such Documents constitutes the legal, valid and binding obligation obli- gation 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 power and authority to execute, deliver and perform 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 action to authorize the execution, delivery and performance by it of the each of such Credit Documents. Each Credit Party has duly executed and delivered each of the Documents Credit Document to which it is party, a party and each of such Documents Credit Document constitutes the legal, valid and binding 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 power and authority to execute, deliver and perform the terms and provisions of each of the Credit Documents to which it is party and has taken all necessary corporate action to authorize the execution, delivery and performance by it of each of such Credit Documents. Each Credit Party has duly executed and delivered each of the Credit Documents to which it is party, and each of such Credit Documents constitutes the its legal, valid and binding 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 power and authority to execute, deliver and perform carry out the terms and provisions of each of the Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance by of the Documents to which it of each of such Documentsis a party. Each Credit Party has duly executed and delivered each of the Documents Document to which it is party, a party and each of such Documents Document constitutes the legal, valid and binding obligation of such Credit Party enforceable enforce able 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 power and authority to execute, deliver and perform carry out the terms and provisions of each of the Credit Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance by of the Credit Documents to which it of each of such Documentsis a party. Each Credit Party has duly executed and delivered each of the Documents Credit Document to which it is party, a party and each of such Documents Credit Document constitutes the legal, valid and binding 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, execute and deliver and perform the terms and provisions of each of the Documents to which it is a party and to perform its obligations thereunder and has taken all necessary corporate action to authorize the execution, delivery and performance by it of each of such Documents. Each Credit Party has duly executed and delivered each of the Documents to which it is a party, and each of such Documents constitutes the its legal, valid and binding 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 power and authority to execute, deliver and perform carry out the terms and provisions of each of the Credit Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance by of the Credit Documents to which it of each of such Documentsis a party. Each Credit Party has duly executed and delivered each of the Documents Credit Document to which it is party, a party and each of such Documents Credit Document constitutes the legal, valid and binding 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) power and authority to execute, deliver and perform carry out the terms and provisions of each of the Loan Documents to which it is a party and has taken all necessary corporate (or other) action to authorize the execution, delivery and performance by it of each of such Loan Documents. Each Credit Loan Party has duly executed and delivered each of the Documents to which it is partysuch Loan Document, and each of such Documents Loan Document constitutes the its legal, valid and binding obligation of such Credit Party obligation, 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 power and authority to execute, deliver and perform the terms and provisions of each of the Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance by it of each of such Documents. Each Credit Party has duly executed and delivered each of the Documents to which it is a party, and each of such Documents constitutes the such Credit Party's legal, valid and binding 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 all necessary power and authority to execute, deliver and perform the terms and provisions of each 89 91 of the Documents to which it is a party and has taken all necessary corporate or other action to authorize the execution, delivery and performance by it of each of such Documents. Each Credit Party has duly executed and delivered each of the Documents to which it is a party, and each of such Documents constitutes the its legal, valid and binding 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 power and authority to execute, deliver and perform the terms and provisions of each of the Documents to which it is party and has taken all necessary corporate action to authorize the execution, delivery and performance by it of each of such Documents. Each Credit Party has duly executed and delivered each of the Documents to which it is party, and each of such Documents constitutes the its legal, valid and binding 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 power and authority to execute, deliver and perform 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 action to authorize the execution, delivery and performance by of the Credit Documents to which it of each of such Documentsis a party. Each Credit Party has duly executed and delivered each of the Documents Document to which it is party, a party and each of such Documents Document constitutes the legal, valid and binding 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).